Why Red Hat is restating its financials for last three years
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On Tuesday, Red Hat issued a press release and held a conference call to announce it would be delaying Red Hat's first fiscal quarter 2005 10Q filing. The reason for the delay is that management is restating Red Hat's results for the three fiscal years 2002, 2003 and 2004 (all of which had been audited) and its most recently reported first fiscal quarter 2005 (which has not yet been audited).
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