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Securities

Oct. 29, 2009

Broadcom Witness Testifies

A Broadcom employee testified Tuesday that she warned the company's former CFO, who is now on trial, that backdating stock options was wrong.

See Correction Below.

By Gabe Friedman

Daily Journal Staff Writer

SANTA ANA - A witness in the first criminal trial of a former Broadcom executive for backdating stock options testified Tuesday she warned the company's chief financial officer that the practice was wrong.

"I was concerned about backdating, told him we shouldn't be doing it," said Carol Prado, who was responsible for paperwork on Broadcom stock ...

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