Broadcom will record noncash expenses of more than US$750 million as it restates financial results back to 2000 because an internal review has found accounting problems with stock-option grants to employees, the company said Friday.No problems with grants to senior executives, board members or company founders have been discovered so far, the microchip maker said. Some 95 percent of stock options granted since the company went public in 1998 have gone to employees other than those at the company’s top.Most of the additional expenses will be recorded for 2000 and 2003, the company said. The expenses will not affect Broadcom’s cash balance, financial operations or its shareholders, the company said. The company expects to restate financials for 2000-2005 as for the first quarter of 2006. Other publicly traded companies have been investigated of late for allegations that stock-option prices particularly benefited top executives, while some companies also have been probed for allegedly improperly accounting for stock-option costs.Shares of Broadcom (BRCM) were trading up at $28.78 in Friday midmorning trading on the Nasdaq exchange. Broadcom makes networking semiconductors.-Nancy Weil, IDG News Service (Boston Bureau)Related Links: Stock-Option Grant Task Force Launched by U.S. Attorney U.S. Authorities Expand Stock-Grants ProbeCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature 4 remedies to avoid cloud app migration headaches The compelling benefits of using proprietary cloud-native services come at a price: vendor lock-in. Here are ways CIOs can effectively plan without getting stuck. By Robert Mitchell Nov 29, 2023 9 mins CIO Managed Service Providers Managed IT Services case study Steps Gerresheimer takes to transform its IT CIO Zafer Nalbant explains what the medical packaging manufacturer does to modernize its IT through AI, automation, and hybrid cloud. By Jens Dose Nov 29, 2023 6 mins CIO SAP ServiceNow feature Per Scholas redefines IT hiring by diversifying the IT talent pipeline What started as a technology reclamation nonprofit has since transformed into a robust, tuition-free training program that seeks to redefine how companies fill tech skills gaps with rising talent. By Sarah K. White Nov 29, 2023 11 mins Diversity and Inclusion Hiring news Saudi Arabia will host the World Expo 2030 in Riyadh By Andrea Benito Nov 28, 2023 4 mins Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe