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Network equipment maker Enterasys Networks said it fired three
senior employees in its Asia-Pacific operations as a result
of previously disclosed accounting irregularities there. The
company, which said the employees had previously been placed
on administrative leave, also said it will not release its
fourth-quarter earnings before late March.
Earlier this month, Enterasys said it had uncovered accounting
irregularities involving contractual and revenue recognition
matters in its Asian operations. At that time, the company
also said it and its affiliates were under investigation by
the Securities and Exchange Commission, although it is not
yet clear if the two matters are related.
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