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Expect More Stock Option Cases, Warn Feds
News Expect to see more legal action in the coming months against executives suspected of stock option mischief, federal officials told US senators on Wednesday. Like other forms of corporate fraud, the Department of Justice takes stock option...
[September 7, 2006, 9:55]
Autodesk Drawn Into Stock Option 'scandal'
News The stock fell three percent after Autodesk revealed that, like many other companies, it had begun a review of its stock option grant practices. Even Apple has faced an inquiry on the stock option issue.
[August 18, 2006, 13:25]
Apple Faces 'false Document' Claims
Blog Shares in Apple dropped five percent on Wednesday amid unconfirmed rumours that federal prosecutors were looking closely at "apparently falsified" stock option documents. Law.com reported that a three-month internal probe had turned up evidence...
[December 27, 2006, 15:57]
Stock-swap Programme Costs Microsoft Millions
News Hit with a stock-option transfer programme and higher payroll costs, Microsoft's server and tools business posted a hefty operating loss in the December quarter. In January, Microsoft reported earnings that topped expectations, excluding...
[February 9, 2004, 9:25]
Former CFO Quits Apple In Stock Options Probe
News Apple's investigation into stock option grants has led to the resignation of a former chief financial officer from the company's board of directors. An investigation by a special committee of Apple's board found irregularities with stock option...
[October 5, 2006, 9:10]
Novell To Share Details Of Microsoft Pact
News Novell will share details of its patent pact with Microsoft this month in a regulatory filing that has been delayed by a stock option investigation. The report has been held up by Novell's investigation into its stock option compensation practices.
[May 24, 2007, 10:45]
Siebel Offers Employees Cash For Stock
News After the tech bubble burst, many option-holders were left with so-called underwater options -- that is, the strike price is higher than the current value of the stock. Underwater options have presented a problem for tech companies that want to...
[September 2, 2002, 14:35]
Former Brocade Execs Face Stock Options Charges
News In a case with far-reaching implications for Silicon Valley, former top executives of Brocade Communications Systems are facing civil and criminal charges relating to allegations of stock option backdating.
[July 21, 2006, 8:35]
Siebel Staff: We'll Take Cash
News A stock option is underwater when the strike price is higher than the current value of the stock. Siebel Systems' employees have spoken: they'll gladly give up stock options for cold, hard cash. In a filing with the Securities and Exchange...
[October 4, 2002, 15:48]
Apple Celebrates Rosy Results
News Apple reported preliminary fiscal fourth-quarter earnings on Wednesday that easily topped analyst's expectations, but warned that its results could change once the company completes a probe into past stock option granting practices.
[October 19, 2006, 9:15]
Juniper Faces $900m Charge In Options Scandal
News On Thursday morning, Juniper announced the results of an internal investigation into its historical stock-option granting practices. The company reached a conclusion that the actual measurement dates for financial accounting purposes of numerous...
[December 21, 2006, 12:05]
Intel's Owners Want To Expense Options
News Intel will wait to adjust its stock option policy, if necessary, until after the regulations regarding expensing become clearer. Despite the loss on the options vote, Intel won a vote on a plan that will let shareholders review stock option grant...
[May 20, 2004, 9:10]
Nasdaq Warns Apple It Must Comply With Rules
News Apple said last week it would delay its quarterly filing, pending an inquiry into stock option grant irregularities. Apple is the best-known of dozens of companies that are under inquiry by either the SEC or the US Attorney's Office regarding the...
[August 14, 2006, 16:00]
Apple Defends Steve Jobs In Options Row
News The special committee, its independent counsel and forensic accountants have performed an exhaustive investigation of Apple's stock option granting practices," said former Vice President Al Gore, chair of the special committee, and Jerome York...
[December 29, 2006, 11:10]
Tate Quits Rambus Amid Stock Options Probe
News The Audit Committee of Rambus, which licenses technology to computer chipmakers, said on 19 July, 2006 that the Board of Directors had found discrepancies between the measurement dates for some stock option grants issued prior to 2006.
[August 16, 2006, 13:30]
Apple's Jobs Hit By Ex-CFO Stock Options Claims
News The practice of stock option backdating has engulfed hundreds of companies over the past couple of years, including CNET Networks, publisher of ZDNet UK. Anderson's statement came just after the Securities and Exchange Commission (SEC) filed a...
[April 25, 2007, 8:35]
McAfee Sheds Top Execs Over Earnings Probe
News The anticipated pretax, non-cash charges relate to McAfee's investigation into its stock option grant practices. In June, the US Securities and Exchange Commission began a formal probe into its stock option practices.
[October 11, 2006, 15:30]
RIM Chairman Quits Over Stock Options
News The tech industry has been gripped by stock option scandals in recent months, with a string of companies admitting that they backdated options grants. The stock option granted by RIM fell into two categories: "new hire grants" for new employees or...
[March 6, 2007, 12:11]
The Day Ahead: Amid Slide, CDNow Reprices Its Stock Options
News If an employee has options with a strike price of $10 and the stock is at $20, that option holder pockets the difference. It wasn't immediately clear where the options were initially priced, but the company said they "were set at an exercise price...
[March 31, 2000, 13:33]
Google's Share Giveaways May Have Been Illegal
News These option grants and stock issuances may have violated the Securities Act of 1933 and the state securities laws" of 18 states, including Arkansas, California and Colorado, as well as the District of Columbia, according to the filing.
[August 5, 2004, 8:20]
