Juniper faces Nasdaq delisting after finance probe

Iria · Aug 11, 2006, 05:33 PM

Source: News.com
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Juniper Networks faces being delisted from the Nasdaq share index after revealing the extent of irregularities around stock options at the company.

On Thursday, Juniper revealed the conclusions of an internal review conducted by its audit committee into issues raised concerning stock options issued before 2006.

According to the company, the investigation is ongoing, but it said in a statement that based on information already uncovered it needs "to restate historical financial statements to record additional noncash charges for stock-based compensation expense related to past option grants."

Aug 11, 2006, 05:33 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Juniper faces Nasdaq delisting after finance probe Source: News.com ________ Juniper Networks faces being delisted from the Nasdaq share index after revealing the extent of irregularities around stock options at the company. On Thursday, Juniper revealed the conclusions of an internal review conducted by its audit committee into issues raised concerning stock options issued before 2006. According to the company, the investigation is ongoing, but it said in a statement that based on information already uncovered it needs "to restate historical financial statements to record additional noncash charges for stock-based compensation expense related to past option grants."