Wind River failed to meet a deadline for reporting its second-quarter earnings, and could be dropped from the NASDAQ stock exchange, according to an Associated Press (AP) report. However, the company will likely be able to state its results in time to avoid expulsion, the wire service noted.

Chip giant Nvidia also failed to meet its reporting deadline, and faces similar possible consequences, the AP story said.

Wind River's earnings report for Q2 was delayed by an internal audit of the company's stock options program. The audit was initiated by the company's board of directors, rather than in response to an external investigation, the company said at a preliminary earnings call on Aug. 31.

During its preliminary call, Wind River shared highly positive revenue figures, while saying it would wait for accounting firm KPMG to finish the options audit before disclosing revenue figures for the quarter.

On Sept. 15, Wind River issued a statement indicating that it was working on completing the required filing.

According to AP, many technology companies are currently auditing their own stock option programs, in response to ongoing investigations by the U.S. SEC (Security Exchange Commission) of about 100 companies suspected of manipulating their stock option programs.

Other companies currently involved in voluntary audits include Apple, Cnet Networks, Juniper Networks, Rambus, and VeriSign, according to AP.

Server and desktop Linux-maker Novell Inc., which reportedly will launch a “real-time” version of Linux in October, faces a similar situation.

 
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