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Technology Stocks : AremisSoft Corporation (AREM)
AREM 0.10000.0%Aug 17 4:00 PM EDT

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To: Sir Auric Goldfinger who wrote (642)9/4/2001 9:22:21 AM
From: RockyBalboa  Read Replies (1) of 683
 
Jacobs 0 Mr. Market 3. Clarent under investigation for having cooked the books

Message 15999157


SOURCE: Clarent Corporation
Clarent Announces Investigation of Potential Overstatement of Historical Revenues
Places Three Executives On Administrative Leave
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Sept. 4, 2001--Clarent® Corporation (Nasdaq:CLRN - news), a leading provider of voice solutions for next generation networks, announced today that it has discovered information suggesting that the Company's previously reported revenues for the first and second quarters of fiscal 2001 may have been materially overstated. The Company's Board of Directors has formed a special committee to investigate a number of transactions that place in question the Company's historical financial results.

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