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Technology Stocks : ADI: The SHARCs are circling!
ADI 320.31+2.9%Feb 4 3:59 PM EST

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To: Jim Oravetz who wrote (2868)10/24/2006 12:57:41 PM
From: Jim Oravetz  Read Replies (1) of 2882
 
"Master of the Options Universe: ADI"

That's what BUSINESS WEEK called ADI in an article last week examing company option practices. "Not only has it used each and every trick in the book, its profits have gotten a bigger boost from several controversial techniques than all but a handfull of companies", the magazine wrote.

An ADI spokeswoman defended the practices. In a settlement with the SEC, ADI has paid $3M and reprice some options, and CEO J. Fishman was fined $1M as well, but the deal was never finalized . In May, the US Attorney also began probing the same issues.
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