Networking equipment maker Riverstone Networks Inc hopes to be able to file its financial reports for the year to March 1, 2003 by the week ending August 9, a move essential if the Santa Clara, California-based company is to regain its listing on Nasdaq. It also expects to file audited financial reports for the four quarters of 2004 by the end of August.
Riverstone admitted accounting irregularities in August 2003 that stretched back to 2002, and the company is under investigation by the SEC. The company said that virtually all the internal work, which took longer than anticipated, had been completed and turned over to independent accountants.
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