Feeds

EDS delays results for third time

Five more days please

  • alert
  • submit to reddit

Intelligent flash storage arrays

Services giant EDS has asked the Securities and Exchange Commission for a third extension to the deadline for posting its financial results. The firm has delayed posting results for the third quarter ended 30 September twice already.

It first asked for more time in October and then again in early November. KPMG, its auditor, is still trying to work out how much the troubled contract with the US Navy has cost the company. The latest extension gives the beancounters until 15 November to sort out the mess.

Last week EDS said the investigation into the Navy Marine Corps Intranet was continuing and a new investigation was looking at quarterly bonus payments in 2003 and 2004. It continues to hope the delay will not affect full year earnings.

The Navy contract is worth over $8bn and KPMG is assessing the write-down value of $700m in related assets. The contract is being investigated by the SEC and has already cost EDS $500m. ®

Related stories

US Navy contract knocks back EDS Q3 (again)
EDS polishes 9,000 gold watches
EDS suffers US Navy broadside

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.