Nvidia options probe ends in $127 million charge
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Graphics chip maker Nvidia found some irregularities in past stock-based compensation practices during an internal probe, and took a total of $127 million in non-cash charges over associated expenses, the company said Wednesday.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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Still grappling with the fallout from a boardroom spying scandal, Hewlett-Packard Co. is now facing a Senate investigation into a stock option debacle that it inherited last year with its $4.9 billion acquisition of software maker Mercury Interactive Corp.
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Google Inc. yesterday settled Securities and Exchange allegations that it awarded about $80 million in stock options from 2002 to 2004 without properly informing employees about the company's financial performance.
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Let's talk GPUs AMD and Nvidia have been put on notice by the US Department of Justice in relation to an investigation around possible anti-trust violations by graphics chip makers.â¦
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Charges to retire debt and finance the proposed settlement of a probe into its marketing practices more than offset strong sales growth at Bristol-Myers, which posted a loss of $133 million.
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U.S. regulators have begun a formal probe into stock option practices at Activision Inc. , the No. 2 U.S. video game publisher, according to a company filing.
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The U.S. Department of Justice has issued subpoenas to Nvidia Corp.  and Advanced Micro Devices Inc.  as part of a probe into potential antitrust violations involving graphics chips, helping to send shares in the companies lower.
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An investigation of IBM Corp. by the Securities and Exchange Commission ended Tuesday without penalty, although the government found that the technology company misled analysts about employee stock-option expenses in 2005.
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McAfee has taken two major steps toward closing the stock-option backdating scandal that has plagued the company for the past two years.On Friday, the security vendor filed 10 years&#39; worth of restated financial reports, a process that was set off by the scandal. The company also said it had reached a tentative settlement in a class-action lawsuit relating to its accounting practices.Charges for the restatement will be $137.4 million. McAfee has also set aside $13.8 million to cover lawsuits filed in 2006 on behalf of McAfee shareholders, the company said in a statement released on Friday.McAfee is one of more than 100 U.S. companies that have been investigated by the U.S. Securities and Exchange Commission (SEC) for improper backdating of options. In backdating, companies would alter the date that stock options grants were made to certain employees so they could be purchased at a lower price and ultimately sold by the employee at a greater profit. The practice, while not illegal, was often improperly disclosed in regulatory filings, leading to SEC investigations of many high-profile companies, including Apple, Dell and Broadcom.Earlier this year, McAfee&#39;s former legal counsel, Kent Roberts, was indicted on fraud charges related to the scandal.The restated reports cover the period from 1995 until the first quarter of McAfee&#39;s fiscal 2006 year. The company has also filed 10-Q reports for the first three quarters of its fiscal 2007 year, putting it up-to-date with the SEC for the first time since March 2006.
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Whose Ball Grid Array is it anyway? Nvidia has been accused of patent infringement. Minneapolis-based Scanner Technologies claims it owns techniques that the GPU maker uses in the manufacture of ball grid array (BGA) chip-pin layouts without its permission. It said the alleged infringement was "willful and deliberate".â¦
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Don't mention the stock Brocade and Mercury Interactive have coughed up $35m between them to settle charges they deliberately flouted SEC rules by falsifying dates of stock option grants.â¦
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Seoul, Korea-based Samsung Electronics Co. said today it has set aside $100 million to cover costs associated with the price-fixing investigation by the US Department of Justice (DoJ) for alleged price-fixing
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Two major insurance companies named in the New York attorney general&#39;s investigation into questionable sales practices have discontinued the use of incentive fees, which are at the center of the probe.
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Advanced Micro Devices , the world's second-largest maker of computer microprocessors, posted a wider quarterly net loss on Thursday due to a $1.68 billion charge related to its purchase of graphics chipmaker ATI.
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In connection with what the two companies are only describing today as an investigation into potential antitrust violations, graphics processor producer nVidia and AMD â- the new parent of processor company ATI â- announced they have received subpoenas from the US Dept. of Justice.
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November 16, 2004 - NVIDIA today has announced an AGP version of its GeForce 6600 GT, its competitively priced, high-performance solution aimed at gamers.
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Expected restatement comes as a result of its internal investigation into stock options practices.