Marvell Technology, the Santa Clara chip maker, raised its forecast for sales in its current quarter ending Aug. 1 from a range of $540-$580 million to at least $600 million, instead, with an upside of $630 million possible, according to a press release it filed with the SEC today.
The company attributed the increase in projected revenue to Read the rest of this entry »
McAfee, the Santa Clara security software developer whose former top lawyer was acquitted earlier this month of of illegally tampering with his stock option grants to boost his pay package, filed a 15-page, 4,100-word document Friday outlining proposed steps it will take to improve its corporate governance. The plan is part of a proposed settlement of pending lawsuits filed related to the company’s historical stock option practices.
Last December, on the eve of the Christmas holiday weekend, McAfee filed restatements of past results to account for an additional Read the rest of this entry »
A class-action lawsuit against KLA-Tencor and various of its current and former directors and officers over stock option backdating was dismissed last week, providing a full release of the company and the named defendants, but not before the company paid $65 million “for the benefit of the settlement class”: namely folks who bought KLA-Tencor stock from Read the rest of this entry »
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