Brocade backdating scandal

15 May

This has many practical benefits for e-commerce, and PGP or GPG secure communications.The company also produces ICs for carrier access equipment, audio/video processors for digital set-top boxes and digital video recorders, Bluetooth and Wi-Fi transceivers and RF receivers/tuners for satellite TV.It has many other research and development sites including Silicon Fen, Cambridge (UK), Bangalore and Hyderabad in India, Richmond (near Vancouver) and Markham (near Toronto) in Canada and Sophia Antipolis in France.

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On July 14, 2006, Broadcom announced it had to subtract 0 million from earnings due to stock options irregularities. On June 5, 2008, Broadcom co-founder and former CEO Henry Nicholas and former CFO William Ruehle were indicted on charges of illegal stock-option backdating.On September 8, 2006, the amount was doubled to

On July 14, 2006, Broadcom announced it had to subtract $750 million from earnings due to stock options irregularities. On June 5, 2008, Broadcom co-founder and former CEO Henry Nicholas and former CFO William Ruehle were indicted on charges of illegal stock-option backdating.

On September 8, 2006, the amount was doubled to $1.5 billion. On May 15, 2008, Broadcom CTO Samueli resigned as chairman of the board and took a leave of absence as Chief Technology Officer after being named in a civil complaint by the U. Nicholas was also indicted for violations of federal narcotics laws. Carney threw out the options backdating charges against Nicholas and Ruehle after finding that federal prosecutors improperly tried to prevent three defense witnesses from testifying.

Broadcom's product line spans computer and telecommunication networking: the company has products for enterprise/metropolitan high-speed networks, as well as products for SOHO (small-office, home-office) networks.

Nicholas serves in a strategic advisory role within the new company.

The new merged entity is named Broadcom Limited but inherits the ticker symbol AVGO. In May 2016 Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of Io T products for $550 million.

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On July 14, 2006, Broadcom announced it had to subtract $750 million from earnings due to stock options irregularities. On June 5, 2008, Broadcom co-founder and former CEO Henry Nicholas and former CFO William Ruehle were indicted on charges of illegal stock-option backdating.On September 8, 2006, the amount was doubled to $1.5 billion. On May 15, 2008, Broadcom CTO Samueli resigned as chairman of the board and took a leave of absence as Chief Technology Officer after being named in a civil complaint by the U. Nicholas was also indicted for violations of federal narcotics laws. Carney threw out the options backdating charges against Nicholas and Ruehle after finding that federal prosecutors improperly tried to prevent three defense witnesses from testifying.Broadcom's product line spans computer and telecommunication networking: the company has products for enterprise/metropolitan high-speed networks, as well as products for SOHO (small-office, home-office) networks.Nicholas serves in a strategic advisory role within the new company.The new merged entity is named Broadcom Limited but inherits the ticker symbol AVGO. In May 2016 Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of Io T products for $550 million.

.5 billion. On May 15, 2008, Broadcom CTO Samueli resigned as chairman of the board and took a leave of absence as Chief Technology Officer after being named in a civil complaint by the U. Nicholas was also indicted for violations of federal narcotics laws. Carney threw out the options backdating charges against Nicholas and Ruehle after finding that federal prosecutors improperly tried to prevent three defense witnesses from testifying.Broadcom's product line spans computer and telecommunication networking: the company has products for enterprise/metropolitan high-speed networks, as well as products for SOHO (small-office, home-office) networks.Nicholas serves in a strategic advisory role within the new company.The new merged entity is named Broadcom Limited but inherits the ticker symbol AVGO. In May 2016 Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of Io T products for 0 million.