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InternetNews May 31, 2007 Clint Boulton |
SEC Settles Backdating Cases With Mercury, Brocade The Securities and Exchange Commission settled stock-option backdating cases with Mercury Interactive and Brocade Communications Systems totaling $35 million. |
InternetNews October 4, 2006 David Needle |
Jobs Knew of Backdating Apple Computer released results today of an investigation into the backdating of stock option grants, saying it found that CEO Steve Jobs was aware of the practice. |
InternetNews August 4, 2006 Clint Boulton |
Apple Stock Option Probe Escalates Apple Computer Inc. said it may have to restate past financial results after uncovering additional accounting regularities during its internal investigation into stock option grants. |
InternetNews April 24, 2007 Michael Hickins |
SEC Charges Former Apple Attorney With Fraud SEC levies fraud charges at Apple's former general counsel and settles with its former CFO in connection with a stock options backdating scandal. |
InternetNews December 27, 2006 Michael Hickins |
Monster Adds Options Investigator to Board Monster Worldwide has added a former SEC commissioner to its roster of directors looking into options backdating practices. |
InternetNews December 15, 2006 Ed Sutherland |
Apple to Delay Filing Annual Report Apple Computer became the latest tech company to file an IOU with the Securities and Exchange Commission. |
InternetNews November 22, 2006 Catherine Pickavet |
VeriSign to Restate $250M Following Options Probe Internet security company VeriSign will be forced to restate as much as $250 million in earnings during 2001 to 2005 and part of 2006 due to what it termed "incorrect measurement dates" and other administrative blunders. |
InternetNews December 29, 2006 Ed Sutherland |
Apple Voices Support For Jobs in Options Probe Apple admits it will have to adjust earnings dating back to 2002. |
InternetNews June 30, 2006 Ed Sutherland |
Apple Joins Widening Stock Option Probe Apple has joined a growing list of companies to find themselves involved in a widening probe into controversial practices involving stock option grants. |
The Motley Fool January 17, 2007 Rich Duprey |
Digital River Bound for Rough Waters? The e-commerce outsource provider may have lurking backdating concerns. Investors, take note. |
InternetNews December 19, 2006 Ed Sutherland |
SEC Launches Formal Investigation of Broadcom Chipmaker Broadcom said it is the focus of a formal Securities and Exchange Commission investigation into improperly dated stock option grants. |
CFO January 10, 2007 Alix Nyberg Stuart |
Insult to Injury Already bruised by backdating scandals, companies may face an unexpected tax hit as well. |
InternetNews September 21, 2007 David Needle |
Steve Jobs to Testify in Backdating Case Apple CEO Steve Jobs has reportedly been subpoenaed by the Securities and Exchange Commission to testify in a stock-options back-dating case against Apple's former general counsel, Nancy Heinen. |
InternetNews July 13, 2006 |
Feds Eye Bay Area Tech in Options Scandal The U.S. Attorney for the Northern District of California is looking into allegations that several Bay area companies abused the practice of timing stock options; something of a tradition in the tech industry. |
The Motley Fool March 29, 2007 Nathan Parmelee |
Quick Take: Costco's CEO Makes Things Right The retailer and its management team have once again proven the company takes its duty to shareholders seriously. CEO James Sinegal returned his ill-gotten stock-option gains. |
InternetNews July 21, 2006 Ed Sutherland |
Former Brocade Execs Charged in Stock Scandal Brocade becomes just the latest caught in the stock options mess. Feds say the company fraud cost investors millions. |
The Motley Fool January 8, 2007 Rich Duprey |
Foolish Forecast: Scandal Saps Sapient's Strength The business software and services provider will report preliminary third-quarter 2006 financial results because the company still has not completed its stock-option backdating review. |
BusinessWeek June 18, 2007 Dawn Kopecki |
Backdating: Why Penalties Are Puny The SEC considers options violations less serious than other kinds of financial fraud. |
InternetNews July 5, 2006 David Needle |
Courts Pick Apple in Stock Options Probe Apple said it's been notified of derivative lawsuits filed against it in the United States District Court for the Northern District of California and the Superior Court for Santa Clara County. |
InternetNews June 5, 2007 Clint Boulton |
IBM, SEC Come to Terms Over Financial Gripe IBM settled with the Securities and Exchange Commission today for issuing misleading statements about the impact of employee stock options on its 2005 earnings. |
BusinessWeek July 10, 2006 Jane Sasseen |
A Board With Its Back To The Wall UnitedHealth directors aren't ready to oust embattled CEO McGuire. Here's why. |
InternetNews August 23, 2006 Clint Boulton |
Sympathy For Stock Option Backdaters? Whatever you want to call the chowder pot of stock option backdating cases, it still boils down to sketchy accounting. |
InternetNews December 13, 2006 Ed Sutherland |
Monster Takes $339M Stock Options Charge Monster Worldwide, the parent company of online job site Monster.com, said it will take a $339.6 million charge to pay for stock-option grants that former employees "intentionally" recorded incorrectly between 1997 and March 31, 2003. |
The Motley Fool August 30, 2006 Rich Duprey |
Meade Zooms In on Options The telescope maker finds stock-option errors but says they're not related to backdating scandals. When the company gets around to finally filing its revised financial statements, let's hope shareholders aren't knocked so badly that they're seeing stars. |
The Motley Fool January 3, 2007 Rich Duprey |
McAfee Orders a Recount The security software maker reprices backdated stock options. The total cost to McAfee -- and shareholders -- is currently unknown. |
BusinessWeek October 30, 2006 Peter Burrows |
In The Valley, Scars That Could Last A Long Time Not a day seems to pass without an announcement that a company has dug up options bookkeeping misdeeds and is firing top executives and restating financials. |
InternetNews July 25, 2006 Clint Boulton |
HP Lands on Mercury For $4.5B HP CEO Mark Hurd says the deal to purchase Mercury Interactive Corp. will make HP a management 'software powerhouse.' |
BusinessWeek June 26, 2006 Jane Sasseen |
Another Dodgy Way To Dole Out Options Grants intentionally timed to good news are becoming the focus of greater scrutiny. |
The Motley Fool December 29, 2006 Anders Bylund |
Apple Gets Back to Business Apple puts to rest one of the many stock options scandals. Investors can get back to timely and complete earnings releases when the first quarterly report of fiscal 2007 comes due in a couple of weeks. |
The Motley Fool June 12, 2006 Anders Bylund |
Options Inquiry Weighs on Openwave A beleaguered cell-phone software maker faces lawsuits for wrongs as-yet unproven. For now, investors must wait and see what the internal and external investigations find in Openwave's books. |
The Motley Fool December 19, 2006 David Lee Smith |
Monster's Monstrous Contretemps The job-listing service is the latest to join the backdating club. So where will this stock-option dishonesty lead us? Most of the companies besmirched by stock-option dating irregularities have seen their share prices remain generally unaffected. |
The Motley Fool April 20, 2006 Rich Duprey |
Backdating Battle The SEC investigates stock option backdating at a dozen companies. Should the investigations uncover actual proof of wrongdoing at these or other companies, not only should the executives be held accountable for their actions, but the boards of directors should be punished as well. |
The Motley Fool December 15, 2006 Rich Smith |
Foolish Forecast: Hoping for Progress The beleaguered software maker steps up to the plate to deliver its earnings report for fiscal fourth-quarter and full-year 2006. Investors, take note. |
The Motley Fool June 26, 2006 Rich Duprey |
Altera Backpedals on Backdating Options backdating forces the programmable chip maker to restate 10 years of financials. Investors, beware. |
The Motley Fool July 3, 2006 Rich Duprey |
KLA's Optional Disclosure The chip manufacturer waits for a long weekend to announce the results of an options probe. The ultimate cost to the company and the amount of restating that will have to take place will likely be significant. Investors, take note. |
InternetNews August 18, 2006 Clint Boulton |
Comverse Fires Former Execs Over Options Scandal Comverse Technology has fired three of its top executives a week after they were charged with conspiracy to commit securities fraud, mail fraud and wire fraud. |
InternetNews November 21, 2007 Sean Gallagher |
Judge Nixes Apple Option-Backdating Suit Apple may be closer to clearing charges stemming from its post-dating of stock options, following a federal judge's dismissal this week of a lawsuit against the company. |
The Motley Fool August 2, 2007 Lawrence Rothman |
TurboChef Wastes Fuel Marketing costs and an SEC inquiry sap money from the cooking-systems company. Investors, take note. |
The Motley Fool June 30, 2006 Rick Aristotle Munarriz |
Backdating Scandal Bites Apple Apple may "think different" when it comes to accounting practices, too. The company announced that an internal investigation led to the uncovering of mishandled stock option grants between 1997 and 2001. Investors, take note. |
The Motley Fool January 18, 2007 Rich Duprey |
A Monster of a Problem Prosecutors scrutinize the job search site over stock-option backdating allegations. What does it mean to investors? |
InternetNews January 13, 2006 Clint Boulton |
SEC is Probing IBM Earnings The Securities and Exchange Commission's investigation into IBM's first-quarter 2005 accounting practices is now official. |
The Motley Fool December 22, 2006 Rich Smith |
Progress at Last? The significant news this week is that software maker completed its review of historical stock options grants, filed its restated financials with the SEC, and laid bare its stock options story in astonishingly frank detail. Investors, take note. |
InternetNews December 27, 2006 Michael Hickins |
Apple's 'Pretty Big Scheme' May Include Forgery Investigators may have found the smoking gun proving that officials at Apple willfully broke the law when they backdated option grant dates. |
InternetNews August 9, 2006 Roy Mark |
Stock Options Scandal Hits Comverse Federal authorities charge Comverse Technology's former CEO and two others with criminal and civil complaints. |
The Motley Fool October 24, 2006 Seth Jayson |
Ceradyne Cooks More Than Ceramics There was options backdating, but "no intentional misconduct?" Baloney. Shareholders deserve better. |
InternetNews February 28, 2007 Ed Sutherland |
Former McAfee Exec. Facing Options Charges McAfee's former general counsel is facing a seven-count federal fraud indictment over stock option grants in 2000 and 2002. |
The Motley Fool October 5, 2006 Seth Jayson |
Apple: Rotten at the Core Apple's board whitewashes its options scandal. Big surprise. Apple's board ought to step up here. Jobs' admitted knowledge of cherry-picked grant dates -- it's clear that something other than a pain-free apology is in order. |
The Motley Fool July 28, 2006 Anders Bylund |
SEC's Positively Foolish Option Accounting Rules New SEC rules may put a stop to backdating scandals. |
InternetNews August 11, 2006 Andy Patrizio |
Apple Will Miss SEC Filing Deadline Apple Computer on Friday said it will request a hearing before the Nasdaq listing qualifications panel in response to a notification that it could be delisted from the Nasdaq board. |
CFO January 1, 2008 Alix Stuart |
Refusing to Roll Over One CFO refuses to settle with the Securities and Exchange Commission over accusations of backdating. |