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Strategies & Market Trends : Option Granting Practices and exploits -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (30)	8/18/2006 4:05:56 PM
From: RockyBalboa	Respond to of 165

FFIV - F5 Networks Gets Nasdaq Listing Warning Wednesday August 16, 7:04 am ET F5 Networks Gets Nasdaq Staff Determination Letter for Failing to File 3Q Report on Time SEATTLE (AP) -- F5 Networks Inc., a maker of products that manage Internet traffic, has received a non-compliance letter from Nasdaq warning of potential delisting from the exchange because the company failed to file its third-quarter earnings report on time. In July the company said it would restate earnings for the past five years and delay its quarterly filing due to issues with past stock options grants. The company said its review of options grants has identified at least one occasion in which stock options dates don't mesh with accounting rules. F5 said it plans to restate earnings for fiscal years 2001 through 2005 and the first two quarters of 2006, and release third-quarter earnings when the investigation is complete. Late Tuesday, F5 said it will request a hearing with a Nasdaq panel to review the staff determination. The request will stay the suspension of its securities pending a panel decision, allowing shares to continue to trade on the global market in the meantime. There is no guarantee the panel will grant F5's request for continued listing. F5 Networks shares closed Tuesday at $41.86. ------------------------------------------------- EDIT: I shorted today. FFIV just hit 50, as te Aug options expired.

To: Glenn Petersen who wrote (30)	8/30/2006 5:17:57 PM
From: RockyBalboa	Respond to of 165

bizjournals.com Options reviews feed record high in late SEC filings Wednesday August 23, 5:38 pm ET In the second quarter, 138 companies with market capitalization of at least $75 million were late filing their financial reports with the Securities and Exchange Commission, according to a report released Wednesday. Research firm Glass, Lewis & Co. said the previous record was just a quarter ago, when 120 companies were late with their filings. The delays, due primarily to companies conducting internal reviews of their stock options procedures and, in some cases, facing outside investigation. The late filings were up 52 percent in the second quarter compared with the same period last year, the report said. In all, the report said, 48 companies reported delays in their reports because of stock option investigations. About a dozen local companies have become embroiled in the problem, and companies reporting late filings in recent days included local heavyweights such as Cupertino-based Apple Computer Inc. (NASDAQ:AAPL - News), Santa Clara-based McAfee Inc. (NASDAQ:MFE - News), San Jose-based Sanmina-SCI Corp. (NASDAQ:SANM - News), and Los Altos-based Rambus Inc. (NASDAQ:RMBS - News). Published August 23, 2006 by the Silicon Valley/San Jose Business Journal biz.yahoo.com