Oops.
From Yahoo Finance:
IBM Corp. has been temporarily banned from new federal contracts as prosecutors examine interactions between employees of the company and the Environmental Protection Agency.
The suspension went into effect last Thursday “while the agency reviews concerns raised about potential activities involving an EPA procurement,” the agency said Monday in an e-mailed statement. Under a reciprocal agreement among federal agencies, when one issues a ban, the others follow it.
EPA said it will not comment further on the matter.
IBM said it was cooperating with the U.S. Attorney’s Office for the Eastern District of Virginia, which served grand jury subpoenas seeking documents and testimony relating to the EPA contract.
This will most likely get worked out in short order. Bad press though. Ouch.
