XILINX INC: Awaiting Appeals Court Ruling over IRS Action

Xilinx, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that it continues to defend against an action initiated by the Internal Revenue Service.

The IRS audited and issued proposed adjustments to…

XILINX INC: Appeal in IRS Action on Compensatory Stocks Pending

Xilinx, Inc. says that a Notice of Appeal filed by the Internal Revenue service is pending in the U.S. Court of Appeal for the Ninth Circuit.

On Aug. 25, 2006, the IRS appealed an Aug. 30, 2005 decision of the Tax…