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Technology Stocks : SONS
SONS 7.830+2.8%Nov 28 4:00 PM EST

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To: Cooters who wrote (956)3/19/2007 6:22:42 PM
From: LJM  Read Replies (1) of 1575
 
Will this never end???

Sonus Networks: SEC Issues Formal Probe On Option Grants

Mar 19, 2007 18:02:52 (ET)

DOW JONES NEWSWIRES

Sonus Networks Inc. (SONS) disclosed Monday that the Securities and Exchange Commission has issued a formal order of investigation of the company's past option granting processes.

The Westford, Mass., voice-over IP company received the order Thursday, according to a filing with the Securities and Exchange Commission.

The company has conducted a review of its option grants and found misdating errors primarily in its 2000 through 2003 fiscal years, but found no improper conduct related to the grants.

-Ed Welsch, Dow Jones Newswires; 202-862-1356; edward.welsch@dowjones.com

(END) Dow Jones Newswires

March 19, 2007 18:02 ET (22:02 GMT)
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