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Altera Implicates Former GC in Stock Options Probe

C. Wendell Bergere, former GC of Altera Corp., and Altera's former CEO Rodney Smith backdated stock option grants to themselves and other executives between 1996 and 2000, according to results of a company inquiry announced Oct. 16.

In announcing that it had completed its investigation, Altera said it will restate earnings by a total of $47.6 million to correct errors in accounting for stock option grants.

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Mary Swanton

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