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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (40001)	8/27/2008 6:24:12 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95617

Broadcom Co-founder Apologizes For Lying To SEC allheadlinenews.com August 27, 2008 11:12 a.m. EST Irvine, CA (AHN) - A co-founder of Broadcom Corp has issued an apology for lying to federal regulators investigating a stock backdating scheme that eventually led to a historic $2.2 billion writedown for the chipmaker. Billionaire Henry Samueli faces sentencing September 8. In a two-page written apology to U.S. District Judge Cormac Carney, who must approve a deal worked out with prosecutors, Samueli said his false statements to the Securities and Exchange Commission were opposite his usual thinking. The statement comes as Samueli looks to a government deal allowing him to get five-years of probation and pay $12 million in fines. Samueli faces sentencing on one count of false statements to the Securities and Exchange Commission. In 2007, Samueli reportedly told the SEC he did not participate with former Broadcom human resources vice president Nancy Tullos in executive stock backdating. Tullos has plead guilty to obstructing justice. Henry T. Nicholas, another Broadcom co-founder is scheduled to go to trial in 2009 on an indictment that alleges conspiracy, fraud and drug-related charges.