EDS said in October that the SEC had requested information regarding EDS’ purchase and settlement of forward contracts related to its common stock and information regarding events leading up to its recent earnings guidance announcement.
Last autumn, the company’s share price had dropped about 65% in just a few weeks, following an unexpected profit warning and a $225m cash payment as part of a stock buyback commitment. In October, EDS said it is cooperating with the probe and its actions were proper.
Last Friday EDS said it was cooperating with the SEC.
Source: Computerwire
