Cablevision Probes Options

Farrell, Mike
August 2006
Multichannel News;8/14/2006, Vol. 27 Issue 32, p4
The article reports on the possible restatement of the earnings of Bethpage, New York-based cable operator Cablevision Systems Corp. due to discrepancies in stock-option grants awarded from 1997 to 2002. The company has decided not to release the financial statement in the second quarter of 2006. Stock options allow holders to purchase stocks at a preset price. The firm initiated the investigation of options and stock appreciation rights.


Related Articles

  • Restatement:.  // CableFAX Daily;9/22/2006, Vol. 17 Issue 184, p2 

    The article reports that Cablevision Systems Corp. has filed its delayed financial results for the second quarter of 2006 and restated its financials following an internal investigation into stock-option grants. The restatement resulted in a cumulative net loss adjustment of $89.2 million for...

  • Rambus to Restate Earnings, Faces Possible Delisting.  // Electronic News;7/24/2006, Vol. 52 Issue 30, p37 

    The article reports on the decision of Rambus Inc. to restate its formerly issued financial statements to make corrections on errors found by its audit committee concerning the accounting of stock option grants. The committee has found that previously issued financial statements for fiscal years...

  • AMT confirms financial restatement plans. Morse, Joni // RCR Wireless News;10/30/2006, Vol. 25 Issue 44, p13 

    The article reports on the decision of American Tower Corp. to restate its financial results from 2005 through the first quarter of 2006. Such decision is due to discrepancies in measurement dates of certain stock-option grants. The company said an internal committee is still reviewing the...

  • Stock Options Audit Forces First American to Restate Earnings. Finkelstein, Brad // National Mortgage News;1/15/07, Vol. 31 Issue 16, p6 

    The article reports on the restatement of the annual financial statements of the earnings of the First American Corp. due to a discrepancy on its historical stock option granting practices. A subcommittee report revealed that the actual measurement dates of stock option grants was different from...

  • Backdated Options Cause Little Backlash. Glover, Hannah // Money Management Executive;8/7/2006, Vol. 14 Issue 31, p1 

    The article reports on the effect of legislation of backdating options practices of companies. It states that due to regulations that mandates the restatement of corporate earnings be made public, corrupt practices of corporations, such as backdating options were revealed and penalized. Reforms...

  • KLA-Tencor to Restate Financials. Taylor, Colleen // Electronic News;10/9/2006, Vol. 52 Issue 41, p5 

    The article reports on the announcement of KLA-Tencor that it will restate years of previously issued financial statements to correct its past backdating of stock options. The company has not yet determined the amount of the charges or the resulting tax and accounting impact. According to the...

  • Comverse likely to restate earnings.  // RCR Wireless News;4/24/2006, Vol. 25 Issue 17, p6 

    This article reports on an announcement made by Comverse Technology Inc. that an internal review of its stock-options program would delay its 10-K annual report and would probably restate earnings for the past six years, as of April 2006. Comverse said it likely will have to record charges for...

  • Further Stock Stress at Semtech.  // Electronic News;7/24/2006, Vol. 52 Issue 30, p52 

    The article reports that Semtech Corp. is going to restate its financial statements in the midst of growing allegations of stock option backdating. Semtech announced that the special committee organized to conduct the review has found errors in the dating of stock options granted from fiscal...

  • Altera Delays Q2 Filing.  // Electronic News;8/14/2006, Vol. 52 Issue 33, p58 

    The article focuses on the corporation report by Altera for the second quarter of 2006. The company has delayed the filing of its report for the said period to the U.S. Securities and Exchange Commission, pending the completion of its internal review of stock options backdating. The company...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics