Securities and Exchange Commission
has concluded its investigation of the company, and the graphics chipmaker indicated that its financial results won't be affected.
No fine or penalty was assessed against the company. Earlier this year, Nvidia and the SEC staff reached an agreement in principle to end the probe.
Under the final agreement, Nvidia, without admitting or denying any wrongdoing, agreed to avoid future violations of certain nonfraud financial reporting, books and records, and internal control provisions of the federal securities laws.
Nvidia said in February 2002 that the SEC was investigating its accounting. The company launched an internal review of its bookkeeping and eventually restated its results for fiscal 2000, fiscal 2001 and the first three quarters of fiscal 2002.
Separately, the SEC settled allegations that the former chief financial officer of Nvidia, Christine Hoberg, failed to record $3.3 million in expenses relating to a deal with a supplier, according to a published report.
Hoberg didn't admit to or deny the agency's finding,
reported. She agreed to pay about $671,700 in fines, and she was barred from serving as an officer of a public company for five years. The failure to record the expenses led to the company's gross profit being overstated by 6.4% and net income by 15.3% in the April 2000 quarter, according to the report.
Shares of Nvidia were down 13 cents to $19.19 in