The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Analyst: Stock Probe Documents Unlikely to Impact Apple CEO

Analyst: Stock Probe Documents Unlikely to Impact Apple CEO

by , 12:30 PM EST, December 27th, 2006

The revelation that Apple may have falsified certain documents relating to some stock option grants is not likely to have any direct impact on the company's CEO, Steve Jobs according to Piper Jaffray analyst Gene Munster. He expects that if Friday's SEC filing shows company executives did produce fake records to enhance the profits of backdated stock options, the documents will also show that Mr. Jobs was not involved in the activities.

Mr. Munster speculates that there is a less than five percent chance that Mr. Jobs was involved in any document falsification. He comments "There are 2 reasons why we do not believe Steve Jobs was involved: 1) Apple's internal investigation found no involvement by any current officers, and 2) we do not believe Jobs had a general interest in compensation matters, let alone an interest in falsifying documents related to compensation."

A report on Law.com noted that Mr. Jobs has hired his own legal counsel, leading some to speculate that Apple's CEO expects to be implicated the the stock options scandal. Mr. Munster responded with "Regarding the supposed hiring of a separate legal counsel by Jobs, we do not see this as surprising. We would have expected that he have his own legal counsel for the duration of the options investigation."

Apple's stock took a hit after the news that some executives may have been falsifying documents. It is, however, starting to climb back up again. Currently, Apple stock is trading at US$80.20, down 1.31 (1.61%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Digg!

Recent Headlines - Updated February 28th

Fri,8:54 PM
Apple Death Knell #68: Apple’s Stock Will Collapse Because iPhone Is Too Important
7:32 PM
Last Chance: Pay What You Want for the Learn to Design Bundle
4:30 PM
What to Expect During Apple’s March 9 Media Event
1:09 PM
TMO Daily Observations 2015-02-27: Apple Watch Media Event Smackdown
11:20 AM
Ericsson Sues Apple after Failing to Reach Patent License Agreement
10:01 AM
Analyst: Apple Watch Edition to Cost $950
8:55 AM
QuickTime & Yosemite: Recording Your iPhone or iPad Screen with iOS 8
Thu,8:36 PM
Apple Opens iWork for iCloud to Everyone
7:53 PM
This Is Why You Should Set Up Philips Hue LED Smartbulbs
7:15 PM
Apple Rumored to Bring Touch ID to Macs
4:40 PM
Last Chance To Save 55% On The Code Black HD Camera Drone
3:54 PM
FCC Reclassifies Internet Providers in Net Neutrality Vote
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!