Maxim Integrated notes in 8-K co expects that the restatement will be completed sometime in the first calendar quarter of 2008. (MXIM) 29.69 -0.08 : Co says in 8-K, "MXIM wants to assure you that there have been no other accounting issues discovered that would otherwise trigger a restatement... The restatement is taking significantly longer than we expected primarily due to the complexity and magnitude of the project. As part of the restatement process, we are reviewing ~49,000 stock option grants that were made on over 800 different dates over a nine-year period. The Board and management team believe that MXIM's prospects for future growth and success remain very bright... We believe this outstanding performance demonstrates that the accounting issues we are now working to resolve are not impacting our business. We have taken steps to remedy the deficiencies associated with our past stock option granting practices and we are making progress on our financial restatement project. In the meantime, the members of your Board and management team remain very confident about MXIM's future.
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