FULLERTON, Calif., May 10 /PRNewswire-FirstCall/ -- Beckman Coulter, Inc. announced today that the filing of its report on form 10-Q for the quarter ended March 31, 2006 will be delayed. As was previously announced, the Audit and Finance Committee of the company's Board of Directors is overseeing an inquiry into claims made by a former employee. This individual alleged in a letter dated April 17, that his recent termination, as part of the company's restructuring, was because of certain accounting and financial reporting issues that he claims he brought to the attention of his supervisor. These allegations involve obsolescence of about $25 million of inventory, accounting for returned equipment under lease, and disclosure of causes for change in expenses. The Audit and Finance Committee has retained outside counsel and an outside forensic accounting firm to assist in the inquiry and is taking the time and all necessary steps to perform a thorough and complete examination of the allegations.
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Beckman Coulter, Inc. is a leading manufacturer of biomedical testing instrument systems, tests and supplies that simplify and automate laboratory processes. Spanning the biomedical testing continuum -- from pioneering medical research and clinical trials to laboratory diagnostics and point-of-care testing -- Beckman Coulter's 200,000 installed systems provide essential biomedical information to enhance health care around the world. The company, based in Fullerton, California, reported 2005 annual sales of $2.44 billion with 71.5 percent of this amount generated by recurring revenue from supplies, test kits, services and operating-type lease payments. For more information, visit http://www.beckmancoulter.com/.
Contact: Robert Raynor (714) 773-7620
Director, Investor Relations
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