And now, the news you’ve all been waiting to hear: Apple has filed its 10-Q and 10-K forms with the Securities and Exchange Commission (as we reported earlier this month, Apple delayed filing the reports because of the options backdating irregularities). I know, I know—you’re foaming at the mouth for more details.
…the Company has recognized total additional non-cash stock-based compensation expense of $84 million after tax, including $4 million and $7 million in fiscal years 2006 and 2005, respectively. The restatement arises solely from certain stock option grants made between 1997 and 2002; the investigation found no grants after December 31, 2002 that required accounting adjustments.Clear as mud. More importantly, the internal investigation lead by former Vice President Al Gore found that Apple’s executive board and His Excellence Steven Paul Jobs in the clear—despite the somewhat glossed over fact that Jobs was apparently aware of the grants, though he didn’t benefit from them.
With the close of 2006 upon us, can Apple put its stock woes behind itself and plow ahead to a year of exciting products? As Apple’s stock was up on trading, to $85.32, we’re going to go with “Yes.”
[via Macworld]
But what we're really waiting for is the SEC, right? Do you guys know when they are going to make their decision?
Good news, but the whole thing haunts me a bit. How do u feel about an Apple after Jobs?
Great picture. Together with the headline, it was a good laugh.