Broadcom announced over the summer that it would be filing restatements covering the ears 2000 to 2005, as well as the first quarter of '06 - all in relation to the granting stock options to executives. The company's own internal review of its options granting process has been completed and the revamped financials are expected sooner rather than later, but in less that good news the SEC has announced that they'll be stepping up their own inquiry into Broadcom's practices into a formal investigation.

-- MDT

Labels: Broadcom, SEC, stock options