RSA Security Issues Clarification On SEC Investigation
BEDFORD, Mass., Jan. 25, 2002 — RSA Security Inc. (Nasdaq: RSAS)
today reported that the Securities and Exchange Commission has commenced
a formal investigation into certain matters relating to the company. The
SEC's investigative order relates to whether a change in RSA Security's
method for estimating distributor revenue disclosed in its Quarterly
Report on Form 10-Q for the first quarter of 2001 should have been
disclosed in its earnings press release a few weeks earlier, as well as
to certain trading in the company's securities. The investigation will
not require any change to RSA Security's financial statements.
"The SEC has not concluded that there has been any wrongdoing, and
we don't believe that there has been any," said Art Coviello, CEO
and president at RSA Security. "We are cooperating fully with the
SEC on this matter."
Trei is cooperating with 2 bottles of jim beam after slaving all day over
melting paper shredders.
