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Technology Stocks : RSA Security Inc. (RSAS) -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (359)	3/26/2003 9:28:04 PM
From: Roger Bodine	Read Replies (1) \| Respond to of 374

4 times the volume. Was down even more but back up some. Here's the story.........(it's going to be interesting in the morning). RSA Security Comments on Trading Halt; No Change in SEC Probe Status March 26, 2003 20:16:00 (ET) BEDFORD, Mass., Mar 26, 2003 /PRNewswire-FirstCall via COMTEX/ -- RSA Security Inc. (RSAS, Trade) announced that its stock was halted at 3:58 p.m. ET today by the NASDAQ National Market due to unusual trading activity believed to be caused by an incorrect headline on Bloomberg Business News. In its Annual Report on Form 10-K filed today, RSA Security reiterated that it had been notified on January 23, 2002, that the Securities and Exchange Commission was conducting a formal investigation into certain matters relating to the Company and trading in its securities. The Company had previously disclosed this information in news releases and its SEC filings. There was no significant change in RSA Security's disclosure regarding this matter in today's filing. Shortly before 4:00 p.m. ET today, Bloomberg incorrectly reported that RSA Security had disclosed in its Form 10-K a change in the nature of its ongoing SEC inquiry from an informal probe to a formal investigation. Bloomberg has since issued a correction. The actual text related to this matter in the company's 10K filed today is as follows: "By notice dated January 23, 2002, the Securities and Exchange Commission notified us that it is conducting a formal investigation of (1) our disclosure of a change in our method for estimating our distributor revenue, and (2) certain trading in our common stock. On or about July 11, 2002, the SEC staff notified RSA Security and some of its officers that the staff was considering seeking permission from the SEC to commence a civil injunctive proceeding against them, and that RSA Security and the officers could submit a written statement explaining why no such proceeding should be commenced. We and the officers submitted such a statement in August 2002 and are waiting for the SEC's response. We and the officers are continuing to cooperate with the SEC, but we cannot predict the ultimate outcome of this matter." RSA Security will announce its first quarter 2003 financial results after the U.S. financial markets close on Thursday, April 10, 2003. About RSA Security Inc. With thousands of customers around the globe, RSA Security (RSAS, Trade) provides interoperable solutions for establishing online identities, access rights and privileges for people, applications and devices. Built to work seamlessly and transparently in the complex environments of our customers, the Company's comprehensive portfolio of identity and access management solutions -- including authentication, Web access management and developer solutions -- is designed to allow customers to confidently exploit new technologies for competitive advantage. RSA Security's strong reputation is built on its history of ingenuity and leadership, proven technologies and long-standing relationships with more than 1,000 technology partners. RSA and The Most Trusted Name in e-Security are registered trademarks or trademarks of RSA Security Inc. in the United States and/or other countries. All other products and services mentioned are trademarks of their respective companies.