8x8 2001 Annual Report Download - page 36

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REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholders of Netergy Networks, Inc.
In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the financial
position of Netergy Networks, Inc. and its subsidiaries at March 31, 2001 and March 31, 2000, and the results of their operations and their cash
flows for each of the three years in the period ended March 31, 2001 in conformity with accounting principles generally accepted in the United
States of America. In addition, in our opinion, the financial statement schedule listed in the accompanying index presents fairly, in all material
respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial
statements and financial statement schedule are the responsibility of the Company's management; our responsibility is to express an opinion on
these financial statements and financial statement schedule based on our audits. We conducted our audits of these statements in accordance
with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates
opinion.
PRICEWATERHOUSECOOPERS LLP
San Jose, California
May 4, 2001
32