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MacBytes
Aug 4, 2006, 11:33 PM
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Category: News and Press Releases
Link: Investors Try to Assess Apple Fallout (http://www.macbytes.com/link.php?sid=20060805003311)
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Posted on MacBytes.com (http://www.macbytes.com)
Approved by Mudbug

mkjellman
Aug 5, 2006, 09:19 AM
not good. not good.

gauchogolfer
Aug 5, 2006, 09:26 AM
not good. not good.

From the article:
"This issue slightly tarnishes Apple's squeaky clean image, but, more importantly, this does not impact Apple's underlying fundamentals," Piper Jaffray analyst Gene Munster wrote in a Friday note.

Optimism like that has helped Apple weather the stock option storm remarkably well so far.

Despite Friday's downturn, Apple's stock remained 16 percent above its value before the company's late June disclosure of "irregularities" in the handling of options given to employees between 1997 and 2001.

I think that this will have a temporary effect on Apple, but long term it's not a huge problem. Apple is in relatively good shape compared to some others.