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Rambus takes hit over share option grants

$200 million wrongly allocated
By INQUIRER staff
Fri Oct 20 2006, 08:21
MEMORY IP FIRM Rambus (tick: RMBS) didn't release its quarterly results yesterday because it will take a $200 million plus charge on share options it granted since 1996.

An independent auditor reviewed over 200 grants of share options Rambus made.

The firm is one of many which backdated share options so that they made more money when they took the options up. µ

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