SiliconBeat

Equinix, the Foster City supplier of data-center hosting,  said today in a regulatory filing that it “is not aware of any undisclosed accounting
matters affecting the company.

Several investors had contacted the company to inquire about a rumor in the market regarding Read the rest of this entry »

Immersion, the San Jose provider of hardware and software “touch” technologies used in digital devices said in a filing today that its audit committee has begun an internal investigation into “certain previous revenue transactions in its Medical line of business. The company said the investigation is being conducted “with the assistance of outside counsel”.

The company did not rule out the possibility of Read the rest of this entry »

Marvell Technology, the Bermuda-based chip company that operates out of Santa Clara, said today that it has agreed to resolve a shareholder class action lawsuit filed in August 2007 related to the way the company granted stock options in the past.

The company will pay $72 million and has decided Read the rest of this entry »

OpenTable, the San Francisco-based developer of an electronic reservation booking system for restaurants, moved closer to pushing its proposed initial public offering out the door Tuesday when it estimated a price range of between $12 and $14 per-share price for the 3 million shares it plans to sell the public for the first time. At the high end, the offering would generate $42 million. About half of that would go to current shareholders selling some of their own stake in the IPO.

The pricing was part of a fourth amendment the company filed Tuesday to its original registration statement, which it updated with results for its quarter ended March 31. Sales for the quarter totaled Read the rest of this entry »

Apple shareholders will be getting a “say on pay” after all.

Beginning next year, Apple will allow investors to have an annual advisory vote on its executive pay packages, the company said Monday in a statement. After repeatedly saying that shareholders had lost a vote on the matter at its annual meeting in February, Apple acknowledged in the statement that it had miscounted shareholder votes, mistakenly counting abstentions as no votes.

In a post on Friday, I noted that Apple seemed to have changed the way it counts shareholder votes over the last year. More shareholder votes were cast in favor of “say on pay” this year than last, and the gap between yes and no votes on the matter had widened. Despite that, Apple said last year that the matter had passed, while saying this year that it failed.

Read the rest of this entry »

Seagate Technology, which cut its most recent quarterly dividend 75 percent, said today it is discontinuing it altogether as a move to “further enhance liquidity” and reduce cash “outflows” by an estimated $60 million annually.

Last week, Seagate renegotiated some of the terms of its Read the rest of this entry »

A day after repricing underwater options held by a couple hundred of its employees, Integrated Silicon Solutions filed details Tuesday of a proposed settlement of a lawsuit against the company and some of its current and past executives and members of its board over allegations of stock option backdating.

Although the defendants in the matter — including the company’s chief executive, Jimmy Lee — deny “each and every allegation” made in the complaint, Read the rest of this entry »

Take-Two Interactive has agreed to fork over $3 million as a civil penalty related to allegations the company backdated options. Although the company took the step, “(w)ithout admitting or denying the SEC’s allegations”, Take-Two Interactive acknowledged to the District Attorney serving the U.S. District Court for the Southern District of New York “that certain of its former directors and officers engaged in Read the rest of this entry »

New Orleans has not been a repository of good news this decade, but perhaps the post-Katrina environment is starting to show results.

Jackson Square in New Orleans

Sustainlane.com, a Web green-living guide, evaluated how green the fleets were in America’s big cities, and handed Nawlins the crown. That’s because 100% of its public vehicles are propelled by alternative fuels. That list includes biodiesel, hydrogen, ethanol, CNG, electricity or gas-electric hybrids.

Here is the top 10 list, as well as the percentage of the fleet in each that’s green:

1. New Orleans, 100%

2. Las Vegas, 90%

3. Omaha, 74%

4. Fort Worth, 70%

5. Portland, 60%

6. Colorado Springs, 58%

7. Kansas City, 50%

8. Dallas, 49%

9. Albuquerque, 47%

10. San Francisco, 47%

The national median for green fleet % inthe  50 largest cities is 19.5%. San Jose’s fleet is 34.3% green, according to a SustainLane.com spokeswoman.

Late Friday afternoon, March 6, Sanmina-SCI filed details of a preliminary settlement reached last month between a group of shareholders who had sued the company and several of its current and former executives and members of its board over the electronic manufacturer’s past stock option practices.

The deal, subject to final approval at a hearing in San Jose May 1, calls for changes in the way the company grants options along with steps to being taken by several individual defendants, including the repricing and/or forfeiture of previous options grants and outright cash payments to the company.

The company also agreed to pay Read the rest of this entry »