Tencor scandal options backdating

The new merged entity is named Broadcom Limited but inherits the ticker symbol AVGO. In May 2016 Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of Io T products for 0 million.Under the deal, Cypress acquires Broadcom's Io T products and intellectual property for Wi-Fi, Bluetooth and Zig Bee connectivity, as well as Broadcom's WICED platform and SDK for developers.

It was acquired by Avago Technologies in 2016 and currently operates as a wholly owned subsidiary of the merged entity called Broadcom Limited.

Broadcom is among Gartner's Top 10 Semiconductor Vendors by revenue. In 2012, Broadcom's total revenue was .01 billion. 327 on the Fortune 500, having climbed 17 places from its 2012 ranking of No. Broadcom shareholders will hold 32% of the new Singapore-based company to be called Broadcom Limited.

Hock Tan, Avago President and CEO, will be the new CEO of the new combined company. Samueli will be Chief Technology Officer and member of the combined company's board. Nicholas will serve in a strategic advisory role within the new company.

Long after the Sarbanes-Oxley Act of 2002 crimped the ability of companies to price options retroactively, the SEC said, Schroeder backdated a grant to numerous employees in January 2005.

In that case, a human resources employee e-mailed Schroeder with stock prices from the previous three days and asked him to confirm using the lowest of the three prices, the SEC said.