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Technology Stocks : The New QLogic (ANCR)

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Aug 24 5:00 PM EST

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From: Smart_Asset	8/8/2007 12:26:21 AM
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This news vindicates a lot of Ancor/Qlogic shareholders view from the 90s of Brocade/Reyes as questionable ethically. online.wsj.com <<Brocade Ex-CEO Found Guilty in Backdating Case Criminal-Trial Victory For U.S. Likely to Serve As Model for Prosecutors By STEVE STECKLOW and PETER WALDMAN August 8, 2007; Page A3 Gregory Reyes, the former chief executive of Brocade Communications Systems Inc., was convicted of securities fraud in the first criminal trial over the backdating of stock options. The verdict in U.S. District Court in San Francisco was a major victory for the government and is expected to stoke the pursuit of other executives for backdating. One of the prosecutors in Mr. Reyes's trial, Assistant U.S. Attorney Timothy P. Crudo, is involved in deciding whether to bring criminal charges over backdated options at Apple Inc.>>

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