Kaypro Discloses SEC Probe, Fires Founder: Kaypro...
From Times Staff and Wire Reports
Kaypro Discloses SEC Probe, Fires Founder: Kaypro Corp. said the Securities and Exchange Commission has launched an investigation into its accounting methods, just three months after the company filed for Chapter 11 bankruptcy protection. The pioneer in personal computer production also announced that founder and controlling shareholder Andrew Kay was fired following a power struggle with current Chief Executive Roy Salisbury.
