Network Associates to restate three years of results
Citing information uncovered through federal investigations into its accounting practices, Network Associates has said that it is restating financial results for fiscal years 1998, 1999 and 2000.
Citing information uncovered through federal investigations into its accounting practices, Network Associates has said that it is restating financial results for fiscal years 1998, 1999 and 2000.
Networking company Cisco Systems on Tuesday reported that revenue for the final quarter of its 2002 fiscal year totalled $US4.8 billion, the same is in the previous quarter but up 12 per cent from the fourth quarter of 2001.
Cisco Systems on Wednesday said it will beat consensus estimates for its second-quarter earnings when it reports its financial results after the financial markets close at 4pm.
Chipmaker Intel has reported fourth-quarter revenue totalling $US7 billion, up 7 per cent from its third quarter results but off by 20 per cent when compared with the fourth quarter of 2000.