Options Scandal Hits Rambus, VeriSign, CNET, Foundry, AMC, Cyberonics, Progress Software

Excerpt from today's One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):

Rambus Stock-Options Errors May Require Restatements

• Summary: Rambus"said a preliminary board review found improperly dated stock-option grants that may lead to a restatement of prior financial results". "Separately, six other companies -- VeriSign Inc., CNET Networks Inc., Foundry Networks Inc., Applied Micro Circuits Corp., Cyberonics Inc. and Progress Software Corp. -- announced new federal inquiries into their options practices."
• Comment on related stocks/ETFs: Strongly incrementally negative for Rambus (RMBS), VeriSign, (VRSN), CNET Networks (CNET), Foundry Networks (FDRY), Applied Micro Circuits (AMCC), Cyberonics (CYBX) and Progress Software (PRGS).