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Broadcom takes $750m hit over stock issues

Summer of irregularities burns on
By Martin Veitch
Friday, 14 July 2006, 15:07
COMMS CHIP maker Broadcom said an in-house investigation has uncovered stock options grants irregularities dating back to the beginning of the decade.

The firm expects to take a hit of over $750m in correcting the discrepancies.

Broadcom's announcement follows a string of announcements from other tech firms, including Apple, looking into the way shares have been divvied out to executives. ยต

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