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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE REVENUE COMMISSION DISTRIBUTOR TRANSACTION PUBLIC CEASE-AND-DESIST PROCEEDING WAREHOUSE EXCHANGE ACT FORMER CFO NORTH AMERICAN SALES REVENUE RECOGNITION CUSTOMER ENCRYPTION ACCOUNTING SOFTWARE PRODUCT SECURITIES EXCHANGE ACT CYLINK CORPORATION MAKING FINDINGS FINANCIAL STATEMENTS HARDWARE PRODUCTS PRIVATEWIRE WIRELESS DIVISION ADMINISTRATION RESPONDENT REVENUE GOALS REVENUE TARGET DISCONTINUED OPERATIONS OVERSTATEMENT REPORTED REVENUE |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 43357 / September 27, 2000
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1313 / September 27, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-10311
In the Matter of
CYLINK CORPORATION
Respondent.
ORDER INSTITUTING PUBLIC CEASE-AND-DESIST PROCEEDING, MAKING FINDINGS
AND ISSUING A CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that a public cease-and-desist proceeding be instituted
pursuant to Section 21C of the Securities Exchange Act of 1934
("Exchange Act") against Cylink Corporation ("Cylink" or the "Company"
or the "Respondent").
Accordingly, IT IS HEREBY ORDERED that a cease-and-desist proceeding
against Cylink be, and hereby is, instituted.
II.
In anticipation of the institution of this proceeding, Cylink has
submitted an Offer of Settlement ("Offer"), which the Commission has
determined to accept. Solely for the purpose of this proceeding and
any other proceedings brought by or on behalf of the Commission or in
which the Commission is a party, and without admitting or denying the
findings contained herein except that Cylink admits the jurisdiction
of the Commission over it and over the subject matter of this
proceeding, Cylink consents to the issuance of this Order Instituting
Public Cease-and-Desist Proceeding, Making Findings and Issuing a
Cease-and-Desist Order Against Cylink Corporation ("Order").
III.
On the basis of this Order and the Offer, the Commission makes the
following findings
SNIPPETS:
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