WASHINGTON, Nov. 16, 2001 (PRIMEZONE) -- The Securities Sleuth, (http://www.securitiessleuth.com) takes a "behind the scenes" look at various securities "irregularities" and their impact on investors.
Early this morning, Sagent Technology (Nasdaq:SGNT) announced that it was investigating whether it had booked questionable revenues for its recently-announced third quarter...and a few hours later, it announced the appointment of a new Chief Financial Officer.
Although very little information is available yet, The Securities Sleuth has pulled together whatever interim information is available to SGNT's current stockholders. New information about the nature of these "accounting errors" can be found in an article published earlier today on the Sleuth's Web site.
The Securities Sleuth is co-edited by Bob Davis and Mark McNair, the team that previously produced a site named by Forbes magazine as its favorite "Guard Dog" on its "Best of the Web" list. (http://www.forbesbest.com/asp/category.asp?category=Guard+Dogs)
Davis is also the editor of The Napeague Letter (http://www.napeague.com), whose "Suspicious Stocks" column profiled "excessively-promoted" stocks. Bob's column has earned kudos for its analyses from Forbes, The Financial Times, Online Investor, Money Magazine and the San Francisco Chronicle. Mark McNair is an attorney in Washington, D.C., who previously worked for the SEC and whose practice focuses on securities class action litigation.