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Rambus Checking its Records for Backdated Stock Options

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At a glance:

Rambus has joined the growing list of companies checking their records for improperly-accounted-for backdated stock options. 
 
If options are backdated to maximize profit for the recipient, financial statements must be adjusted to avoid showing an exaggerated profit. 
 
This has implications both in the stock price, for investors, and for tax purposes. 
 

Rambus warns of stock option woes

BusinessWeek - 6/27/2006 9:55 PM

JUN. 27 9:46 P.M. ET Computer chip supplier Rambus Inc. on Tuesday warned some of its previously reported profits might evaporate because the timing of stock options granted to its employees wasn't properly recorded -- a problem that could haunt scores of other companies as they review their past compensation practices.
 
The news, which caused Rambus's stock price to drop by more than 5 percent in extended trading, was the latest jolt in a budding scandal that threatens to once again shake investor confidence just as corporate America recovers from the accounting fiascos exposed after the fall of Enron Corp. n
 
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