The SEC issued the request yesterday afternoon for 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.’
A statement on the company’s web site confirms that EDS intends to cooperate fully with the SEC and that it is confident the inquiry will confirm its actions were proper.
EDS has had a bad run of late after restated third quarter profits were placed at between $58m and $74m, down from a July forecast of $364m.
Shares in the company continue to slide – a last quote put their value at $14.23 each, down 5% on the day.
At its height, EDS shares traded at $72.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice