Global Crossing notified the Securities and Exchange Commission on Tuesday that it will delay filing its 10-K financial report. The company said Arthur Andersen, the firm's troubled public accountants, won't be able to deliver an audit of its financial statements for the year that ended Dec. 31, 2001, because of an ongoing investigation. ... Global Crossing officials said the company has not finished disclosures needed in the Form 10-K. The Form 10-K will be filed after Global Crossing completes its financial disclosures and the audit report from Arthur Andersen is received. Is this the whole truth? Is a bombshell announcement in the offing? Hmmm ... |