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Strategies & Market Trends : Option Granting Practices and exploits
AAPL 270.37-0.4%Oct 31 9:30 AM EST

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To: Glenn Petersen who wrote (77)11/17/2006 1:05:17 PM
From: RockyBalboa   of 165
 
Embarcadero Tech shares fall on expanded options review

SAN FRANCISCO (MarketWatch) -- Embarcadero Technologies Inc. (EMBT: 7.04, -0.54, -7.1%) shares fell 7% to $7.04 in Friday morning trade after the San Francisco-based data management company said it was expanding the scope of its review of its stock option granting practices. Embarcadero said it may have to restate its financial results to record additional non-cash charges for stock-based compensation expense relating to the measurement dates of certain stock option grants. In addition, the company said it is unsure what impact the options review will have on its proposed merger. Embarcadero has agreed to be acquired by private equity firm Thoma Cressey Equity Partners for $234 million.
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