Feeds

Nvidia opens books for SEC

Question of timing

  • alert
  • submit to reddit

The essential guide to IT transformation

Nvidia is conducting a review of accounting practices, in response to a 'request' from the Securities and Exchanges Commission (SEC).

In monetary terms, it all seems like pretty small potatoes: Nvidia cites the possibility that product expenses of $3.6m recorded in Q2 and Q3 of fiscal 2000, should have been recorded in Q1.

The SEC is questioning the timing of the recording of certain expenses, and the recording of certain reserves. It will get interesting for shareholders - and class actions - only if the investigation reveals profit 'smoothing' i.e. the timing of expenses and reserves are deliberately controlled to show unbroken quarterly profits growth.

The investigation was prompted by Nvidia documents released to the SEC in its recent investigation of insider trading conducted by a ring of former employees of the graphic chips company. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.