Affymetrix (Santa Clara, California) Announces Update Regarding Stock Option Grants

SANTA CLARA, Calif.--(BUSINESS WIRE)--Aug. 9, 2006--Affymetrix, Inc. (Nasdaq:AFFX) announced that as a result of its previously announced internal review into historical stock option granting practices it will restate its financial statements for certain options granted between 1997 and 1999. The review identified certain documentation lapses but did not find any pattern or practice of inappropriately identifying grant dates with hindsight in order to provide “discounted” or “in-the-money” grants.

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