Forgot your password?
typodupeerror

Apple Announces More Options Troubles 159

Posted by CowboyNeal
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."
This discussion has been archived. No new comments can be posted.

Apple Announces More Options Troubles

Comments Filter:

Biology is the only science in which multiplication means the same thing as division.

Working...