Computer and electronics firm Apple has filed its financial reports on the last possible day, following delays linked to the backdating of stock options.
The firm said it had incurred a charge of $84m for misdated options, including some awarded to boss Steve Jobs.
But Apple reiterated that its probe had found no misconduct by any current management, including Mr Jobs.
Like many other tech firms, Apple has admitted that some options awarded to executives had had their dates changed.
The effect of such a change could make options more lucrative when cashed in, if the changed date produced a lower price at which they could be exercised.
Many of the more than 150 firms implicated in backdating have been investigated by the Securities and Exchange Commission (SEC).
Apple said it was providing both the SEC and the Department of Justice with details of its internal inquiry.
The company also reported its results for the year ending in September 2006, which showed a 39% increase in sales to $19.3bn.
View: BBC News
The firm said it had incurred a charge of $84m for misdated options, including some awarded to boss Steve Jobs.
But Apple reiterated that its probe had found no misconduct by any current management, including Mr Jobs.
Like many other tech firms, Apple has admitted that some options awarded to executives had had their dates changed.
The effect of such a change could make options more lucrative when cashed in, if the changed date produced a lower price at which they could be exercised.
Many of the more than 150 firms implicated in backdating have been investigated by the Securities and Exchange Commission (SEC).
Apple said it was providing both the SEC and the Department of Justice with details of its internal inquiry.
The company also reported its results for the year ending in September 2006, which showed a 39% increase in sales to $19.3bn.
View: BBC News
edited
Let's keep the inflammatory comments out shall we?
Last edited by Chad on 29 Dec 2006 - 14:33
Owning a mac does not make anyone a fanboy. I own a mac mini, for example. A fanboy mistakenly thinks that Apple is perfect in all that they do, that is the difference.
PS: YAY! Apples market share went up from 2.1% to 2.28%!!!
W00T.
The stuck up Apple kid will be asking the old Windows guy how he handled his lawsuits (the anti-trust stuff and the EU crap), and then at the end he'll be working off towards a prison cell. At which point the Windows guy will say "So who is having fun NOW smart guy?!"
Bad Apple, bad!
At the most though he will probably have to step down and/or pay a fine for stealing from the other share holders.
Its not the first time he has stolen what would rightfully belong to others.
He cheated his own friend Steve Wozniak not once but several times.
At the most though he will probably have to step down and/or pay a fine for stealing from the other share holders.
Its not the first time he has stolen what would rightfully belong to others.
He cheated his own friend Steve Wozniak not once but several times.
Could we have facts and evidence instead of just aspersions please
it's kinda of strange.
dont you think?
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