Also Thursday, Rambus Inc., a maker of memory-chip technology, said that it terminated 2.74 million stock options issued to former Chief Executive Geoff Tate in 2006. 13 during an options probe, and his options would have expired by their terms on Nov. In Marvell Tech's case, four of its executives, including Chairman and Chief Executive Sehat Sutardja, repaid the company .6 million for misdated options that were exercised, according to a filing with the Securities and Exchange Commission.
Last week, Broadcom canceled 1.846 million stock options of former CFO William J. The company valued those options at more than $32 million.
At the same time, Broadcom also voided options packages held by two other executives worth $5 million.
SAN FRANCISCO (Market Watch) -- Chipmakers Marvell Technology Group Ltd.
and Broadcom Corp., both finalizing internal inquires into their stock-option grants, disclosed late Thursday they have recalculated some executive stock option grants that were misdated.
to be a really ugly day."Read more here Cramer suggested Friday that investors add three more 5G plays to their basket of stocks, given the current state of the market."In a confusing market, you should always be ready to fall back on your favorite long-term themes, and right now the 5G buildout is one of the best," the host said.
"And VMWare, Silicon Labs and Marvell Tech are now three more great ways to play it."At the end of April, Cramer listed Qualcomm, Skyworks Solutions, Broadcom, and Xilinx among the best chipmakers to benefit from the rollout of the fifth generation of wireless technology.He also recommends Nokia and Ericsson as a play on telecommunications infrastructure.On the networking equipment front, Cisco Systems has exposure to the space, Cramer said.Hervey had to repay the company 5,673, while Pantas Sutardja paid the company 7,178, the filing said.Marvell Tech, which is reviewing its option grants as far back as its June 2000 IPO, said it hasn't completed its investigation.Our mission is to put the power of computing and digital making into the hands of people all over the world.