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

To: JP Sullivan who wrote (60070)	1/3/2007 9:27:24 PM
From: Cogito	Respond to of 213177

>>Apart from the "may-ness" of the article, it is true that at the time Jobs returned the options in exchange for the stock grants they (said options) were worthless. So, IMHO, he was "lucky" to have done what he did when he did. Nevertheless, we don't know what the real motivation for returning the options was. It could have been he knew they were not kosher and decided to do the "right" thing. It's a shame that all of this is happening when AAPL is riding one of its greatest moments ever. Absent this mess, the stock price would almost certainly be in the 90s.<< Winston - I think it's obvious that the options were exchanged for restricted shares because the options had become worthless. No other explanation is necessary. But that's irrelevant. The SEC will either decide to censure Jobs in some way or it won't. I'm sure that at the worst he will get the equivalent of a hand slap. I agree that the stock would probably be in the 90s right now if not for this small question. It does create just enough doubt about Apple's future to keep a lid on the stock. - Allen