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Broadcom debuts product; criminal trial resumes
On the heels of the company’s release of a new set-top box system-on-a-chip, former CFO faces fraud charges.
By Susan BelknappPublished: October 26, 2009 10:47 AM
Irvine-based Broadcom Corp., the semiconductor innovator for wired and wireless communications, announced Tuesday that its new set-top box (STB) system-on-a-chip (SoC) solutions enabling manufacturers and cable service providers to offer the latest in interactive HDTV programming, connectivity, whole-home media distribution and advanced 3D-user interfaces to the North American market.
The company is moving along with its product line despite continued legal battles involving criminal allegations against the principals and copyright infringements with various competitors.
Most recently, opening statements for the fraud trial involving former CFO William J. Ruehle began on Friday in Santa Ana and the trial resumes Tuesday. The charges allege from an options-backdating scheme that inflated Broadcom’s earnings by $2.2 billion. Ruehle is alleged to have personally profited $77 million from the conspiracy, according to a federal prosecutor.
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The company is moving along with its product line despite continued legal battles involving criminal allegations against the principals and copyright infringements with various competitors. Most recently, opening statements for the fraud trial involving former CFO William J. Ruehle began on Friday in Santa Ana and the trial resumes Tuesday. The charges allege from an options-backdating scheme that inflated Broadcom’s earnings by $2.2 billion. Ruehle is alleged to have personally profited $77 million from the conspiracy, according to a federal prosecutor. NEXT PAGE >> Related headlines FrontGate Media moves to expanded office in Rancho Santa Margarita Irvine-based Diedrich Coffee seeks new CEO Aliso Viejo's Buy.com expands internationally |
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