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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST

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To: Lizzie Tudor who wrote (55730)8/11/2006 8:19:39 PM
From: OrionX  Read Replies (3) of 213176
 
"will you please quit making stuff up? Options backdating is legal."

Lizzie, I don't know SEC requirements but if backdating were legal, Apple and a slew of dozens of others wouldn't be fessing up to questionable options pricing dates. Frankly, I deem backdating illegal since as a shareholder I can't backdate my buys or sells so why should insiders be allowed to pilfer the shareholders? Companies should price options the day they're granted and not "let's take the low point several weeks or months ago when the stock go hammered". How many insiders made out like bandits when the stock dropped to $14 in 2002-3? How many insiders were there buying shares at those points in time?
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