Stories by Todd R.Weiss

Peregrine sued by SEC for fraudulent financial reporting

After a 14-month government investigation, Peregrine Systems has been charged with "massive fraud" by the U.S. Securities and Exchange Commission for allegedly falsifying sales and exaggerating revenue, then covering up the scheme.

Red Hat reports Q1 revenue of $27.2 million

Linux software vendor Red Hat Tuesday announced revenue of US$27.2 million for the first quarter of fiscal 2004, up 5 percent from the previous quarter and 39 percent higher than in the same period one year ago.