Microsoft Windows Vista Community Forums - Vistaheads
Recommended Download



Welcome to the Microsoft Windows Vista Community Forums - Vistaheads, YOUR Largest Resource for Windows Vista related information.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so , join our community today!

If you have any problems with the registration process or your account login, please contact us.

Driver Scanner

Lawsuit Claims Nvidia Execs Concealed Serious Flaw

General Technology News






Speedup My PC
Reply
  #1 (permalink)  
Old 09-10-2008
Steve's Avatar
Moderator
 

Join Date: Sep 2006
Location: Emerald Isle
Posts: 87,805
Steve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant future
Thanks: 24
Thanked 176 Times in 44 Posts
Lawsuit Claims Nvidia Execs Concealed Serious Flaw
snydeq writes "A lawsuit filed in a California court on Tuesday alleges Nvidia concealed the existence of a serious defect in its graphics-chip line for at least eight months 'in a series of false and misleading statements made to the investing public.' The lawsuit contends that Nvidia CEO Jen-Hsun Huang and CFO Marvin Burkett knew as early as November 2007 about a flaw that exists in the packaging used with some of the company's graphics chips that caused them to fail at unusually high rates. Nvidia publicly acknowledged the flaw on July 2, when it announced plans to take a one-time charge of up to $200 million to cover warranty costs related to the problem. That announcement caused Nvidia's stock price to fall by 31 percent to $12.98 and reduced the company's market capitalization by $3 billion, the lawsuit said. The lawsuit seeks class-action status against Nvidia and unspecified damages."http://slashdot.org/slashdot-it.pl?f.../09/10/1554215
Read more of this story at Slashdot.



More...
Reply With Quote
Sponsored Links
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Nvidia hit with securities lawsuit over bad graphics chips Steve Security News 0 09-10-2008 18:10
Lawsuit claims Nvidia hid serious flaw in graphics chips Paul Security News 0 09-10-2008 18:10
NVIDIA slapped with securities lawsuit Steve Security News 0 09-10-2008 16:30
OpenID at risk due to DNS flaw, claims researcher Steve Security News 0 08-23-2008 02:30
Oracle to expand SAP lawsuit, may target execs Paul Security News 0 04-18-2008 18:40




All times are GMT +1. The time now is 22:37.




Driver Scanner - Free Scan Now

Vistaheads.com is part of the Heads Network. See also XPHeads.com , Win7Heads.com and Win8Heads.com.


Design by Vjacheslav Trushkin for phpBBStyles.com.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 RC 2

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120