Is apple in trouble? I read this.

Discussion in 'Current Events' started by coffey7, Aug 6, 2006.

  1. Thomas Veil macrumors 68020

    Thomas Veil

    Joined:
    Feb 14, 2004
    Location:
    Reality
    #2
    Some. They'll certainly have to explain to the SEC what happened (as soon as they figure it out); they may be penalized; responsible parties may be removed (and possibly jailed); and of course profits will have to be restated.

    However, this doesn't appear to be nearly as bad as the Enron-type scandals we've seen in the past. That's why the article offers some hopeful signs:

    The prevailing attitude right now doesn't seem to be, "Hang 'em!" It appears to be, "How could such a bright company do something so dumb?"

    Apple has a lot of good will built up in business circles, which is going to help them immensely in the months to come.
     

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