Apple options granted before stock jump: report
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Several options grants to top  executives at Apple Computer Inc.  were dated just  before sharp increases in its stock between 1997 and 2001, the  Wall Street Journal reported on Monday, citing a review of  regulatory filings.
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Apple Computer Inc. , which  is undergoing an independent investigation into its historical  stock option practices, filed with the U.S. Securities and  Exchange Commission on Friday to delay its 10-K annual report  filing.
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NEW YORK -- Apple Computer Inc. said Friday it has delayed filing its annual report with the Securities and Exchange Commission due to its ongoing investigation into stock option grants.
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Apple Computer Inc. AAPL.O said   on Thursday an internal probe uncovered irregularities related   to the company's issuance of stock option grants between 1997   and 2001.
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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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(InfoWorld) - New allegations have surfaced that Apple Inc. CEO Steve Jobs was involved in backdating stock-option grants improperly while chairman of the animated movie studio Pixar Inc. The Wall Street Journal reported Friday that Jobs approved a March 2001 employment contract with "Toy Story" director John Lasseter that granted Lasseter Pixar stock options priced in December 2000, three months before the contract was signed and when the stock price was at its lowest level of the year. Although the Journal reports it is not clear whether Jobs picked the December stock options pricing date, his signature, on behalf of Pixar, is on Lasseter's contract. Stock-options backdating is not illegal, per se, but there are U.S. Securities and Exchange Commission (SEC) regulations on how they must be accounted for and disclosed to shareholders. Pixar Inc. has since been acquired by The Walt Disney Co., Jobs now sits on Disney's board and is its largest individual shareholder. Disney said it is conducting its own investigation of Pixar stock-options practices. The U.S. Attorney's Office in San Francisco and the SEC have been investigating stock-options backdating actions at Apple and other companies. Calls to the U.S. Attorney's Office, Apple and Disney were not immediately returned.
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Apple Computer Inc. AAPL.O said on  Friday it has set a 2-for-1 split of its common stock and a  proportional increase in the number of its shares authorized  from 900 million to 1.8 billion.
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Apple Computer (Nasdaq: AAPL) announced a two-for-one stock split, giving investors one additional share of stock for each one they already own. After the announcement, the company's share price rose almost 4 percent.
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Apple Computer Inc.  said on Friday it has set a 2-for-1 split of its common stock and a proportional increase in the number of its shares authorized from 900 million to 1.8 billion.
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Apple Computer Inc. AAPL.O shares  jumped as much as 16 percent on Monday, to their highest level  in more than 4 years, after a Wall Street analyst nearly  doubled his price target on the stock.
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A rollercoaster year for Apple stock looks poised to end on a high note as shares briefly broke the $200 mark on Wednesday.
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Apple Computer Inc.  shares jumped as much as 16 percent on Monday, to their highest level in more than 4 years, after a Wall Street analyst nearly doubled his price target on the stock.
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CUPTERTINO, Calif. -- Apple Inc. said Tuesday its fiscal first-quarter earnings jumped about 57 percent, aided by iPod and iPhone sales, but shares plunged on an outlook that was well below expectations.
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Apple Computer Inc. stock hit a four-year high on Monday following the release of a report from Piper Jaffray analyst Gene Munster.
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The Nasdaq composite index jumped on Monday, outstripping gains on the Dow and S&P 500, as investors piled into technology shares ahead of Apple Inc's  quarterly earnings report.
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Shares of Apple Computer Inc.AAPL.O  rose more than 10 percent in early trade on Thursday, boosted  by its report that quarterly profit and revenue jumped on  robust sales of its iPod digital music players, and optimism  for results in the current quarter.
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Shares of Apple Computer Inc.  AAPL.O rose to an almost four-year high on Thursday ahead of  the launch of Hewlett-Packard Co.'s HPQ.N version of the iPod  digital music player and Apple's revamped iMac computer.