Feeds

Nvidia opens books for SEC

Question of timing

  • alert
  • submit to reddit

Top three mobile application threats

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. ®

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.