BackdatedStockOptions posts
FeedApple avoids NASDAQ delisting
Last Friday the NASDAQ stated that it wouldn't delist Apple Computer, Inc. (NASDAQ: AAPL), pending a timely 10Q filing within the next two months. A number of observers had worried that Apple would be delisted as a result of the backdated stock options scandal. Being delisted would have had a deeply negative effect on the stock, even despite the great string of news the companies has had of late related to sales.
No doubt Apple's success of late lead to the NASDAQ's unwillingness to delist. Apple is a bit of a star company. It's much easier to kick a company once it is down, but while there is still some shine the NASDAQ will keep a wait and see attitude going on.
Apple ended the day up a single penny or 0.01%, to finish at $80.42.
Tobias Buckell is an author, freelancer, and professional blogger. He does not currently own Apple stock.
No doubt Apple's success of late lead to the NASDAQ's unwillingness to delist. Apple is a bit of a star company. It's much easier to kick a company once it is down, but while there is still some shine the NASDAQ will keep a wait and see attitude going on.
Apple ended the day up a single penny or 0.01%, to finish at $80.42.
Tobias Buckell is an author, freelancer, and professional blogger. He does not currently own Apple stock.
Apple after the bell 10/11/06: options issues spread further
Apple Computer, Inc (NASDAQ: AAPL) ended the day down 58 cents, 0.79%, to finish at $73.23, a second day of slight slumping for the computer manufacturer. One of the stories developing, covered in detail by Bloomberg, is that Steve Jobs might have benefited by a form of stock options handwaving although the investigative board maintains that Jobs is squeaky clean.Meanwhile, MacNN points out a new report saying two of the members involved in investigating the stock options irregularities may have been involved in granting backdated stock options themselves. If this is true, Apple will be facing a serious image problem with investors.
Apple after the bell 08/16/06: stock options issues seem contained
Apple ended the day at $67.98, up $1.53, a nice 2.3% increase in the price. No doubt increased confidence is returning as analysts like that at Merrill Lynch state their belief that Apple's stock options issues seem contained and won't drag the company down.Meanwhile Apple once again ranks first in customer service satisfaction for personal computers. This is Apple's third straight year on the top of the index, although Dell computers is nipping at Apple's heels. This satisfaction comes despite iPod issues and MacBook discoloration concerns by customers.
Apple after the bell 08/10/06: did Jobs grant options himself?
Apple ended the day at $64.07, up 48 cents at the market's close. This is an interesting reaction, as most of today's Apple news has had a negative spin. Even though Steve Jobs takes restricted stock as salary, and not options as some comments on Apple posts here have suggested, investigations are revealing that Steve Jobs presided over the compensation committee that granted the backdated options. Some analysts think bureaucratic layers between Jobs and the people making the decisions will keep him out, but what kind of leader does that portray him as? There could be some very negative PR for Jobs ahead.
Before the bell: Futures higher ahead of housing, jobless data
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
