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Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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To: OrionX who wrote (55759)	8/11/2006 10:01:07 PM
From: aaplfan	of 213176

"Disclosure" Fine, let's be specific. How many companies amongst those in some sort of supposed options violation have disclosed such backdating facts? I don't think they would be scrambling now if they had. I agree with this statement and that's exactly where we are now. Only, we're also hearing about some fraud mixed in with a few of these companies (which has always been illegal and is confusing the issue.) My guess is that most of the companies involved (I believe it's over 1000) 'took the grey' as they always do and at the time felt that they had disclosed the grants and in doing so were covered. So here we are, big friggin' mess. But with it coming to light that more and more companies did it, and auditors signing off along the way, I think a case can be made by many companies that the standards of disclosure weren't clear at the time. If backdating is/was so prevalent and accepted as legal, it sure wasn't made obvious to the general shareholders otherwise why would we be having this discussion? I think this discussion is happening today because it a remaining area of legacy option granting practices that still hasn't been fully spelled out and cleaned up. For many years, companies legally treated options as if they were free. With expensing, things have changed dramatically. This is all good for shareholders... until companies find the next grey area to play in.

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