Thursday, June 15, 2006

More than 40 companies implicated in backdating of stock options


Monster Worldwide Inc. and Broadcom Corp. are among at least five companies that disclosed inquiries into whether they improperly dated stock options, bringing the number of companies involved in the probe to more than 40.

Equinix Inc., Cyberonics Inc. and Applied Micro Circuits Corp. also announced investigations. Comverse Technology Inc., the world's largest maker of voice-mail software, delayed filing its first-quarter earnings and 2006 annual report as a special committee of the board carries out a review of the grants, the New York-based company said.

See full Article.