Bell Microproducts, the San Jose electronics distributor whose shares were delisted from Nasdaq because the company was persistently delinquent in filing required financial documents with the SEC, became current with its annual financial filings Monday when it published results for fiscal years 2007 and 2008.
Turns out that 2007 was Read the rest of this entry »
A week after performing a nearly complete makeover of its executive suite, Cadence Design (Nasdaq: CDNS) said today that “it is reviewing, in conjunction with the company’s independent accountants and legal advisors, the recognition of revenue related to customer contracts signed during the first quarter of 2008.”
Cadence accountants happened to notice that $24 million of contract revenue in its recently completed third quarter was already recognized during its first quarter of the year. Oops. That already-recognized revenue should “have been recognized Read the rest of this entry »
Maxim Integrated Products, the Sunnyvale chip maker that had not filed financial reports with the Securities and Exchange Commission since May 2006 as it struggled to investigate and then account for years of incorrectly priced (i.e., backdated) options, filed six quarterly reports and three fiscal year reports with the Securities and Exchange Commission Tuesday.
The company determined the total extra value given to its executives, directors, employees and others who received backdated options since fiscal 1997 — the difference between the strike price on the options based on their original grant date and the correct price based on the date they were technically granted — was Read the rest of this entry »
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