Broadcom backdating scandal

The additional stock-based compensation adjustments are all non-cash and will not change our reported revenues or net shareholders’ equity.

We are working with outside counsel and auditors to complete the detailed analysis necessary to bring the restatement process to an expeditious conclusion.

Kato made things even worse by filing a lawsuit against Nicholas, which now seeks m for a variety of things, including compensation for work done as Nicholas' aide-cum-bodyguard and emotional distress. According to Kato's lawsuit, Nicholas used to stroll into Kato's bedroom at 3 a.m.

You might think drugs and whores sound like a good time - not according to Kato. "holding a plate with a pile of cocaine or other drug, and demanding that he 'party' with him because 'he was bored and lonely.'" Nicholas also made Kato entertain him like a court jester and demanded that Kato take drugs, the lawsuit said.

In mid-April, Nicholas checked into the Betty Ford Center for an alcohol treatment program.

In a lawsuit filed Wednesday, the Securities and Exchange Commission accused Samueli and Nicholas of systematically backdating 232 million options to make them more valuable, then hiding the fact from other shareholders. Samueli’s lawyer lashed out at the SEC, accusing the regulators of “trying their case in the media.”Samueli, in an e-mail to “my colleagues and friends at Broadcom,” said it would be “inappropriate” for him to continue on the board and as an officer while the SEC case was pending.

Seeking the best and brightest during the tech boom, Broadcom Corp. Nicholas III and Henry Samueli tossed out millions of stock options to attract and reward favored employees, whose Porsches and Lamborghinis gleamed in the parking lot as they worked late into the night.

The

The $1.5 billion expense figure is more than twice the $727.5 million in total net income Broadcom reported for its four profitable years since going public in 1998, according to data compiled by Bloomberg.

[Seriously, is that meant to make us think Kato is into drugs or gay jocks?

September 8, 2006 (PLANSPONSOR.com) - Chipmaker Broadcom Corp.

At least 120 companies face federal investigations or are conducting internal reviews into whether they manipulated dates to inflate option values.

Scott Mc Gregor, Broadcom’s president and chief executive officer, said in the Web statement: “We believe it [is] important to release this supplemental report to apprise investors that our ongoing review has identified measurement date issues involving additional option grants.

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The $1.5 billion expense figure is more than twice the $727.5 million in total net income Broadcom reported for its four profitable years since going public in 1998, according to data compiled by Bloomberg.[Seriously, is that meant to make us think Kato is into drugs or gay jocks? September 8, 2006 (PLANSPONSOR.com) - Chipmaker Broadcom Corp.At least 120 companies face federal investigations or are conducting internal reviews into whether they manipulated dates to inflate option values.Scott Mc Gregor, Broadcom’s president and chief executive officer, said in the Web statement: “We believe it [is] important to release this supplemental report to apprise investors that our ongoing review has identified measurement date issues involving additional option grants.

.5 billion expense figure is more than twice the 7.5 million in total net income Broadcom reported for its four profitable years since going public in 1998, according to data compiled by Bloomberg.

[Seriously, is that meant to make us think Kato is into drugs or gay jocks?

September 8, 2006 (PLANSPONSOR.com) - Chipmaker Broadcom Corp.

At least 120 companies face federal investigations or are conducting internal reviews into whether they manipulated dates to inflate option values.

Scott Mc Gregor, Broadcom’s president and chief executive officer, said in the Web statement: “We believe it [is] important to release this supplemental report to apprise investors that our ongoing review has identified measurement date issues involving additional option grants.

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