Today’s featured guest: Silicon Storage Technology of Sunnyvale. In an 8-K filed Tuesday, the company said it would be restating its results for the period between 1997 and September 2006. That only covers just about every earnings related filing the company has made since it went public in 1995.
Why the restatements? Survey says: Possible options backdating problem.
The company, which makes memory chips, announced the review back in March, thus joining one of the least exclusive clubs around. The company hasn’t finished the review, so it can’t say how much it’ll shave off earnings. Or when it’ll complete the review. Or when it’ll file earnings statements again.
