art chip manufacturer Nvidia found some irregularities in past breed - based compensation practices during an intimate probe , and took a amount of US$ 127 million in non - cash thrill over associated expense , the company said Wednesday .
The figure fell within the $ 150 million charge Nvidia tell it might have to take .
The company also improve financial results for its fiscal class 2006 and the first two quarter of 2007 as a answer of the internal investigation . The non - cash guardianship and amendments to late fiscal statements ends its internal probe , but an inquiry by the Securities and Exchange Commission ( SEC ) remains ongoing , Nvidia said .
The restated salary write up did not have a substantial impact on Nvidia ’s operating results , it say . The company plans to collaborate in full with the SEC .
A turn of technology companies have launch reviews over lineage - base recompense to employees , finding instance in which stock options have been dated back to a time when the stock had strike a low . The drill is unjust to shareholders and was made almost insufferable to legally execute by Sarbanes - Oxley , and for good grounds . Stock options were design as a agency for employee to share in the success of the companionship and give them an added motivator . But by back - go out the options , employees — often executive — were essentially given part that were already valuable .
So far , stock pick probes , carry out either by companies themselves or by the SEC , have pretend over 160 companies . Investigations at memory chip developer Rambus and security software vendor McAfee have lead to the surrender or fire of top executive .
Apple Computer Inc. could be kicked off the Nasdaq by Dec. 29 if it fails to submit its SEC Form 10 - Q for the one-fourth ended 1 July 2006 , and any required restatement linked to its stock options probe by that fourth dimension . Other company have faced stockholder suit over the issue .
