Apple's backdating problems ... still there

Douglas,

Your lack of diligence in researching this snippit betrays your motive. The Justince Dept has officially announced that it has terminated its investigation into Apple's stock option backdating and plans to bring NO criminal charges against any Apple officer, past or present.

Your attempt to retread the NYT story (itself not newsworthy, as the lawsuit was filed months ago and will not succeed in the face of the facts as determined by the SEC and DoJ) with a bit of FUD is nothing more than a rather blatant attempt to increase short interest in the stock. Who are you trying to push the stock price down for? Yourself or someone you owe some favors to?

The Justice department has moved on - why can't you? 24/7 seems intent on bringing down the reputation of AAPL. Could it be someone behind the organization has an interest in shorting the stock?

Douglas,

Your lack of diligence in researching this snippit betrays your motive. The Justince Dept has officially announced that it has terminated its investigation into Apple's stock option backdating and plans to bring NO criminal charges against any Apple officer, past or present.

Your attempt to retread the NYT story (itself not newsworthy, as the lawsuit was filed months ago and will not succeed in the face of the facts as determined by the SEC and DoJ) with a bit of FUD is nothing more than a rather blatant attempt to increase short interest in the stock. Who are you trying to push the stock price down for? Yourself or someone you owe some favors to?

Once again we see the Apple fan boys defending unethical behavior because all they care about is the money they hope to make from their Apple stock. They attack anyone who reports any bad news about Apple. It seems like some people don't mind unethical behavior as long as they are making money, or hope to make money. This type of attitude is one of the reasons the whole sub-prime mess got out of hand.

Hey Doug
Are you still beating this dead horse?
Your inability to get any traction on this issue is laughable and a testament to your lack of credibility in the financial industry.
Since you have no clue about companies that produce products that are technically groundbreaking, maybe you should move on to a company like CROX.

It is unfortunate that our legal system allows unethical lawyers to bring frivolous civil lawsuits like this against successful companies in hopes of "extorting" settlement payments from them. Most of these suits are not initiated by shareholders, but rather by lawyers purporting to represent shareholders. They damage all shareholders by devoting company's time and resources away from creating shareholder value.

Since the Justice Departement has not moved on perhaps you should be the one to call them

From The New York Times. :The attorney’s office declined to comment on the status of investigations related to Apple option grants."

7-13-2008 @ 6:55PM
douglas mcintyre said...

Since the Justice Departement has not moved on perhaps you should be the one to call them

From The New York Times. :The attorney’s office declined to comment on the status of investigations related to Apple option grants."

Since when is a decline to comment the same as "not moving on?"

IT'S OVER DOUG...IT'S OVER...IT'S REPORTED AS OVER IN THE WSJ AS OF 3 DAYS AGO. YOUR BARRAGE OF FUD BLOGS THE PAST COUPLE DAYS AREN'T FOOLING ANYONE WHO'S PAYING ATTENTION.

How about this from the Wall Street Journal, dated July 10, 2008 (note that you did not give a date nor a name for anyone from the attorney's office):

By JUSTIN SCHECK and NICK WINGFIELD
July 10, 2008

"The Justice Department has ended its criminal investigation of backdated stock options at Apple Inc., deciding not to bring charges against the company or several current and former executives it had been probing for two years, people familiar with the case said.

A spokeswoman for the U.S. attorney's office in San Francisco, which was handling the case, declined to comment. An Apple spokesman also declined to comment.

But lawyers for two subjects of the investigation said they had been notified that the criminal inquiry is over."

Eric Savitz would not even run this story on his anti-Apple blog and he was asked why not about two days ago; his reply: "people aren't worried about this issue anymore." Well, isn't that interesting? You seem to be worried about it. Why don't you and Eric get together and sort this out as fellow bloggers. So, we have one AAPL basher who won't publish it because the DOJ investigation is over and here we have one AAPL basher who insists that since it isn't being covered and b/c there's a vague report that someone in some office somewhere won't comment on it, that it isn't over.

You don't even get an "E" for effort with this one.

Hey Doug, I remember you as a failed CEO of On2.com during dot.com. You couldn't position that company to do well, so now the only thing you can do is bash a company that is doing phenomenally well. Get some self respect and stop working for the shorts. There is still hope, maybe !!!

Isn't the SEC investigating false rumors used to harm a stock? Isn't the spreading of old news that has been brought to a conclusion while ignoring that conclusion a possible criminal act. Doug needs to print a highly visible retraction and apology or maybe this type of 'journalism' needs to be brought to the SEC's attention.

Wow, the fan boys are all rushing to defend Apple,
so their stock doesn't drop. The truth is Apple back-dated options and Jobs has admitted knowing about it. I don't own the stock and I'm not shorting it. I'm sure Apple had a legal department at the time this was all going down, did anyone ask them if back-dating was legal, or unethical? I would guess that someone must have. What about Apple's accounting department? Don't you think they knew about the back-dating? Like I said, the fan boys want this to go away, it's old news, it should be forgotten. I think if one of the big oil companies got caught back-dating options people wouldn't be saying "old news, forget about it, they were cleared by their own internal investigation." For the fan boys, keep defending and holding your Apple stock, for the rest of you, decide for yourselves. Do you really want to invest your money in a company like Apple? I don't.

Doug,

Apple just announced that it sold 1million IPhones with key sale coming on Sunday.

Back date that ............

Beltway Greg