1:45 PM -- KLA-Tencor Corp. announced Jan. 28 that it's agreed to pay a $65 million settlement in a shareholder lawsuit over stock options.
The AP says it's the second largest settlement in the ongoing options scandal, the largest being $117.5 million paid by Mercury Interactive, now owned by HP Inc. (NYSE: HPQ).
Now, the largest earnings correction due to options backdating still goes to Broadcom Corp. (Nasdaq: BRCM), with a $2.2 million restatement. (See Broadcom's $2.2B Confession and Broadcom Blame Spreads.) One would presume a possible settlement would have to be larger than KLA's.
But we might never get to find out. Broadcom, which received several shareholder lawsuits in mid-2006 over the options issue, so far says it intends to
vigorously defend itself.
— Craig Matsumoto, West Coast Editor, Light Reading
If there isn't a master plan behind Google's creation of Kubernetes, maybe there ought to be.
Already replaced as CEO, John Chambers is fully detaching as he plans to step down as Cisco chairman, truly ending his time as the face and voice of the company.
The network must be automated. And Light Reading must write about it.
Comcast joins Google in asking for a flexible-rate optical standard, rather than 400G or terabit, but that's easier said than done
Cisco, Juniper and other more traditional Interop speakers might get overshadowed by the forces of virtualization
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