HOLTSVILLE, N.Y.--June 19, 2003--Symbol Technologies, Inc. (NYSE:SBL) today issued a statement in response to the Securities and Exchange Commission's announcement concerning Robert Korkuc, a former vice president and chief accounting officer.
Richard Bravman, Symbol vice chairman and chief executive officer, said, "Today's action by the SEC is consistent with the investigations that have been under way by both the SEC and the Department of Justice, as well as our own investigation. Symbol continues to work with its auditors to complete a restatement of earlier financial results, and we anticipate the financial impact of this restatement to be consistent with the Company's previous disclosures. The Company continues to cooperate with the ongoing investigations by the SEC and the U.S. Attorney."
About Symbol Technologies
Symbol Technologies, Inc. (NYSE:SBL) delivers enterprise mobility solutions that enable anywhere, anytime data and voice communication designed to increase productivity, reduce costs and realize competitive advantage. Symbol systems and services integrate rugged mobile computing, advanced data capture and wireless networking for the world's leading retailers, transportation and logistics companies and manufacturers as well as government agencies and providers of healthcare, hospitality and security. More information is available at http://www.symbol.com.
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