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Technology Stocks : Apple Inc.

AAPL 259.48

+0.5%

Jan 30 9:30 AM EST

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From: NAG1	7/17/2006 10:05:57 AM
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Apple seems to be getting a pop from the Barons report from the weekend. I guess some people figured out that Apple also sells computers! What a shock. On a different note, found this little piece this morning 05:50 Study finds backdating of options widespread - NY Times The New York Times reports more than 2,000 companies appear to have used backdated stock options to sweeten their top executives' pay packages, according to a new study that suggests the practice is far more widespread than previously disclosed. The new statistical analysis, which comes amid a broadening federal inquiry of the practice of timing options to the stock market, estimates that 29.2% of companies have used backdated options and 13.6% of options granted to top executives from 1996 to 2005 were backdated or otherwise manipulated. Seems like Apple is not alone in this practice. Doesn't make it right but the big picture is bigger than I think anyone expected. Neal

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