The Mac Observer

Skip navigational links

Featured Article: Podcast - Mac Geek Gab #158: Bad RAM, iSights, Drive Speeds, and Startup Shortcuts

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!

Observer Comments

Show: Subjects Only | Full Comments
Close Name:Planeten Paultje Posts: 67 Joined: 15 Apr 2004
Subject: Any proof?

Should be in the pudding. So far I have only read rumors.....

Comment on this Article


You cannot edit your comments.   You cannot delete your comments.
Log in | Register | Having Problems? Reset TMO Cookies & Try Again
Username:   Password:   Log me on automatically each visit   

You are not logged in, and this post will appear as "Guest." Log in with your username and password from the TMO forums. If you do not have a username, you can register here.
Please note that guests are limited to including a maximum of two URLs per post.


Post A Comment
  Subject


  Your Comments



Please enter the word exactly as you see it in the image above. Registered users aren't prompted for this. Having trouble reading the image get a new one.


Recent Headlines - Updated Friday, July 4th, 2008

Fri., 7:30 AM
Happy Fourth of July!
Thu., 4:50 PM
Apple Slashes $400 from SSD Drive in MacBook Air
4:05 PM
It's Official - Firefox Sets Guinness Record for Downloads
3:30 PM
Apple Files Patent for a Multi-touch Gesture Language
2:20 PM
Editorial - Mac's Market Share and the Cascade Failure of Windows
1:35 PM
iPodObserver - Apple Slurps Up Samsung's NAND Flash for iPhone 3G
1:05 PM
WSJ: Tips for Switching from Windows to Mac
12:05 PM
iPodObserver - Google Intros Google Talk for iPhone
11:35 AM
iPO Just a Thought - iPod nano Versus iPhone: Decisons, Decisions...
10:55 AM
YouTube Ordered to Turn Over All User Records to Viacom
10:10 AM
Hot Forum Topic - Apple vs. Cell Carriers: Who's Winning the Game
9:25 AM
iPodObserver - Rumor: Best Buy, Radio Shack to Sell iPhone 3G
8:45 AM
.Mac Bookmark Sync Deadline Extended to July 6
8:10 AM
Adobe Reader 9 Hits the Streets
 

The Mac Observer Reader Specials

  • Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
  • OWC: NewerTech miniStack FireWire/USB 2.0 HD & Hub Up to 1.0TB of Performance Storage + FW/USB2 Powered Hubs - convenient & sleek 6.5" x 6.5" x 1.5" Featured: 500GB $169.99; 750GB $209.99; 1.0TB $339.99
  • New MacPro Memory 800Mhz With Apple Spec Heat Sink 2GB $104 / 4GB $172 / 8GB $338. Click to Maximize your Macs...
  • Mac observers can now play Party Poker for Mac as well as Mac casino games by going to MacPokerOnline.com.
  • RamJet Memory: MacBook 1Gig $39, 2Gig $78, 4Gig $195! Mac Pro 2Gig $115, 4Gig $189! 500G Seagate SATA II $139! Click here
  • For the latest Apple products use Ciao a comparison website to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate cell phones.

  • Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
  • Special Report: WWDC 2008
  • Special Report: iPhone
  • __________
  • Help TMO Grow
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!
  • New Media Expo 2008

Apple Stock Quote

  • AAPL: $170.12. Change Today: +1.94.
  • (Prices delayed up to 20 minutes.)
  • Discuss in our Apple Finance Board

Hot Topics

Top Deals From DealsOnTheWeb