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


To: Doren who wrote (68662)9/16/2007 1:31:19 AM
From: Lizzie Tudor  Read Replies (3) | Respond to of 213177
 
no I don't think Jobs will be indicted.

What I think will happen is that these obscure people will be scapegoated, like that KLA woman and Brocade conviction. KLA and Brocade are decent sized companies but they are not MSFT or Apple. The problem is the Apple execs and MSFT execs are more guilty than Brocade and KLA, because the large companies set the tone in this practice. Anybody at Brocade who thought backdated options needed to be expensed would just look at Apples quarterlies and see no expensing- since Brocade was hiring all these apple people like Morris Taradalsky so BRCD knew apple backdated (everybody did) and no expense.

I just think a huge injustice is occurring and I'm pissed about it basically. What I don't like is all the grandstanding here from some indian guys sending me PMs about how "clean" MSFT is when MSFT practically invented this. Its BS.

I got a bunch of PMs from people when I called GV Tucker on his "they stole from the company" post a few days back, its ridiculous. The CEO of brocade built brocade from scratch and is a benevolent guy who never received any backdated options.... but he "stole". What a bunch of crap. There are whole armies of people in the world kind of like Nancy Grace that somehow delight in the misfortunes of others, maybe that is what this is about.

The Reyes lawyers put forth that exact argument from the legal pad where the Apple judge is questioning how fraud can occur when the stock price was not affected..... and in the Reyes case it was slammed by the judge. You can read about it here - the comments are pretty good too. The judge has concluded backdated options are used to hide expenses which is so far from the truth I don't know what to think (backdated options are used to lock in employees for 4 years with a hiring bonus he can't get until he vests)
legalpad.blogs.fortune.com

I don't believe in 2 sets of laws and hopefully nobody on this thread does either. The brocade CEO was convicted on 10 FELONY counts for this victimless crime that is obviously non-material to investors despite the crap bantered about on this thread. If options expenses were material to the 15 people that rec'd GV Tuckers post, then they should be shorting Apple or as a minimum selling. 10 felony counts is 20 years hard time.