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,
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.