SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Auric Goldfinger's Short List

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: afrayem onigwecher who wrote (11227)3/13/2003 5:39:15 PM
From: StockDung  Read Replies (1) of 19428
 
Symbol Tech says SEC may bring charges in probe

HOLTSVILLE, N.Y., March 13 (Reuters) - Symbol Technologies Inc. <SBL.N>, a maker of bar code scanners, on Thursday said the federal government may bring civil charges against it and a number of former employees in connection with an investigation into its accounting.

The company said in a statement that staff of the U.S. Securities and Exchange Commission had issued "Wells Notices," formal notices that staff will recommend civil charges be brought. As a result, it expects a delay in compeleting its previously announced restatement of several years of financial statements.

Symbol said it now expects to complete its restatement of results for 1999 through 2002 in June, when it files the annual report, instead of March 31 as it previously had expected. Symbol said it sees no change in the previously estimated scope of the restatement.

03/13/03 16:21 ET
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext