Electronic Data Delays Earnings for Navy Asset Audit
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Electronic Data Systems Corp., the world&#39;s second-largest seller of computer services, delayed the release of third-quarter earnings while it reviews the value of a contract with the US Navy.
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The SEC has postponed by a year its plans to shorten the time companies have to file their annual reports -- a move expected to help firms more easily adopt Sarbanes-Oxley reporting requirements.
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has morphed from a question of 'If' to 'When' among fans and analysts. REUTERS/Dylan Martinez" border="0" /> Apple Computer Inc. said Friday it has delayed filing its annual report with the Securities and Exchange Commission due to its ongoing investigation into stock option grants.
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Accounting scandal continues to drag out as company once again delays reporting results for first half of 2004 and all of 2003.
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(InfoWorld) - The Nasdaq stock market has granted a request from Dell toÂ extend a deadline for filing late reportsÂ with the U.S. Securities and Exchange Commission, the company announced. Dell now has until July 16 to file its past three quarterly earnings reports, called Form 10-Qs, and its annual report, Form 10-K, but the company will ask for more time as it continues an investigation into past accounting practices, said David Frink, a company spokesman. Nasdaq has warned that the company could face delisting for the delinquent reports. Asked what could happen if Nasdaq does not extend the deadline again, Frink said, "I'm not going to speculate on that." Dell has "every reason to believe" Nasdaq will review the request, and past precedence exists for an extension, he said. The SEC began an investigation into Dell's accounting practices last year, and the U.S. Attorney for the Southern District of New York has begun an investigation as well. Dell launched an internal audit and foundÂ evidence of misconduct and accounting errors. The company continues to comply with the SEC investigation, Frink said Thursday. The company is moving toward a conclusion of its internal investigation, he added. Nasdaq officials were not immediately available for comment on the Dell extension.
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The Securities and Exchange Commission has given a large number of companies an additional 45 days to meet a number of the requirements of Section 404 of the Sarbanes-Oxley Act, which guides how auditors report on companies&#39; assessments of their internal
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Electronic Data Systems Corp. on Monday said it will delay reporting its third-quarter financial results until Nov. 3 to evaluate whether the company needs to impair assets related to its Navy Marine Corps intranet account.
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Electronic Data Systems Corp. (EDS (Profile, Products, Articles)) could be facing more rough waters with its $8.8 billion US Navy contract, as the IT services provider delayed
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The FASB delays stock option expensing by six months. That's just more time for Big Tech to lobby.
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It&#39;s the second time in a week the IT services giant postponed the release of quarterly results. EDS doesn&#39;t know when it can make the numbers public.
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EDS, which initially delayed its earnings release on 25 October, said the latest delay comes because it and auditor KPMG need time to finish assessing &quot;the timing and amount of the (charge)&quot;.
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By Ryan Blitstein, San Jose Mercury News, Calif.  Dec. 16--In a filing with the Securities and Exchange Commission, Apple Computer said Friday it will delay its annual 10-K financial report by more than two weeks while it reviews the findings of its investigation into stock option grants.
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Dell Inc  said on Thursday it is delaying its fiscal 2008 second-quarter report until it has completed a financial restatement process.
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Tommy Hilfiger Corp. said Wednesday it would delay the filing of its quarterly report while it reviews issues related to a US government investigation.
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WebMethods Inc. said yesterday it has delayed filing its quarterly financial results because an employee in one of its international subsidiaries has raised concerns about some of its business dealings.
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Troubled Navy contract spurs delay, and possible earnings hit.
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DALLAS -- Dell Inc., the world's largest PC maker, has delayed filing its fiscal second-quarter financial report and suspended its share-repurchase program because of an ongoing federal accounting probe.