Probes Reporter Research Update - September 20, 2018


Probes Reporter® research reports provide commentary and analysis on public company interactions with investors and with the SEC. They are heavily reliant on our expertise in using the Freedom of Information Act

Companies in Today’s Research Update

  • Bruker Corporation - BRKR
  • DXC Technology Co. (Computer Sciences unit) – DXC
  • Tesla, Inc. – TSLA

Disclosure Insight® Report: Tesla, Inc - TSLA

Why the Act of Tesla Confirming a Criminal Probe is So Meaningful

“… In meetings with clients this winter, I said your indication that the paradigm has shifted, that things have gotten really bad, would come on the day Tesla itself confirmed bad news. “   Today’s report breaks it down.

Today’s Focus Company

Bruker Corporation – BRKR:  Bruker could be in a lot more trouble than investors recognize regarding a subpoena the company disclosed in a 10-Q filed in Nov-2017.  There’s SEC investigative history here that could make this newer investigation more problematic than would be the case if it wasn’t there. 

Company Comments & Watch List Updates

DXC Technology Co. (Computer Sciences unit) – DXCMaintained on Watch List of Companies with Undisclosed SEC Investigations.  It’s been over a year now since Computer Sciences merged with HP Enterprise Services to create DXC Technology (in Apr-2017).  Would an SEC investigation at CSC even matter today?  It depends.  We go over the record and review the scenarios in today's report.


Disclosure Games® is a term we use to highlight those public companies engaging in disclosure practices that in our opinion may be misleading, confusing, evasive, or otherwise lacking the transparency needed for investors to make well-informed investment decisions regarding a potentially material exposure. 

Notes: New SEC investigative activity could theoretically begin or end after the date covered by the latest information in this report which would not be reflected here.  All companies we identify as having undisclosed SEC investigations are maintained on our Watch List of companies with undisclosed SEC probes if we learn about them at the time the investigation(s) are ongoing.  The SEC did not disclose the details on investigations referenced herein. All we know is that they somehow pertain to the conduct, transactions, and/or disclosures of the companies referenced above.  Documents released by the SEC can provide additional insights but, as always, should only be viewed as a piece of your overall investment mosaic. The SEC reminds us that its assertion of the law enforcement exemption should not be construed as an indication by the Commission or its staff that any violations of law have occurred with respect to any person, entity, or security. 

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