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Apple made 'irregular' option grants to Jobs, other execs

Posted Jun 29th 2006 4:59PM by Sarah Gilbert (RSS feed)
Filed under: After the Bell, Bad News, Management, Insiders, Apple Inc (AAPL)

Investors wonder whether Apple Computer may have backdated option grants, or reset the grant date (and therefore, strike price) to make them more attractive for the recipients, as the company announced today just after the bell that it found "irregularities" in certain option grants several years ago.

One of the irregular grants was made to Steve Jobs, sometime between 1997 and 2001, although Apple says that it was cancelled quickly and the company's CEO made no financial gain as a result.

While it's certainly commendable that Apple is being proactive about the announcement, I can only wonder whether some other employees did record a significant gain in those boom years of 1999 and 2000 -- when this sort of crooked practice was whispered to be quite common.

Apple after the bell 6/28/06: dropping still, possible iPod delays, earnings reports coming soon

Posted Jun 28th 2006 5:15PM by Tobias Buckell (RSS feed)
Filed under: After the Bell, Deals, Rumors, Products and Services, Industry, Competitive Strategy, Apple Inc (AAPL)

Apple closed today at $56.02, down $1.41, a 2.46% drop in its price, following another dramatic dip yesterday of 2.46, giving us an over 5% dip in the last two days.

Todays slide is most likely due to the fact that investors are finding out about a possible delay in iPod updates. Apple is swapping integrated chip suppliers. The company making the video and audio processor, PortalPlayer, is being dropped. Samsung is rumored to be the new supplier.

From the outside of the Apple world, many investors look at the iPod as being one of the main, if not the main, leg that Apple stands on. Any iPod related news will have an effect on the company.

[Disclosure: I own Apple stock at the date of this post]

Continue reading Apple after the bell 6/28/06: dropping still, possible iPod delays, earnings reports coming soon