A Huffalump did his business here...: Broadcom's Options Bombshell

Saturday, September 09, 2006

Broadcom's Options Bombshell

On Sept. 8, Broadcom (BRCM) provided another sense of the massive scale of the probes when it said it expects to restate earnings to subtract $1.5 billion of options expenses, twice as much as it had estimated on July 14. Broadcom said additional sums are the result of more investigation of its accounts since the earlier announcement.

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