Cornell University's Advanced Computing Research Center Announces Grant and Partnership to Develop More Supercomputers. cornell universitys advanced computing research center announces grant and partnership to develop more supercomputers. The Cornell Theory Center in Ithaca, New York, Cornell University's research center for advanced computing, has received a $60 million grant for supercomputer development. The Cornell Theory Center in Ithaca, New York, Cornell University's research center for advanced computing, has received a $60 million grant for supercomputer development. This grant and industry partnership will double the size of Cornell Theory Center's existing supercomputing "cluster" system, and should generate huge cost savings for university researchers and businesses that have a need for advanced clustered computing. ...

Apple confirms stock option grant concerns, board member resigns. apple stock option grants. After searching through 650,000 emails and interviews with "more than 40 current and former employees, directors and advisors," the team identified "stock option grants made on 15 dates between 1997 and 2002 [that] appear to have grant dates that precede the approval of those grants." The most recent "irregularity" dates back to a January 2002 grant. Steve Jobs was been at the center of at least one backdated grant investigation, but Apple said that "it was subsequently cancelled and resulted in no financial gain to the CEO." However, today’s announcement mentions that he was "aware that favorable grant dates had been selected," while he did not "receive or otherwise benefit from these grants and was unaware of the accounting implications."...

Nvidia takes $127 million charge for "certain option grants". nvidia sec amended forms. The filings address "instances of the use of incorrect measurement dates for certain option grants" found by an audit committee that reviewed the firm’s stock option grant practices....

Feds probing stock options grant to Jobs. feds probing apples jobs....

Heinen was also accused of directing her staff to prepare documents falsely indicating that Apple’s Board had approved the Executive Team grant on January 17. As a result, Apple failed to record approximately $18.9 million in compensation expenses associated with the 4.8 million option grant to six members of its Executive Team (including Heinen). As far as CEO Steve Jobs’ December 2001 grant is concerned, the Commission said that Heinen caused Apple to backdate the grant to October 19, 2001, when Apple’s share price was lower. As result, Apple failed to record $20.3 million in compensation expense associated with this in-the-money options grant. The SEC also believes that Heinen then signed fictitious Board minutes stating that Apple’s Board had approved the grant to Jobs on October 19 at a "Special Meeting of the Board of Directors" - "a meeting that, in fact, never occurred."...

In a single day, the paper value of each executive’s grants had risen from the standard exercise price of zero to about $7.5 million, according to the WSJ. Chief executive Steve Jobs was not among the executives receiving grants at that time, the report said. If Apple didn’t report the grants issued as expenses in successive corporate filings, then that’s still as illegal as not having reported a backdated options grant. Then there’s the problem of issuing grants based on insider knowledge. The issuance of those grants could have taken advantage of that knowledge....

Apple today filed its Q2 and fiscal 2006 forms, which had been delayed due to an investigation in stock option grants.. Cupertino (CA) - Apple today filed its Q2 and fiscal 2006 forms, which had been delayed due to an investigation in stock option grants. Confirming yesterday’s report in the Financial Times, Apple admitted that a board meeting which was claimed to have been taken place to approve a grant of 7.5 million shares grant to Jobs, in fact never happened. While it is troubling that Jobs apparently was aware that an actual board meeting would have been required to approve the grant, Apple stated that he exercised those options and essentially cleared him from any accusations....

Cisco Systems Inc., the leading manufacturer of networking infrastructure equipment that directs Internet traffic, has announced that it will grant its employees stock options for approximately 75 million shares of common stock. Cisco Systems Inc., the leading manufacturer of networking infrastructure equipment that directs Internet traffic, has announced that it will grant its employees stock options for approximately 75 million shares of common stock. In the past, Cisco has been a vocal opponent of granting stock options in the technology industry. Analysts see Cisco's announcement of granting stock options to all 35,000 of its full and part-time employees as a positive sign that Cisco is going to exceed the revenue numbers it posted previously....

Redmond (WA) - Acknowledging that the European Commission did grant Microsoft access to documents pertaining to the EC’s communications with the monitoring trustee it appointed to evaluate Microsoft’s compliance with its 2004 antitrust ruling, Microsoft accused the EC, in a Supplemental Response this morning, of secretly collaborating with four companies, apparently to sway the opinion of... The documents to which Microsoft claims it was denied access, and which the company was finally granted permission to see on 13 February, in the words of today’s Supplemental Response, "reveal that the Commission has been conducting its investigation of Microsoft’s compliance in secret collaboration with Microsoft adversaries and in violation of its own rules for communication with the Tr... As evidence, Microsoft sites an e-mail from an EC case lawyer to a Microsoft attorney, stating that the four companies in question had all been granted licenses to see Microsoft’s source code, and that their observations about that code had already been written down in a non-confidential statement to Microsoft. These are just some of the allegations Microsoft makes in its Supplemental Response, including one that the representative of company [1], which the Response describes as "in fact not a competitor in the work group server operating system market that is the subject of the 2004 Decision," and which was granted access to shared source code through the EU’s license, was actually not an enginee......