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 BrandPost The future of trust—no more playing catch up Broadcom: 2023 Tech Trends That Transform IT By Eric Chien, Director of Security Response, Symantec Enterprise Division, Broadcom Mar 31, 2023 5 mins Security BrandPost TCS gives Blackhawk Network an edge with Microsoft Cloud In this case study, Blackhawk Network’s Cara Renfroe joins Tata Consultancy Services’ Rakesh Kumar and Microsoft’s Nilendu Pattanaik to explain how TCS transformed the gift card company’s customer engagement and global operati By Tata Consultancy Services Mar 31, 2023 1 min Financial Services Industry Cloud Computing IT Leadership BrandPost How TCS pioneered the ‘borderless workspace’ with Microsoft 365 Microsoft’s modern workplace solution proved a perfect fit for improving productivity and collaboration, while maintaining security of systems and data. By Tata Consultancy Services Mar 31, 2023 1 min Financial Services Industry Microsoft Cloud Computing BrandPost Supply chain decarbonization: The missing link to net zero By improving the quality of global supply chain data, enterprises can better measure their true carbon footprint and make progress toward a net-zero business ecosystem. By Tata Consultancy Services Mar 31, 2023 2 mins Retail Industry Supply Chain Green IT 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