CSC Delays Quarterly Filings Due To Options Probe

"At this time the company is unable to determine if there will be any significant changes in results of operations" due to the probe, CSC said in a document filed Thursday with the Securities and Exchange Commission. CSC said it has not yet been able to fully calculate the accounting and tax impacts of the investigation.

CSC is one of several tech companies to be hit by accounting woes related to stock options grants. The SEC and corporate watchdogs have accused executives at a number of large technology players of intentionally backdating the purchase price of stock options to coincide with lows in their companies' share prices, a move that would let them realize maximum gains when the options are realized.

Last year, McAfee chairman and CEO George Samenuk resigned after the company found discrepancies in his stock option grants. Monster.com chairman Andrew McKelvey also stepped down because of an options probe, as did Shelby Bonnie, CEO of CNet Networks.

Apple Computer has acknowledged that CEO Steve Jobs was aware that some of his options had been backdated. But an internal board last year cleared Jobs of any wrongdoing, in part because he didn't realize any financial benefit from the backdating, Apple has said.