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


To: stock bull who wrote (70013)10/13/2007 2:25:09 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 213182
 
on backdating the SEC seems like they are indicting all "former" officers of all these companies and not the current ones. That doesn't really pass the smell test to me, but that seems like what they are doing.

If somebody was fired or stepped down due to backdating as a sacrificial lamb they get the book thrown at them. Current officers at all companies are being left alone.

So what Jobs has to fear is testimony in the Heinen case and thats pretty much it. But there are so many people being subpoenad from her case that somebody will implicate Jobs I suspect, especially since all they have to show is that he "knew" about backdating (and the CEO in the Brocade case was found guilty without proof he even knew- since the paperwork was filed by the finance dept under the CFO). The burden of proof is really thin.

SEC to Charge Marvell Tech for Backdating

Marvell said the SEC is not recommending any enforcement action against any current company officers at this time.

thestreet.com



To: stock bull who wrote (70013)10/13/2007 3:17:41 PM
From: inaflash  Respond to of 213182
 
Don't know if iPod battery news impacted June 05 performance, but it may have been one factor among many. Of course, it was the end of a long and drawn out problem and PR mess. How much that impacted the moves in the prior 2 years is even harder to attribute. Going forward about 3 months in 2005 to September, the stock continued to climb while the screen scratching issue was still simmering. It's really hard to say one way or another whether there's really much impact on these matters, but the conventional wisdom is that bad press and expenses supporting these issues can't help the bottom line and stock price.

finance.google.com

Apple to offer $50 credit in iPod suit
news.com

Correction: This story incorrectly reported the number of complaints that the law firm Girard Gibbs and DeBartolomeo received about iPod battery failure. The firm received 1,200 complaints.

Is this just because this represented a small portion of those affected, or just a small number of squeeky wheels? Of course, iPod volume is now 10X where it was then...getting ONLY 1000 complaints about any issue is probably great for 10M units sold.