CNET News: Red Hat Restates Earnings
Jul 13, 2004, 14:30 (0 Talkback[s])
(Other stories by Dawn Kawamoto)
Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers
"Red Hat announced Tuesday it was restating revenue and earnings
going back to 2002, as the company changes the way in which it
accounts for subscription revenue.
"The Linux company, which recently reported the resignation of
its chief financial officer, said it made its decision to change
its revenue recognition after a discussion last month with its
independent auditors, PricewaterhouseCoopers..."