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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Done, gone. who wrote (59951)12/29/2006 6:16:03 PM
From: slacker711  Read Replies (1) | Respond to of 213182
 
Personally I think saying Apple "faked a board meeting" is total BS.

Management may or may not have known, but I dont know how else you can interpret this statement.

The grant was dated October 19, 2001, with an exercise price of $18.30. The approval for the grant was improperly recorded as occurring at a special Board meeting on October 19, 2001. Such a special Board meeting did not occur.

I would probably say that Apple "made up" a board meeting instead of using the word faked, but now we are down to semantics.

Slacker



To: Done, gone. who wrote (59951)12/29/2006 9:18:21 PM
From: OrionX  Read Replies (1) | Respond to of 213182
 
Sorry but case isn't closed till the SEC says so.
A company policing itself is what SOX and all the other changes about full disclosure are about. If something looks fishy at a company, financial or otherwise, it's the responsibility of the SEC and other bodies to make a final conclusion. Apple saying there's nothing wrong won't cut the mustard. It may have worked 10 years ago but not these days! Just because shareholder were gullible enough to bid up the shares today, doesn't mean case closed by any long shot!