Filed under: Apple Corporate, Apple Financial, Bad Apple, Apple
Nasdaq warns Apple of non-compliance
Following reports of possible stock option improprieties by Apple executives and continuing internal and external investigations of these concerns, Apple has announced that it will delay the filing of its Q3 quarterly earnings reports until it is satisfied that the issues have been properly accounted for and addressed. Delay of the filing puts Apple out of compliance with Nasdaq regulations, and continued non-compliance without taking proper measures are grounds for Nasdaq to cease listing of Apple shares.
Apple has said it's stock will remain listed pending a hearing and decision by the Nasdaq listing qualifications board.
Despite these issues, perhaps because Apple itself–and not a third party, uncovered the irregularities, Apple stock has remained fairly stable.
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Reader Comments (Page 1 of 1)
Anonymous from Cupen. said 2:32PM on 8-14-2006
Actually there were some problems from inside, but they have been dealt with. Two employees (higher up executives) were fired and the accounting errors are being investigated with the help of external F.B.I. I wish that Apple would report this stuff, but they are two "anal" to let ANYTHING out.
Thanks for the paycheck Steve Jobs, but seriously..... do you have to send out an internal memo, but NOT tell the damn public?!
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Speed42 said 3:39PM on 8-14-2006
I also read that Apple's internal investigation should be complete before the NASDAQ hearing is. So maybe NASDAQ will let Apple off with a 3-day grounding and no MacTV for a week or something.
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Grammarian said 9:43PM on 8-14-2006
Oh, dear God, please learn the appropriate use of an apostrophe!
It's = it is. Always. No exceptions.
Its = something that belongs to it.
Pass it on.
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Greg said 2:33PM on 8-16-2006
Re: its. I was confused by its vs. it's for a long time. I don't remember the proper use being taught to me in school. However, after having it explained, it now makes a lot of sense.
"its" is the same sort of word as "his" and "hers" neither of which have apostrophes.
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Bill Eccles said 10:59AM on 8-17-2006
Hey, Grammarian, of course you're right, but I hadn't seen it explained until Greg just did.
Now it makes a lot more sense than it used to.
(Whose is another oddball that confused me, too.)
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