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Apple Announces More Options Troubles

Posted by ryuzaki0 on from the setting-the-record-straight dept.

fremen writes "Apple today announced that they will be withdrawing their financial reports back to September 29, 2002 and delaying the filing of future reports after finding more backdated options problems. Companies backdate their stock options by looking back over a period of time and choosing a historical low as the option strike price. While not illegal, this must be fully disclosed to investors and properly accounted. Expect more uncertainty in the coming weeks as regulators must now uncover how much of Apple's record profits were incorrect as well as whether or not Steve Jobs will be able to continue leading the company."

5 of 159 comments (clear)

  1. Even Microsoft has More Options Troubles.... by jkrise · · Score: 4, Funny

    Last I heard, there's gonna be Six Different Options to license a single release of their OS - namely, Windows Vista. And everyone from Dvorak to Thurrott has predicted lots of Options Troubles with Vista :-)

    Oh, wait!.. you meant Stock options? ... [hides under table]

    --
    If you keep throwing chairs, one day you'll break windows....
  2. I had problems reading TFA by $RANDOMLUSER · · Score: 3, Funny

    LOS ANGELES, Aug 3 (Reuters) - Apple Computer Inc. (AAPL.O: Quote, Profile, Research) said on Thursday it would likely need to restate earnings and will delay filing its quarterly report because of additional irregularities it found in its accounting of stock options and its shares fell 6.6 percent.

    PARSER STACK EXPLOSION.

    --
    No folly is more costly than the folly of intolerant idealism. - Winston Churchill
  3. Re:peran is a troll. by hlimethe3rd · · Score: 5, Funny

    1 out of 5? Maybe that was true too years ago. Now it's 5 of 5. 4 out of 5 people have ipods, and the other 1 bought an mp3 player that was so desperate to be an ipod that they made the ear buds white.

  4. Re:Schadenfreude by heinousjay · · Score: 2, Funny

    That's not real Swedish. There's no "bork, bork, bork" at the end.

    Try to fool me...

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    Slashdot - where whining about luck is the new way to make the world you want.
  5. Re:Steve Jobs leading Apple by Ohreally_factor · · Score: 2, Funny

    How can we fix this?

    I'm glad you asked that question, Comrade deekline+wizard. We, the masses, must overthrow capatalists such as Jobs in a violent revolution, so that the means of production will be in the hands of the workers.

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    It's not offtopic, dumbass. It's orthogonal.