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Government

Jun. 2, 2007

SEC Settles Silicon Valley Options-Backdating Cases

The Securities and Exchange Commission settled its first two options-backdating cases against Silicon Valley companies Thursday. The settlements with Brocade Communications Systems Inc. and Mercury Interactive Inc., which has since been acquired by Hewlett-Packard Co., also should set the parameters for government negotiations with other companies that misdated option grants.

By Craig Anderson
Daily Journal Staff Writer

      SAN JOSE - The Securities and Exchange Commission settled its first two options-backdating cases against Silicon Valley companies Thursday.
      The settlements with Brocade Communications Systems Inc. and Mercury Interactive Inc., which has since been acquired by Hewlett-Packard Co., also should set the parameters for government negotiations with ...

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