Microsoft stock option backdating

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Applied Signal expects a decrease in retained earnings for the year ended Oct.31, 2004 by at least It plans to restate results from fiscal 1998 through the first quarter of 2006.

Among the companies under investigation are some of the most well-known names in American business, including Apple Computer, Barnes & Noble, Home Depot and Microsoft.

A significant number of companies under the microscope are in the technology sector, where, beginning in the mid-1990s, stock options became an increasingly popular vehicle by which to attract executives and other high-level employees and, equally important, to keep those executives and employees from jumping to a competitor.

23, 2006 the Austin, Texas, medical-device maker said it has received correspondence from the SEC requesting certain documents and information related to its option grant practices. 23, 2006 the Austin, Texas, medical-device maker said it has received correspondence from the SEC requesting certain documents and information related to its option grant practices.

In recent months, another corporate scandal in American business has become the subject of increasing media scrutiny and investigations by federal prosecutors’ offices and government regulators -- the improper and undisclosed “backdating” of executive stock options.

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