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BUSINESS
October 13, 2006 | From the Associated Press
Sanmina-SCI Corp. has severed ties with an executive accused of helping to manipulate the value of employee stock options in a nearly decade-long scheme now under investigation by a federal grand jury. Sanmina spokeswoman Paige Bombino declined to identify the executive, saying only that it wasn't the company's chief executive or chief financial officer.
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BUSINESS
October 13, 2006 | From the Associated Press
Sanmina-SCI Corp. has severed ties with an executive accused of helping to manipulate the value of employee stock options in a nearly decade-long scheme now under investigation by a federal grand jury. Sanmina spokeswoman Paige Bombino declined to identify the executive, saying only that it wasn't the company's chief executive or chief financial officer.
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BUSINESS
January 9, 2002 | Reuters
Contract manufacturer Sanmina-SCI Corp. said it will take over production of some IBM desktop computers in the United States and Europe in a $5-billion pact IBM said will cut its costs in the extremely competitive personal computer industry. The move comes on the back of declining revenue in IBM's personal computer and printing division. San Jose-based Sanmina-SCI will produce the NetVista computers, IBM's main desktop line covering several different models sold primarily to large corporations.
BUSINESS
September 14, 2006 | From Bloomberg News
Sanmina-SCI Corp. said it probably would restate earnings for the last three years after an internal probe of options grants. Quarterly profit statements and news releases dating to Sept. 29, 2002, should no longer be relied upon, San Jose-based Sanmina said Wednesday in a regulatory filing. More than 125 companies have disclosed federal or internal investigations into whether they improperly backdated stock option grants.
BUSINESS
September 14, 2006 | From Bloomberg News
Sanmina-SCI Corp. said it probably would restate earnings for the last three years after an internal probe of options grants. Quarterly profit statements and news releases dating to Sept. 29, 2002, should no longer be relied upon, San Jose-based Sanmina said Wednesday in a regulatory filing. More than 125 companies have disclosed federal or internal investigations into whether they improperly backdated stock option grants.
BUSINESS
November 5, 2002 | From Times Wires Services
Cable television set-top box maker Scientific-Atlanta Inc. on Monday said a Georgia federal court has thrown out some patent infringement claims against it made by Gemstar-TV Guide International Inc. Atlanta-based Scientific-Atlanta said the court ruled that the firm's Explorer 3000 and 8600x set-top boxes do not infringe two patents held by Gemstar, which makes interactive television-programming guides.
BUSINESS
August 17, 2006 | From Times Wire Services
Four California technology companies asked the Nasdaq Stock Market on Wednesday to give them more time to file financial results as they examine stock-option grants. Sanmina-SCI Corp., CNet Networks Inc., Rambus Inc. and QuickLogic Corp. have delayed reporting full results pending the outcome of probes of options grants and may face delisting. The companies said they were asking Nasdaq's listing qualifications panel for more time. At least 108 companies have reported U.S.
BUSINESS
March 16, 2007 | Marc Lifsher, Times Staff Writer
The California Public Employees' Retirement System on Thursday took its annual potshot at companies it has identified as corporate underachievers. The $230-billion government pension fund -- the biggest and most influential in the nation -- released a so-called Focus List of 11 companies in its portfolio that staff rated as having subpar earnings and undemocratic corporate governance policies.
BUSINESS
May 24, 2009 | Kathy M. Kristof
If ever there was a year that you'd expect the state's top corporate dogs to get hit in the wallet, 2008 would be the one. The stock market crashed, bankruptcies soared and millions of workers were sent packing -- at a time when public outrage over excessive pay for top executives reached an all-time high. But not everyone got the memo.
BUSINESS
May 31, 2005 | Kathy M. Kristof, Times Staff Writer
Everyone knows that the top dog makes a lot more than the rest of the pack. But the big pay hikes awarded to chief executives are leaving the pack even further behind each year, The Times' annual executive compensation survey shows. CEOs at California's largest 100 public companies took home a collective $1.1 billion in 2004, up almost 20% from 2003. That compares with the 2.9% raise that the average California worker saw last year, according to the Economic Policy Institute in Washington.
BUSINESS
January 9, 2002 | Reuters
Contract manufacturer Sanmina-SCI Corp. said it will take over production of some IBM desktop computers in the United States and Europe in a $5-billion pact IBM said will cut its costs in the extremely competitive personal computer industry. The move comes on the back of declining revenue in IBM's personal computer and printing division. San Jose-based Sanmina-SCI will produce the NetVista computers, IBM's main desktop line covering several different models sold primarily to large corporations.
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