SAN FRANCISCO Citing its ongoing internal investigation into historical stock options granting practices, No. 1 programmable logic supplier Xilinx Inc. said Tuesday (July 18) it would delay its fiscal first quarter earnings announcement until July 25.
Xilinx (San Jose, Calif.) had been scheduled to issue its fiscal first quarter earnings announcement Thursday. The company said the investigation into its historical option granting practices is not yet complete and that Xilinx's independent auditors are reviewing available results and making an assessment of the company's practices.
Xilinx said it would provide further information concerning the investigation July 25.
Other companies, including Xilinx's rival FPGA supplier Altera Corp., have also delayed earnings releases as a result of ongoing investigations of historical stock options granting practices. More than two dozen high-tech companies have thus far been implicated in the scandal over historical stock options granting practices.
EE Times has created an archives page containing a collection of stories chronicling unfolding events related to the stock options controversy, which has ensnared a number of companies.