Tripos To Restate Prior-Year Results

Following on the heels of similar announcements from informatics firms Accelrys and Lion Biosciences [BioInform 02-09-04], Tripos last week said that it plans to revise the way it recognizes revenue for its software licenses.

Due to the revised policy, the company said it will have to restate its financial results for prior fiscal years.

Tripos also postponed the release of its 2003 fourth-quarter and year-end earnings, which were scheduled for release on Feb. 12.

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