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Technology Stocks : RadiSys Corp

RSYS 1.720

+0.6%

Dec 11 4:00 PM EST

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To: Jerry Meng who wrote (437)	2/21/1997 10:19:00 PM
From: jeff w day	of 1472

To All:From Wall Street Journal- Thursday Feb. 20, 1997 AUDITORS CLEAR ALLEGATIONS, STOCK PRICE CLIMBS 20% RadiSys Corp. said its auditors cleared it of allegations of accounting irregularities, sending shares of the Hillsboro, Ore., maker of printer circuit boards up 20%, or $6.875 to $40.625 in Nasdaq Stock Market trading. RadiSys said Price Waterhouse LLP gave it an unqualified opinion validating its securities filings for the last three years. The company's stock dropped 20% earlier this month when RadiSys said the Securities and Exchange Commission had asked for documents relating to a former employee's allegations that the company inflated inventories and engaged in other accounting irregularities. The company denied the allegations. Scott Gibson, chairman of RadiSys's audit committee, said, "The audit committee is fully confident that the allegations of accounting improprieties made in the lawsuit are completely groundless." "Maker of printer circuit boards"??????????HMMMMMMM. I thought they were in the embedded business. Not news, but Good Press! Jeff

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