CNET Networks Response to May 16, 2006 Report Issued by Center for Financial Research and Analysis
May 22 2006 - 9:00AM
Business Wire
On May 16, 2006, the Center for Financial Research and Analysis
issued an analysis of stock option exercise prices relative to
stock price ranges for certain companies during the period 1997 to
2002. The report identified CNET Networks, Inc. (Nasdaq:CNET) as
having granted stock options on four occasions between 1998 and
2001 with exercise prices that matched or were close to a 40-day
low for its stock price. CNET Networks' Board of Directors has
appointed a special committee of independent directors to conduct
an internal investigation relating to past option grants, the
timing of such grants and related accounting matters. The Special
Committee is being assisted by independent legal counsel. About
CNET Networks, Inc. CNET Networks is a global media company with
some of the most important and valuable brands on the Web targeting
passionate audiences. The company's brands -- such as CNET,
GameSpot, TV.com, MP3.com, Webshots, BNET and ZDNet -- serve the
technology, games and entertainment, business, and community
categories. CNET Networks was founded in 1993 and has always been
"a different kind of media company" creating engaging media
experiences through a combination of world-class content and
technology infrastructure.
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Jun 2024 to Jul 2024
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Jul 2023 to Jul 2024