Apple Inc. (AAPL) Investors Worried about Steve Jobs
Apple Computer shares were rattled in Europe after the Financial Times reported that CEO Steve Jobs had received stock options in 2001 without his board's approval. Federal investigators are looking into whether Apple falsified documents to make it look like the board had signed off. Apple is one of the biggest names among more than 190 companies facing questions about the distribution of stock options. The new developments are the worst news yet for Apple, said Rob Enderle of the research firm Enderle Group, because they raise doubts about whether Jobs "can stay with the company." (Bloomberg) Apple's stock dipped but quickly recovered after another troubling article earlier this week. (BusinessWeek Online) UBS Investment Research Analyst Ben Reitzes said that since Jobs himself remains unscathed, investors' fears are "overblown."
Published by APLabels: AAPL, Apple Computer Inc.
posted by Stock Administrator @ 10:17 AM
Apple Inc. (AAPL) Investors Worried about Steve Jobs
Apple Computer shares were rattled in Europe after the Financial Times reported that CEO Steve Jobs had received stock options in 2001 without his board's approval. Federal investigators are looking into whether Apple falsified documents to make it look like the board had signed off. Apple is one of the biggest names among more than 190 companies facing questions about the distribution of stock options. The new developments are the worst news yet for Apple, said Rob Enderle of the research firm Enderle Group, because they raise doubts about whether Jobs "can stay with the company." (Bloomberg) Apple's stock dipped but quickly recovered after another troubling article earlier this week. (BusinessWeek Online) UBS Investment Research Analyst Ben Reitzes said that since Jobs himself remains unscathed, investors' fears are "overblown."
Published by AP
Published by AP
Labels: AAPL, Apple Computer Inc.
posted by Stock Administrator @ 10:17 AM
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