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SEC Intensifies Sonus Probe

The telecom-equipment supplier previously announced that it was reviewing the timing of its revenue recognition.

> > Sonus Networks, a provider of voice Internet products, said the SEC has upgraded an informal investigation to a formal probe. On February 11, the company announced the launch of its own independent investigation following a delay in reporting its fourth-quarter and full-fiscal-year financial results for the year ended December 31, 2003.
Source: CFO


Published:2004-07-01
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