Here's another list of stinky option grants in the semi area. Practically the whole industry, save for the giants AMD, Intel, is on the list:
Stocks mentioned in the Article:
finance.yahoo.com
reed-electronics.com
Taking Stock: The Unfolding Stock Option Investigation
Staff Reporter -- Electronic News, 7/14/2006
Electronic News continues to follow the fallout of companies re-examining their stock options granting practices and has collected news stories accounting the events of this ongoing controversy.
Broadcom to Record $750M in Stock Option Expenses 7/14/2006
Broadcom plans to restate results for the past five years and record additional noncash expenses in excess of $750 million related to stock option granting.
Apple Discovers Stock Option Irregularities 6/30/2006
Add consumer electronics giant Apple to the list of companies tainted with stock options-related trouble. An investigation at the company reveals questionable option granting between 1997 and 2001.
KLA-Tencor Finds Stock Option Date Errors 6/30/2006
The San Jose-based capital equipment provider has also found problems in that actual measurement dates for financial accounting purposes of certain stock option grants issued in prior years likely differs from the recorded grant dates of such awards.
More Stock Troubles for Linear 6/29/2006
The United States Attorney's Office for the Northern District of California has requested information on the analog IC manufacturer’s practices and procedures regarding its past stock option grants
Asyst Served with Subpoena 6/29/2006
Trouble continues to brew at Asyst Technologies, one of the many companies involved in the on-going semiconductor industry controversy regarding the alleged backdating of stock options.
AMCC Served Stock Subpoena 6/28/2006
AMCC has received a subpoena requesting documents relating to the company's stock option granting practices from the U.S. Attorney for the Northern District of California and has been contacted by the U.S. Attorney for the Southern District of California, which opened its own investigation into the company's stock option practices.
Rambus To Restate Earnings 6/27/2006
The IP company said its internal investigation into its options granting practices has revealed some errors in dating that may result in financial restatements that could lower earnings.
Vitesse Faces Delisting 6/27/2006
In more bad news for the company, Vitesse Semiconductor will be delisted from the Nasdaq as of the opening of the market on June 28.
Altera's Internal Investigation Reveals Errors 6/21/2006
The programmable logic technology company said that it expects to restate its financial statements for the last ten years after an internal investigation's preliminary results revealed potential problems with stock option grants and dating.
Another Exec Bites the Stock Options Dust 6/20/2006
There’s no silver lining for Thomas P. Dunne, founder of SteelCloud, the latest company to be hit by the ongoing stock option granting practices controversy.
SEC Investigates Linear 6/16/2006
Following suits files against Linear executives, more questions about the analog company’s stock option granting practices rise to the surface, this time from the Securities and Exchange Commission.
Semtech Comes Under Stock Fire 6/15/2006
The semiconductor supplier is mired with trouble related to its allegedly questionable stock option granting practices and, admitting possible Nasdaq delisting, has delayed the filing of its Form 10-Q for the fiscal quarter ended April 30 past the extended June 14 due date.
Xilinx, Maxim Subject of More Stock-Option Litigation 6/15/2006
In the latest rash of stock-option-related lawsuits, a second suit is filed against Xilinx, and another against Maxim, following the SEC’s announcement that it is investigating the company.
Asyst Delays 10-K Filing 6/14/2006
The company said it will delay filing its Form 10-K with the SEC as it completes an internal investigation of its stock option grants.
SEC Looks at Broadcom 6/12/2006
The SEC is conducting an informal inquiry of the company based upon media reports, making Broadcom the latest semiconductor company to be questioned by the federal agency about stock option granting practices.
Maxim Faces SEC Investigation 6/8/2006
Maxim Integrated Products has been contacted by the U.S. Securities and Exchange Commission regarding an informal inquiry relating to its past stock option grants and practices.
Xilinx Execs Sued Over Options 6/8/2006
The board of directors and certain officers at Xilinx are the subjects of legal action taken over the backdating of stock options.
M-Systems Investigates Stock Practices, Postpones Offering 6/1/2006
M-Systems says it cannot proceed at this time with a previously announced stock offering as it has launched an internal probe into its prior stock option grants.
Brooks Sued by Shareholders 6/01/2006
The lawsuit, which alleges breaches of fiduciary duties and unjust enrichment in connection with certain prior stock option grant practices, is the latest scar on the Chelmsford, Massachusetts-based company’s record.
Rambus Examines Stock Option Practices 5/31/2006
Rambus has become the latest in a chain of semiconductor companies to face an investigation of its stock option granting practices.
SEC Investigates KLA-Tencor 5/31/2006
The Securities Exchange Commission has launched an informal investigation into microchip equipment maker KLA-Tencor's stock option granting practices.
AMCC Reviews Stock Option Practices 5/31/2006
The Sunnyvale, Calif.-based networking chip supplier has its stock option practices under review in a proactive and voluntary move.
Options Grant Review at Altera to Cost Millions 5/30/2006
In its mid-quarter update the programmable logic company reaffirmed that Q2 sales will be 7 percent to 10 percent above Q1's $292.8 million, but added that it expects several million dollars of additional expenses from the cost of investigating its stock options grants.
SEC Looks into Altera’s Books 5/26/06
Altera’s internal investigation of its stock options granting practices has turned into an SEC matter. The company further faces a subpoena from the office of the United States Attorney for the Northern District of California relating to the granting of stock options.
Linear Target of Shareholder Suits Over Options 5/26/06
The analog chipmaker said that two stockholder suits have been filed against it in U.S. District Court over alleged options backdating, and added that it planned to vigorously defend itself against any claims of wrongdoing.
KLA-Tencor Forms Committee to Investigate Stock Option Practices 5/25/2006
Reacting to subpoenas, KLA-Tencor appoints a special committee of independent directors to conduct an internal investigation relating to past stock options granted to employees during the 1995 to 2001 timeframe.
Analog Devices Receives Subpoena 5/24/2006
Analog Devices Inc. becomes the latest company to face inquiries about its stock options practices.
Shareholders Sue Maxim Over Options 5/24/2006
Upping the ante of repercussions from the recent scandals surrounding option grants and pricing, shareholders have filed suit against Maxim Integrated Products and certain officers and directors of the company.
Six More Semi Companies Under Options Scrutiny 5/23/2006
Merrill Lynch has identified six semiconductor companies with suspicious stock options grants and pricing patterns in a new report it issued this week.
Brooks Automation Receives Subpoena 5/23/2006
The stock options mess continues to expand at Brooks as the company now faces a grand jury document subpoena requesting records pertaining to the granting of stock options.
KLA-Tencor Comes Under Options Microscope 5/22/2006
The company has been served by the U.S. Attorney's office in its ongoing investigation of options backdating.
SEC, U.S. Attorney Turn Up Heat on Vitesse 5/19/2006
In a week that already marked the firing of its CEO, CFO and an executive VP, Vitesse Semiconductor Corp. announced that it is now under investigation by the U.S. Securities and Exchange Commission and U.S. Attorney's office in New York.
Altera Faces Delisting Threat 5/18/2006
With an internal investigation underway into historical stock option grants, Altera had delayed filing its quarterly report; now Nasdaq says that delay is violating the stock exchange's rules and Altera must request a hearing to avoid delisting.
Brooks Note Holders Look to Cash In 5/18/2006
Brooks Automation Inc. felt more of the ramifications of its delayed quarterly report filing this week as it received notification that it was in breach of its obligations to certain note holders.
Vitesse Dumps CEO, CFO, VP 5/17/2006
Amid its growing turmoil, Vitesse Semiconductor fires its CEO, CFO and an executive VP, replacing the CEO and CFO immediately, and admits further issues with its credit facility.
International Rectifier to Correct Cash Flow Statements 5/16/2006
Following a review of its financial statements, the chip provider must refile its fiscal Q1 and Q2 to be in compliance with SFAS No. 123R rule.
Brooks Restates Financials Due to Stock Option Missteps 5/12/2006
In light of recent investigations in semi companies’ stock option practices, Brooks Automation will restate its financials from fiscal years 1999 through 2005. .
Altera Reviews Stock Option History 5/9/2006
Altera joins a growing list of companies double checking its stock option practices and issues concerning options granted, and, in doing so, says it will be unable to file its Form 10-Q for Q1 by the May 10 deadline.
Power Integrations Involved in Stock Options Snafu 5/5/2006
The power conversion analog IC supplier’s chairman and CFO resign as an internal investigation reveals discrepancies over recorded and actual stock option grant dates.
More Trouble for Vitesse 5/1/2006
Vitesse Semiconductor is being sued by shareholders after announcing some of its previous financial statements should not be relied upon.
Vitesse Financial Statements May Be Inaccurate 4/27/2006
The Camarillo, Calif.-based communications chip provider says its recent Q1 results as well as the last three years of financial statements may not be accurate.
Stay tuned to Electronic News for continuing coverage of the semiconductor industry’s stock option investigations. |
