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Ariba Restates Most of Results

The software company has problems with accounting, expenses and options.



announced that it has restated or adjusted all but one of its quarterly statements. The company came public in 1999.

The software company, another Internet-bubble era flameout, cited accounting problems, questionable partnerships and executive awards,


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The adjustments result in:

A net loss increase by $9.8 million in fiscal year 2000 and $14.1 million in fiscal year 2001;

A decrease in net loss by $22.1 million in fiscal year 2002;

An increase in net loss of $2 million in the first quarter of fiscal year 2003.

The restatement is expected to increase Ariba's projected fiscal second-quarter loss by 2 cents a share, to 18 to 20 cents.