CalPERS challenges stock options of 25 companies Oct 6, 2008
The companies are Affiliated Computer Services, Altera Corp., American Tower Corp., Analog Devices, Brooks Automation, Caremark, Comverse Technology, F5 Networks Inc., , KLA-Tencor Corp., Maxim Integrated Products, McAfee Inc., Meade Instruments, Medarex Inc., Nvidia Corp., Openwave Systems, Power Integrations Inc., RSA Security, Safenet Inc., Semtech Corp., Sepracor Inc., Sycamore Networks, Trident Microsystems, and Vitesse Semiconductor. CalPERS asked the companies to adopt strong audit... (Sacramento Business Journal, CA)
Peer-to-peer networks get popular Mar 16, 2008
NEW YORK: The technology best known for pirating movies, music and software online is increasingly being adopted by businesses as a cheap way to get video content to customers. A number of startups are embracing so-called peer-to-peer technology and have convinced some big-name media companies to use them to deliver legal content. (India Times, India -- Health/Science)
Peer-to-peer networks go legit Mar 15, 2008
But 90 percent of P2P downloads are still of illegally copied content, according to David Hahn, vice president of product management at SafeNet Inc., which tracks the networks. Hahn said 12 million to 15 million people are file-sharing across the world at any one time, mainly on the BitTorrent and eDonkey networks. (MSNBC -- Technology)
Daily Briefing Jan 29, 2008
New York - The former chief financial officer of network security products maker SafeNet Inc. was sentenced Monday to six months in prison and fined $1 million on securities fraud charges stemming from the backdating of millions of dollars of employee stock options grants. The judge told Carole Argo, 46, of Baltimore, that she was deserving of leniency because of her charitable deeds and because her crimes were not nearly as serious as those committed in some of the more spectacular financial... (Atlanta Journal-Constitution -- Business)
ARX Promotes Digital Signatures at China's SFDA Conference Dec 17, 2007
ARX Promotes Digital Signatures at China's SFDA Conference - Yahoo. Secondary Navigation. (Yahoo News -- Press Releases)
File-Sharing Trial Continues in Minnesota Oct 4, 2007
Mark Weaver of SafeNet Inc. testified about how his company, at the behest of the record companies, found 1,702 songs offered by a user of the Kazaa file-sharing program under the name "tereastarr.". Then defense attorneys put on David L. Edgar of Charter Communications, Thomas' Internet provider. (Fox News)
* Record firms take anti-piracy fight to court for first time Oct 4, 2007
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- World)
Music Download Trial Starts Tuesday Oct 2, 2007
The record companies claim that on Feb. 21, 2005, online investigators at SafeNet Inc., found 1,702 files shared under what they said was a Kazaa account being used by Thomas. The songs included Swedish death metal band Opeth, German industrial group VNV Nation and American rock band Chevelle. (ABC News -- Wire)
SafeNet Extends Agreement with Senetas Aug 6, 2007
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Former Chief Financial Officer of SafeNet, Inc. Charged in Connection With Backdating of Stock Options Jul 26, 2007
NEW YORK, July 25 /PRNewswire-USNewswire/ -- Michael J. Garcia, the U.S. Attorney for the Southern District of New York, and Ron Walker, the Inspector- in-Charge of the New York Division of the U.S. Postal Inspection Service ("USPIS"), announced the filing of a criminal indictment against Carole Argo, the former Chief Financial Officer of Maryland-based software information security products and services provider SafeNet, Inc. (SafeNet). Argo is charged with securities fraud and conspiracy in... (PR Newswire)
Three former executives charged in options cases Jul 26, 2007
U.S. prosecutors charged the former chief executive of Brooks Automation with tax evasion related to a 1999 options grant, and brought securities fraud and conspiracy charges against the former chief financial officer of SafeNet Inc.. Meanwhile, the U.S. Securities and Exchange Commission, charged the former chief executive of with fraud for his involvement in a stock options backdating scheme, and settled charges with the company. (EETimes)
Computer Security Contract Awarded Jun 19, 2007
Awardees are MTM Technologies Inc.; Rocky Mountain Ram LLC; Carahsoft Technology Corp.; Spectrum Systems Inc.; SafeNet Inc.; Hi Tech Services Inc.; immixGroup Inc.; Autonomic Resources LLC; GTSI Corp.; GovBuys Inc.; Intelligent Decisions Inc. and Merlin International. Products are Mobile Armor LLCs Data Armor; Safeboot NVs Safeboot Device Encryption; Information Security Corp.s Secret Agent; SafeNet Inc.s SafeNet ProtectDrive; Encryption Solutions Inc.s... (DOD DefenseLINK -- News)
Suit claims SafeNet is being sold to shield directors Mar 9, 2007
SafeNet Inc., the Harford County technology company under federal investigation, has been sued by a shareholder who charged that some directors agreed to sell the company to a private equity firm to avoid potential liabilities from backdating of stock options. SafeNet, a maker of chips and software that encrypt data on computer networks, agreed to be acquired by Vector Capital Corp. for $634 million, or $28. (Sunspot.net -- Business)
SafeNet offer called too low Mar 7, 2007
Analysts said yesterday that a bid by a California private equity firm to buy Harford County technology company SafeNet Inc. is too low, and one of the Belcamp company's largest investors said they were "very disappointed" with the offer. SafeNet, which has been under federal investigation for its stock options awards, said Monday that it had agreed to be acquired by Vector Capital of San Francisco for $28. (Sunspot.net -- Business)
Private equity firm to acquire SafeNet Mar 6, 2007
SafeNet Inc., the Harford County technology company under federal investigation for its stock option grants, said yesterday that it has agreed to be acquired by a San Francisco private equity firm for about $634 million. Vector Capital will acquire all of SafeNet's outstanding shares for $28. (Sunspot.net -- Business)
SafeNet unit wins defense contract Mar 3, 2007
SafeNet Inc., the Harford County encryption technology company, said yesterday that its subsidiary was awarded a contract of up to $400 million with the Department of Defense - SafeNet's largest contract to date. Mykotronx Inc., SafeNet's Torrance, Calif. (Sunspot.net -- Business)
Stull, Stull & Brody Announces Commencement of Lawsuit Against EMCORE Corp. for the Back-Dating of Stock Option Grants -- EMKR Feb 13, 2007
Stull, Stull & Brody Announces Commencement of Lawsuit Against EMCORE Corp. for the Back-Dating of Stock Option Grants -- EMKR: Financial News - Yahoo. Source: Stull, Stull & Brody. (Primezone Releases)
Stull, Stull & Brody Announces Commencement of Lawsuit Against Apollo Group, Inc. for the Back-Dating of Stock Option Grants -- APOL Jan 18, 2007
Stull, Stull & Brody Announces Commencement of Lawsuit Against Apollo Group, Inc. for the Back-Dating of Stock Option Grants -- APOL: Financial News - Yahoo. Source: Stull, Stull & Brody. (Primezone Releases)
SafeNet finds more accounting problems Jan 10, 2007
By Stacey Hirsh Sun reporter Originally published January 10, 2007 SafeNet Inc., the Harford County technology company whose stock option grants are under federal investigation, said yesterday that its internal options grant investigation uncovered other accounting discrepancies totaling $14 million. The Belcamp information encryption and security company said it would have to adjust revenue recognition in financial statements for 2004 and 2005 and the first quarter of last year. (Sunspot.net -- Business)
