The Register® — Biting the hand that feeds IT

Feeds

Nvidia may take $150m hit over stock options

Restatement of recent years' figures coming

Nvidia's investigation into stock-option awards will result in a restatement of the company's financial figures for fiscal years 2004, 2005 and 2006, and for Q1 FY2007, the graphics chip maker admitted last night.

It said the net impact of the restatement will be non-cash charges totalling less than $150m before tax. Whatever the final total, it will not have a "material impact" on any of FY2007's quarterly results, Nvidia claimed, including the Q2 FY2007 figures it has yet to file thanks to the stock-option probe.

In August, Nvidia announced record quarterly revenues for the three months to 30 July 2007, the second quarter of FY2007. However, it did not announce any other financial results, preferring to wait until the stock-option investigation was completed.

Nvidia did say that sales for the three-month period topped $687.5m, up 19.6 per cent from the $574.8m but a more modest 0.8 per cent on the previous quarter. ®

More from The Register

MYSTERY Nokia Lumia with gazillion-pixel camera 'spotted'
With 20Mp sensor - NOW will you try Windows Phone 8?
 breaking news
The iWatch is coming! The iWatch is coming!
Reports: Apple's wrister to have 1.5-inch OLED, test units being built
US boffin builds 32-way Raspberry Pi cluster
Beowulf cluster built for the price of a single PC
Dell's PC-on-a-stick landing in July: report
Wyse up, suckers, could this be a new set-side-stick?
Review: HP Pavilion 14 Chromebook
All roads lead to Chrome?
Borked your iDevice? Pay EVEN MORE to have it fixed by Applecare
Or scream at their hapless techies on their forums
Review: Sony Xperia SP
The new mid-range marvel? Oh yes.
Euro PC shipments plummet into bottomless pit of DOOOOM
11th quarter of decline, 20pc drop on last year - Gartner
Microsoft reveals Xbox One, the console that can read your heartbeat
Upgrades Live service – and no always-on requirement