Novell Files to Delay 2006 Annual Report

Shane Coyle

2007-01-17 07:34:43 UTC
Modified: 2007-01-17 07:34:43 UTC

As, has been mentioned here before, Novell has a pending stock options investigation (who in the tech world doesn't these days?). It should be mentioned that Novell was already facing possible delisting from NASDAQ regarding this matter.

Recently, Novell filed to delay its 2006 annual report until its own investigation has been concluded, and stated they are unsure if any restatements would affect their recently announced preliminary fiscal-year results.

The Waltham networking services company announced Aug. 29 that it had begun looking into its option practices and had hired outside legal counsel to assist in the review.

In a Securities and Exchange Commission filing today, Novell said conclusions drawn from the review may force it to record non-cash stock compensation charges and related tax effects.

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Novell Files to Delay 2006 Annual Report

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