Apple: Jobs Knew of Backdating
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Other Silicon Valley companies are also under scrutiny for their stock option granting practices.
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Editor's note: This story was reprinted from Computerworld. For more of Computerworld's coverage of the Mac, visit its Mac Knowledge Center.
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Apple Inc.'s computer business may seem like it's taken a back seat lately to its flashy younger siblings, the iPod and iPhone, but Macs are still a key part of the family. Apple CEO Steve Jobs is expected to use his speech at the Apple Worldwide Developers Conference on Monday to highlight the upcoming release of Mac OS X, showing that Apple remains a computer company even after dropping "Computer" from its name in January.
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Apple Inc  Chief Executive  Steve Jobs was asked by U.S. securities regulators to give a  deposition in a lawsuit against the company's former general  counsel involving stock options backdating, Bloomberg reported,  citing two people familiar with the matter.
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In an apparent about-face, Apple Inc. will allow third-party applications to work directly on the iPhone, Chief Executive Steve Jobs said in a posting on the company's Web site WednesdaY
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Blog: Live updates from Apple CEO Steve Jobs' keynote speech at the company's Worldwide Developers Conference in San Francisco.
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Apple Inc  Chief Executive Steve Jobs has been asked by U.S. securities regulators to give a deposition in a stock options backdating lawsuit against the company's former general counsel, Bloomberg reported on Thursday, citing two people familiar with the matter.
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Steve Jobs famously kicked off 2003 by declaring it âThe Year of the Laptop.â The Apple CEO never made a similar declaration about 2004, but thereâs little doubt as to which Apple-made portable device dominated the last 12 months.
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Apple Inc  Chief Executive  Steve Jobs was asked by U.S. securities regulators to give a  deposition in a lawsuit against the company's former general  counsel involving stock options backdating, a person familiar  with the matter said on Thursday.
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Time for the MacBook Air reveal--it's a signature Steve Jobs moment.
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When Apple said it was going to make an announcement at the Moscone Center in San Francisco next week, it triggered an elaborate and familiar guessing game.
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After issuing seven patches as part of its monthly round of updates earlier this week, Microsoft recalled a fix for the Mac version of its Microsoft Office productivity suite. According to a posting on Microsoft's Security Response Center site, the updates were "accidentally published" before full testing was complete.
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The announcements coming out of Macworld Expo from Steve Jobs range from âgotta have itâ to âweâll see.â
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By Troy Wolverton, San Jose Mercury News, Calif.  Feb. 9--Already under scrutiny for his role in misdated stock options at  Apple, Steve Jobs is facing growing questions about whether he was involved in  similar problems at Pixar.
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(InfoWorld) - Apple CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission (SEC) to give a deposition in the stock option backdating lawsuit against former Apple General Counsel, Nancy Heinen. Citing two sources familiar with the case,Â Bloomberg reportsÂ that the subpoena is not part of an SEC investigation. Jobs' testimony is required as part of aÂ lawsuit brought against Heinen by the SECÂ in April 2007. Heinen is the only former Apple executive charged in the backdating scandal.Â Apple's internal investigation cleared all current executivesÂ of any wrongdoing and the SEC reached a deal with former CFO Fred Anderson in the case. Apple representatives were not immediately available to comment. The SEC says that Heinen granted 4.8 million options to six Apple executives, including herself, Anderson and CEO Steve Jobs, in February 2001. To avoid reporting an US$18.9 million compensation charge, Heinen backdated the options to January 17 when the company share price was much lower, the SEC said. She then told her staff to prepare false documents showing the board of directors had acted on that day. Later, in December 2001, the company granted 7.5 million options to Jobs. Again, Heinen avoided a $20.3 million charge by drafting minutes for a fake board meeting she said happened on Oct. 19, the SEC said. That meeting had never occurred. Heinen has maintained her innocence in the case and a statement by her lawyers said, "Nancy Heinen's integrity is unimpeachable."Apple's backdating problems started in June 2006, when the company announced thatÂ an internal probeÂ had found some irregularities in some option grants issued between 1997 and 2001. Four months later, Apple said a special committee hadÂ found irregularities in 15 of the grantsÂ made between 1999 and 2002. The internal investigation also found that Jobs was aware that favorable grant dates had been selected but didn't receive or benefit from those grants and was "unaware" of the accounting implications. In late December,Â Apple disclosed more backdating-related news,Â again clearing current executives and taking an $84 million charge on its restated earnings. Macworld is an InfoWorld affiliate.
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Mac fans, brace for impact: The annual speculation about what Steve Jobs has up his sleeve is already at full throttle. At the top of the rumor mill's leaderboard? A very small subnotebook.
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The devil is in the detail for Apple TV Comment Getting into the mind of Steve Jobs isn't all that simple, and sometimes you just have to wait until he tells you what went through his mind in order to explain the latest Apple phenomena. But the picture around Apple TV is starting to clear with some rumours and snippets revealed this week.â¦