Tuesday, November 23, 2010
M1: Suing former account mgr who embezzled approx $2.1m. The corporate acct mgr reportedly generated order forms for non-existent orders and then sold the falsely ordered handsets to resellers for cash. He was found out when the number of handsets and corporate subscriptions were vastly different. News is highly unlikely to impact M1’s results. 2009 rev at $216.2m.