Apple Shareholders Sue Apple
Posted by MonkeyClaw on 22 August 2006 - 13:38 · 39 comments & 12304 views
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MonkeyClawContact: via forum PM
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#1 Posted by Lasker on 22 Aug 2006 - 13:45
- wtf? apple is doing illegal stuff? is this the end of the world??? i can't believe it
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#2 Posted by yudi_lks on 22 Aug 2006 - 13:45
- Bad apple Bad
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#3 Posted by djesteban on 22 Aug 2006 - 13:57
- the rotten apple part 1
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#4 Posted by MrCobra on 22 Aug 2006 - 14:10
- Smash some Apples.
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(2 replies)
#5 Posted by jmc777 on 22 Aug 2006 - 14:14
- Rotten to the core!
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#5.1 Posted by Digital Oracle on 22 Aug 2006 - 15:26
- Core Duo
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(1 reply)
#6 Posted by xxdesmus on 22 Aug 2006 - 14:48
- Hah ... karma is a bitch ain't it?
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#6.1 Posted by Boiling Ice on 23 Aug 2006 - 08:28
- LOL
good one
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(1 reply)
#7 Posted by Cole on 22 Aug 2006 - 15:03
- I hope Apple isn't delisted from the stock exchange, I have stock in them.
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#7.1 Posted by guylaroche on 22 Aug 2006 - 16:18
- Perhaps now would be a good time to buy more (if they don't get delisted).... I'm assuming the price has fallen. Sooner or later they'll probably clear this up (I'm assuming!
and stock prices will go back up. 
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(2 replies)
#8 Posted by Divide Overflow on 22 Aug 2006 - 15:06
- Obligatory trolling comment. . .
Cupertino, start your shredders. -
#8.1 Posted by xxdesmus on 22 Aug 2006 - 15:32
- Quote - Divide Overflow said @ #8Obligatory trolling comment. . .
Cupertino, start your shredders.
I wish I had thought of that...
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(1 reply)
#9 Posted by jasondefaoite on 22 Aug 2006 - 15:09
- So much for Job's $1 salary eh?
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(4 replies)
#10 Posted by guylaroche on 22 Aug 2006 - 16:17
- Disappointing....
You would have thought they'd be happy with the excessive profits from their nice but grossly overpriced computers. Apparently they do "think different" than the rest of us law-abiding citizens!
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#10.1 Posted by McG on 22 Aug 2006 - 16:32
- Anyone ever notice that "Think different." is incorrect grammar in the way most people interpret it? There are two ways to think about saying "Think different.", but the way most people take it would require an '-ly' on the end.
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#10.3 Posted by Shiranui on 23 Aug 2006 - 02:10
- Quote - McG said @ #10.1Anyone ever notice that "Think different." is incorrect grammar in the way most people interpret it? There are two ways to think about saying "Think different.", but the way most people take it would require an '-ly' on the end.
Haven't you noticed? Americans have been trying to phase out -ly adverbs for years......
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#11 Posted by MonkeyClaw on 22 Aug 2006 - 16:52
- We aren't quite to enron stages so that graphic while funny is very inaccurate. Right now, no one knows enough info to make a good assessment. As it stands now, Jobs and other execs made no money off of these errors so I really do not think there is some evil sinister plan. And unless the shareholders suing have any info that we do not, then they really have no real basis for suing.
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#12 Posted by Chicane-UK on 22 Aug 2006 - 16:58
- To be fair if this story was about Microsoft, the Apple enthusiasts would be all over it so its no wonder this is getting similar heat from the MS fans!
Very weird. Hope they get it squared up and sorted soon though!
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#13 Posted by evo_spook on 22 Aug 2006 - 18:12
- The daft thing is these people are suing due to SJ, but without him coming back and taking charge then the share price wouldnt have risen so high in the first place.
At the moment as far as I can tell there has actually yet to be proved any wrong doing
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(2 replies)
#14 Posted by chisss on 22 Aug 2006 - 18:28
- it is NASDAQ not Nasdac...
Hey MonkeyClaw... do you work for apple? cuz you said WE.. how do you know??? -
#14.1 Posted by MonkeyClaw on 22 Aug 2006 - 19:32
- Quote - chisss said @ #14it is NASDAQ not Nasdac...
Hey MonkeyClaw... do you work for apple? cuz you said WE.. how do you know???
No, I meant we as in the public.
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(2 replies)
#15 Posted by Aahz on 22 Aug 2006 - 18:34
- Making an OS is one thing but being the fundamental source of the hardware needed to run said OS is much scarier. In that regard I've never understood why people are so threatened by MS but give Apple a big fat pass. You don't need the majority of the marketshare to be evil pricks
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#15.1 Posted by betasp on 22 Aug 2006 - 19:49
- ...never used a mainframe before have you.... OS coded to fit the hardware....
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#15.2 Posted by Divide Overflow on 23 Aug 2006 - 04:13
- Quote - betasp said @ #15.1...never used a mainframe before have you.... OS coded to fit the hardware....
Oh sure I have! I have a bunch of iSeries mainframes controlling my home automation system. . and I've got a couple of honest to god AS/400s I use as coffee tables. Doesn't everybody?
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(5 replies)
#16 Posted by evo_spook on 22 Aug 2006 - 18:39
- Scary? not really, nobody is forcing you to buy it.
Threatened by MS, thats cause, they will use there power and market share to shut down a competitor. -
#16.1 Posted by Aahz on 22 Aug 2006 - 19:15
- Actually yeah if I want the Apple made OS to work without doing what they refer to as an 'illegal install' then yes Apple IS forcing me to buy their hardware.
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#16.3 Posted by mrmckeb on 22 Aug 2006 - 23:18
- Quote - evo_spook said @ #16.2oh dear..............Actually Aahz is correct. Apple is forcing you to by their hardware if you want their OS, but it's not illegal. Just ruthless.
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#16.4 Posted by evo_spook on 22 Aug 2006 - 23:59
- Quote - mrmckeb said @ #16.3Quote - evo_spook said @ #16.2oh dear..............Actually Aahz is correct. Apple is forcing you to by their hardware if you want their OS, but it's not illegal. Just ruthless.
How old are you lot, cause there is sure a few dumb arguments
Cause that is not a correct argument to use when saying Apple is forcing you to buy their product if you want to use their product, in no way are they forcing you, you have a choice to make, want to use apple OS, fine you buy Apple hardware, otherwise you use on of the other multiple software solutions.
Its neither, ruthless either but just their business model. I find it strange that in the same sentance, there is talk of apple being nasty and ruthless while at the same time refering to illegal practices.
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#17 Posted by RAID 0 on 23 Aug 2006 - 02:14
- Apple fan boy alert! Go to DEFCON 4. Apple needs a "port" on the side of the machine, so people can make sweet love to their box. Watch out for the worm. No pun intended.
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#18 Posted by kyosuken on 23 Aug 2006 - 05:24
- Me want OSX to go full open source (and so not illegal anymore on x86 platforms) before they die xD
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#19 Posted by jessterw on 23 Aug 2006 - 05:34
- What's amusing is that out of all these comments, barely any know anything about the information they're "reading". This sort of thing isn't all the unusual and is by no means an absolute indication of blatant wrong doing.
As far as the shareholders go (and these aren't just anyone who owns Apple shares), they are a fickle bunch and their suing Apple is a rather expected occurence as well.
This whole situation is more of a wait and see ordeal than reason to start proclaiming any gloom and doom scenarios.
The shareholders claim Apple’s CEO Steve Jobs and other Apple executives, changed their option-grant dates to reap "millions of dollars in unlawful profits," and filed "false and misleading statements" with the U.S. Securities and Exchange Commission, according to a Bloomberg News report.
Nasdac has threatened to remove Apple from the stock exchange if the company fails to submit its latest financial report that will explain the reasons for the errors in options accounting.
Apple’s shareholders are likely to lose out if the company is delisted from the stock exchange.
Apple warned earlier this month that it would have to restate its historical financial statements to record non-cash charges for compensation expense relating to past stock option grants.
At the time, the company said it would delay filing a required quarterly financial report with the United States Securities and Exchange Commission (SEC) for its fiscal quarter that ended 1 July 2006, as it continues the investigation of stock option irregularities.
Apple has requested a hearing before the Nasdaq Listing Qualifications Panel to respond to a formal notice from the stock exchange that the company was not in compliance with the filing requirements for continued listing.