List of companies hit by backdating scandal is growing day by day. Aug 11, 2006 issue of EETimes was full of companies hit by Backdating Issue. 

Seems like few executive did not realize that they are doing anything wrong. Few Execs, who realized that it is wrong practice, still went ahead because of sheer greed. Anyway  they still have to pay for their greed. Within the past 48 hours, the U.S. Department of Justice has brought charges against former executives of Comverse Technology and filed additional charges against two former Brocade leaders.

Several companies, including electronics industry superstar Apple Computer, have filed notice with the Securities and Exchange Commission that they will be forced to delay filing quarterly regulatory filings while they investigate options issues. Expect implicated companies to continue paying for sins of the past, in one form or another, for some time to come.

Anyway, I'll be adding list of companies hit by backdating scandal here in one form or another!

Please note: Companies, included in this list may not have followed stock backdating option and may have done nothing wrong. They are included here becauase they are affected by scandal in one way or another.