Enterasys Fires 3 Over Improper Accounting

Enterasys Networks Inc., under investigation by the U.S. Securities and Exchange Commission, fired three senior employees in its Asian unit because of accounting irregularities.

The unidentified workers were fired for violating policies on when sales can be recorded, spokeswoman Kristen Sheppard said.

Enterasys, the fourth-biggest maker of office computer network switches, has seen its shares fall 66% since it said this month that the Asian office improperly booked a $4-million order in August.

Shares of Portsmouth, N.H.-based Enterasys fell 17 cents to $3.63 on the NYSE.