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

To: Lizzie Tudor who wrote (69015)	9/22/2007 12:45:26 AM
From: Sr K	Read Replies (1) \| Respond to of 213177

It is not the backdating that was a problem. It is the statements in stock option plans and proxy statements that state that options are to e priced at "fmv" on the date of grant, and that if the backdating was for less than fmv, there was a need to expense the in the money amount. Something like that. It's a disclosure and accounting combination, AFAICT. I don't know that I've made any comment about Jobs on SI and what he should say or when, about options. His, at issue and that had been backdated, were cancelled and he got, in lieu, a stock grant and a plane.