Saturday, December 30, 2006

Apple Panel on Options Backs Chief - New York Times

IANAL, but I think this cheer is premature. 

Investors were cheered by the news, which was contained in the annual report Apple filed with securities regulators; Apple’s stock rose 4.9 percent to close at $84.84. But the report failed to completely remove a cloud hanging over the company as a result of the backdating of options and improper record keeping, especially concerning two large option grants made to Mr. Jobs in 2000 and 2001.

Source: Apple Panel on Options Backs Chief - New York Times

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