By Graham Hayday, 27 March 2002 07:40
NEWS Network Associates is facing a renewed investigation into its accounting practices. The Securities and Exchange Commission (SEC) has launched a probe into the company, it emerged yesterday, hitting the company's shares hard. They fell 11 per cent in trading. An unofficial enquiry began in 2000, but has now become a full-blown formal investigation. Network Associates joins a host of high-tech companies facing such investigations, including Computer Associates, EMC, Qwest and WorldCom.
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