The New QLogic (ANCR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: w2j2 who wrote (29361)	7/20/2006 4:17:04 PM
From: Greg Hull	Read Replies (1) of 29386

<<Ancor Veterans: Do you remember Greg Reyes? The Brocade CEO who used every dirty trick to undercut Ancor whenever we had an OEM deal? Check this out! yahoo.businessweek.com >> Here's a follow-up ========================================================== US SEC sues ex-Brocade CEO Reyes on stock options Thu Jul 20, 2006 3:36pm ET Email This Article \| Print This Article \| Reprints [-] Text [+] WASHINGTON, July 20 (Reuters) - The U.S. Securities and Exchange Commission said on Thursday it filed a complaint in federal court charging Gregory Reyes, former chief executive of Brocade Communications Systems Inc. (BRCD.O: Quote, Profile, Research), with misconduct linked to stock option grant practices. In the first civil charges to emerge from the unfolding options timing scandal, the SEC alleged that from 2000 to 2004, Brocade concealed millions of dollars in expenses from investors and overstated its income by falsifying records relating to employee stock option grants. "The fraudulent scheme was orchestrated by former chief executive officer Gregory L. Reyes, who routinely backdated documents and evaded rules requiring Brocade to publicly report these compensation expenses," the SEC alleged in its complaint filed in U.S. District Court for the Northern District of California in San Jose. © Reuters 2006. All Rights Reserved.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next