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Technology Stocks : iBasis, Inc.

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To: Jim Oravetz who wrote (208)	1/30/2007 1:06:49 PM
From: Jim Oravetz	Read Replies (1) of 211

IBasis to restate results; take $10mln-$20mln charge Reuters 1:59 pm January 26, 2007 Jan 26 (Reuters) - IBasis Inc. said it will restate financial statements for the periods from Jan. 1, 2000 through June 30, 2006 and take additional non-cash charges of $10 million to $20 million for stock-based compensation. In October last year, the company had said it found errors in its stock option grants and fired a top executive. In a news release, the communications services provider said it expects to report selected fourth quarter and full year 2006 financial results on Feb. 8.

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