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28-Jun-2016 17:41

26 said it expects to record noncash charges on options dating, cutting into net and operating income, with "material" results for some periods going back to 2000 after completing its stock-option backdating review.(Headlines)The Cambridge, Mass., biotechnology company disclosed on Aug.

10, 2006 that it is being investigated by the SEC for alleged options backdating.

As a result, the company expects to record additional noncash charges. 23, the company said it will restate 2005 results as well as those from the first quarter of 2006 because the actual dates of certain stock option grants "likely differ" from the recorded dates. 16, the Chandler, Ariz., provider of semiconductor assembly and test services said it has identified occasions on which the measurement date used for option awards granted to certain employees was different from the actual grant date.

It plans to restate results from fiscal 1998 through the first quarter of 2006. 15, the company said the SEC was probing its stock-option practices. 6, the company said it found evidence of intentional manipulation of stock option pricing by one former executive and some evidence that two other former executives "may have been aware of, or participated in, this conduct." It is recording extra noncash stock-based compensation expense of 6 million, after tax, for the period January 1998 to June 30, 2006.

Director Fred Anderson, who served as the company's chief financial officer from 1996 until 2004, resigned from its board of directors. On April 24, 2007, the SEC filed civil charges against Apple's former general counsel, Nancy Heinen, and former CFO Fred Anderson for their alleged involvement in backdating of stock options at Apple. Anderson settled the charge with the SEC without admitting wrongdoing.

(Options chart) (Headlines) The Sunnyvale, Calif., semiconductor company disclosed on June 27 that it received a subpoena from the U. attorney for the Northern District of California related to its stock-option practices. Attorney's Office for the Northern District of California doesn't intend to continue its investigation of the company's option-granting practices and is withdrawing its subpoena, but that it has received a subpoena from the U. Attorney's Office for the Southern District of California relating to its past options grants. 14, the company said its audit committee has concluded that Applied should have used different measurement dates for computing costs for certain stock option grants, and the company now expects to recognize up to 0 million in compensation expense beginning in fiscal year 1998, primarily relating to options awarded during fiscal years 2000 through 2002. 10, 2007, Applied said it completed its investigation and the net restatement adjustment from the investigation was .3 million, affecting fiscal years 1999 through first quarter of 2004, comprised of .2 million of stock-based compensation offset by .9 million of tax benefits.

The report, from a Lehman Brothers analyst, called the companys historical options-granting practices "highly questionable." On July 10, the company disclosed that it had received a letter from the SEC about an informal investigation into the companys stock-option grants. 3, the company said it will likely have to restate past results as a result of problems with past grants.

On May 31, Applied Micro said its audit committee is reviewing its historical stock-option grant practices, characterizing the review as voluntary and adding that it was initiated in response to recent industry issues involving stock options. 16, 2007 that it found accounting and dating problems with stock options issued to new officer employees and in a 1999 annual grant, and it would restate its past results for its fiscal years from 2000 through 2005.

But Affymetrix said the review hasn't indicated a pattern of inappropriate options dating. 9, the company filed with the SEC to delay the submission of its second-quarter report because of a restatement to its financial statements for some options granted between 19.

The company said it would restate its financial statements for 2005 and first quarter of 2006.(Headlines)The San Jose, Calif., software company on Oct.

Applied Signal expects a decrease in retained earnings for the year ended Oct.

31, 2004 by at least

31, 2004 by at least $1 million and as much as $1.7 million. 23, 2006 the Austin, Texas, medical-device maker said it has received correspondence from the SEC requesting certain documents and information related to its option grant practices.

On May 8, 2006, Altera said its board ordered an independent review of "historical stock-option practices and related accounting." The special probe followed a management review sparked by media reports that raised questions about options practices at other companies, Altera said. 16, 2006, the company said it completed its internal probe, found misdated options, sees restatement adjustments totalling $47.6 million pretax, and said its CFO was retiring. 20, 2007 the company said the SEC ended its probe of the company's stock-options practices and won't recommend any enforcement action.

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31, 2004 by at least $1 million and as much as $1.7 million. 23, 2006 the Austin, Texas, medical-device maker said it has received correspondence from the SEC requesting certain documents and information related to its option grant practices.On May 8, 2006, Altera said its board ordered an independent review of "historical stock-option practices and related accounting." The special probe followed a management review sparked by media reports that raised questions about options practices at other companies, Altera said. 16, 2006, the company said it completed its internal probe, found misdated options, sees restatement adjustments totalling $47.6 million pretax, and said its CFO was retiring. 20, 2007 the company said the SEC ended its probe of the company's stock-options practices and won't recommend any enforcement action.

million and as much as

31, 2004 by at least $1 million and as much as $1.7 million. 23, 2006 the Austin, Texas, medical-device maker said it has received correspondence from the SEC requesting certain documents and information related to its option grant practices.

On May 8, 2006, Altera said its board ordered an independent review of "historical stock-option practices and related accounting." The special probe followed a management review sparked by media reports that raised questions about options practices at other companies, Altera said. 16, 2006, the company said it completed its internal probe, found misdated options, sees restatement adjustments totalling $47.6 million pretax, and said its CFO was retiring. 20, 2007 the company said the SEC ended its probe of the company's stock-options practices and won't recommend any enforcement action.

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31, 2004 by at least $1 million and as much as $1.7 million. 23, 2006 the Austin, Texas, medical-device maker said it has received correspondence from the SEC requesting certain documents and information related to its option grant practices.On May 8, 2006, Altera said its board ordered an independent review of "historical stock-option practices and related accounting." The special probe followed a management review sparked by media reports that raised questions about options practices at other companies, Altera said. 16, 2006, the company said it completed its internal probe, found misdated options, sees restatement adjustments totalling $47.6 million pretax, and said its CFO was retiring. 20, 2007 the company said the SEC ended its probe of the company's stock-options practices and won't recommend any enforcement action.

.7 million. 23, 2006 the Austin, Texas, medical-device maker said it has received correspondence from the SEC requesting certain documents and information related to its option grant practices.

On May 8, 2006, Altera said its board ordered an independent review of "historical stock-option practices and related accounting." The special probe followed a management review sparked by media reports that raised questions about options practices at other companies, Altera said. 16, 2006, the company said it completed its internal probe, found misdated options, sees restatement adjustments totalling .6 million pretax, and said its CFO was retiring. 20, 2007 the company said the SEC ended its probe of the company's stock-options practices and won't recommend any enforcement action.