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Apple In Trouble: Deceptive Practices.
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Forum Regular
Join Date: Jul 2006
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The International Business Times is reporting that Apple may have to restate profits back to 2002. Apple has not given any reason behind the internal investigation other than they are looking into a “series of irregularities”.
While Apple hasn't explained exactly how it mishandled stock options, most of the problems at other companies so far have revolved around "backdating." Under this practice, insiders try to make the rewards more lucrative by retroactively pinning the option's exercise price to a low point in the stock's value. Usually, a stock option's exercise price coincides with the market value at the time of a grant to give the recipient an incentive to drive the price higher.
http://www.ibtimes.com/articles/20060804/apple.htm
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Professional Poster
Join Date: Jun 2001
Location: Northwest Ohio
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Originally Posted by tutelary
The International Business Times is reporting that Apple may have to restate profits back to 2002. Apple has not given any reason behind the internal investigation other than they are looking into a “series of irregularities”.
While Apple hasn't explained exactly how it mishandled stock options, most of the problems at other companies so far have revolved around "backdating." Under this practice, insiders try to make the rewards more lucrative by retroactively pinning the option's exercise price to a low point in the stock's value. Usually, a stock option's exercise price coincides with the market value at the time of a grant to give the recipient an incentive to drive the price higher.
http://www.ibtimes.com/articles/20060804/apple.htm
Yawn.
We knew this a while ago.
Apple is proactively investigating.
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Baninated
Join Date: Aug 2006
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.... that's like the stockmarket, right?
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Clinically Insane
Join Date: Oct 2001
Location: San Diego, CA, USA
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Thanks. I was having trouble getting back to sleep, but stock market news works every time.
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Chuck
___
"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
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Forum Regular
Join Date: Jul 2006
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Originally Posted by Person Man
Yawn.
We knew this a while ago.
Apple is proactively investigating.
yes. only because they have to.
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Posting Junkie
Join Date: Jun 2003
Location: Dangling something in the water… of the Arabian Sea
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Posting Junkie
Join Date: Jun 2000
Location: Union County, NJ
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This is clearly the end of Apple
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Addicted to MacNN
Join Date: Mar 2001
Location: USA
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