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Telephonics

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Telephonics

Re: None

Tuesday, 08/07/2007 5:09:32 PM

Tuesday, August 07, 2007 5:09:32 PM

Post# of 1649
__________________________________
TECHNOLOGY ALERT
from The Wall Street Journal.


Aug. 7, 2007

Former Brocade CEO Gregory L. Reyes was found guilty of fraud and other charges, giving the government a much-needed victory in its probe into illegal backdating of stock options. Mr. Reyes was found guilty of all 10 counts against him, including securities fraud, conspiracy and filing false financial statements. More than 140 companies have come under federal investigation for stock-options irregularities, and the outcome of the Brocade case was seen as key in determining how aggressively the government will pursue other executives.

FOR MORE INFORMATION, see:

http://online.wsj.com/technology?mod=djemalert
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