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

To: Lizzie Tudor who wrote (68648)	9/14/2007 3:20:04 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 213177

more BS options backdating news>> Judge Skeptical of Apple Backdating Suit On Friday, Eisenhofer tried to convince Fogel that the options awards, by diluting shareholders’ stock, effectively lowered its value. As he put it in a court filing, “the issuance of more than 200 million shares as a result of the false and misleading proxy solicitations — amounting to more than 20 percent of the company’s outstanding stock — results in dilution to plaintiffs’ economic interests in their shareholdings and effects a transfer of the same percentage of voting power and wealth from Apple’s public shareholders to the company’s insiders.” legalpad.typepad.com I agree with the comment at the end of this piece that the bar has already been set by the Reyes case where this practice of backdating was deemed stealing, and therefore Apple the company and Apple execs need to be prosecuted criminally..... OR all suits need to be dropped. Apple being a large company has much more liability with these than the little fish the SEC is prosecuting. Right now what the government is doing is basically giving apple a pass because the public doesn't support a criminal complaint against Jobs even through he is more guilty than Reyes and this is not justice.