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Apple Computer Stock Option Irregularities
- Thread starter iGary
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m-dogg
macrumors 65816
I think a lot of companies are going through this right now, and it really isn't specific to tech companies.
It says there were "irregularities" in some grants for stock options made in the years 1997 through 2001 according to the Sarbanes-Oxley law passed in 2002. So it wasn't illegal when they did it. Questionable? Maybe...but not illegal. It's not like Apple is another Enron here folks...
The detail I found intersting was the fact that those options expired without Jobs ever cashing them in. That's like throwing money away! Though it must help Apple - If they don't have to pay out those options, that's money they save.
It says there were "irregularities" in some grants for stock options made in the years 1997 through 2001 according to the Sarbanes-Oxley law passed in 2002. So it wasn't illegal when they did it. Questionable? Maybe...but not illegal. It's not like Apple is another Enron here folks...
The detail I found intersting was the fact that those options expired without Jobs ever cashing them in. That's like throwing money away! Though it must help Apple - If they don't have to pay out those options, that's money they save.
Those options could have been underwater so there was no real money lost.m-dogg said:
Also, it is yet to be seen if these turns into another 'Enron'. They all start off with "irregularities" and then some develop it congressional hearings and jail time for the execs and others don't. Let's just hope this is as benign and painless as possible.
maelstromr
macrumors 6502
macintel4me said:
How ridiculous, the SEC reviews and considers hundreds of companies everyday - it's just their job. It's a regulatory Commission ladies and gents, not the US Attorney or State AG after Apple. While in theory these things can cause trouble, transparency and due diligence once discovering "irregularities" goes a long way. Calm down and stop selling your stock.
Rocketman
macrumors 603
macaddict06 said:
This is merely a buying opportunity for the stock. Apple has yet to release the updated Powermac which is a major profit cennter for the firm, as well as the updated Xserve which is likely to be the best enterprise adopted system from Apple yet.
That and increased size iPods from that wave of flash memory they have been hoarding from the top 5 suppliers. All good news. Apple has become a bit of a high beta stock. Take advantage of that. Buy now on margin and sell the next time there are clains the sky is the limit. Usually it turns out to be true. It is the limit.
Expect to hear a stock buy-back announcement as well.
Rocketman
playaj82
macrumors regular
The problem with all of these Apple stock discussions are the misconceptions people have about why it is or isn't going down.
People see the stock go from $80 to $55 and start freaking out, sell their stock, it goes down again, then it goes back up, etc.....
This is the market.
Any reasonable person who is buying a stock based on their financials rather than their HYPE, understands that Apple is a good buy because Apple is a solid company.
I would bet that if some other company in a different market like steel, consulting, or really anything besides computers had the same financials as Apple, you wouldn't see all of this up and down with the stock.
The hype is what has been hurting Apple, not their lack of sales, lack of ingenuity, or serious missteps by the management. Apple delivers on its promises because it doesn't make them unless they know they can do it. I'm glad future products stay secret, then I don't always feel let down when things don't work out.
I'll take a stock any day whose ratios outperform the market, and who has plenty of cash in their reserves with a history of spending it on future R&D.
People see the stock go from $80 to $55 and start freaking out, sell their stock, it goes down again, then it goes back up, etc.....
This is the market.
Any reasonable person who is buying a stock based on their financials rather than their HYPE, understands that Apple is a good buy because Apple is a solid company.
I would bet that if some other company in a different market like steel, consulting, or really anything besides computers had the same financials as Apple, you wouldn't see all of this up and down with the stock.
The hype is what has been hurting Apple, not their lack of sales, lack of ingenuity, or serious missteps by the management. Apple delivers on its promises because it doesn't make them unless they know they can do it. I'm glad future products stay secret, then I don't always feel let down when things don't work out.
I'll take a stock any day whose ratios outperform the market, and who has plenty of cash in their reserves with a history of spending it on future R&D.
celebrian23
macrumors 65816
The microscope is on Apple now...
Apple has just attracted way too much attention with its popularity. A lot of companies are losing millions to Apple. Times are changing as there is increased resistance to become the number one computer company in the world. It's just going to get uglier.
At some point the focus will be turned back on the fundamentals that made Apple what it is today, but for now it's going to be one law suite after another and now this.
Apple has just attracted way too much attention with its popularity. A lot of companies are losing millions to Apple. Times are changing as there is increased resistance to become the number one computer company in the world. It's just going to get uglier.
At some point the focus will be turned back on the fundamentals that made Apple what it is today, but for now it's going to be one law suite after another and now this.