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Technology Stocks : Enterasys Networks

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To: SecularBull who wrote (2)	8/11/2002 11:28:04 AM
From: long-gone	of 6

AP Enterasys to Restate Earnings Wed Jul 31, 4:23 PM ET By HARRY R. WEBER, AP Business Writer CONCORD, N.H. (AP) - Enterasys Networks Inc. will restate earnings for last year and part of this year amid a continuing internal investigation and Securities and Exchange Commission ( news - web sites) review of its finances. The Rochester-based computer networking company also said its chief financial officer has resigned and announced other management changes. Enterasys said Tuesday evening that it has identified problems requiring adjustments for the 10-month period that ended Dec. 29, 2001, and for the fiscal year that ended March 3, 2001. At issue was when the company recorded revenue related to investment transactions and the amount and timing of revenue associated with sales to certain distributors. The company (cont) story.news.yahoo.com

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