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VeriFone says restatement process ongoing; expects filings to be delayed


Published :
Mon, 31 Dec 2007 23:02
By : Agencies
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SAN FRANCISCO (Thomson Financial) - VeriFone Holdings Inc. late Monday said its previously disclosed restatement of financial results for the first three quarters of its fiscal year ended Oct. 31, 2007, is ongoing and isn't expected to be completed prior to March 2008.

The San Jose, Calif.-based company also said it filed with the Securities and Exchange Commission to extend the due date for its annual report on Form 10-K to Jan. 14, 2008. The company said it can't certain how much time will be required for it to complete the restatement process.

Shares of VeriFone, a provider of electronic-payment services, closed the regular session down almost 1.5% at $23.25.

Katherine Hunt

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