Apple Stock

Only available on StudyMode
  • Download(s) : 105
  • Published : November 9, 2010
Open Document
Text Preview
Important Events Affecting Apple, Inc. Stock
There have been numerous events that affected Apple Stock. The events will be detailed below, and how much a particular event affected Apple, Inc. stock. Events that affected Apple stock could range from unveiling of a new and a promising innovative product or disappointing earnings. The following briefs important events affecting Apple stock over 1 year.

- April 19, 2006: Apple Computer, Inc. announced that it expected its third quarter revenues to be around $4.2-$4.4 billion, GAAP earnings of $.39-$.43 per share, translating to non-GAAP earnings of $.43-$.47 per share. Analysts expect non-GAAP earnings of $0.47 per share on revenues of $4.72 billion in the same period. - May 8, 2006: Apple Computer, Inc. won a lawsuit against Beatles. The London Court ruled that Apple Computer, Inc. was not liable for trademark infringement against Apple Corps. - May 19, 2006: Apple Computer, Inc. filed a counter-suit against Creative Technology for dispute over patent rights over rival digital music players. - June 29, 2006: Apple Computer, Inc discovered irregularities related to the issuance of certain stock option grants made between 1997 and 2001, Apple investigates the issue. - July 6, 2006: Two lawsuits have been filed against Apple for its irregularities in its Stock Options grants. - August 3, 2006: Apple delayed filing of its Form 10-Q for the quarter ended July 1, 2006 as it investigated its stock option irregularities. Apple appointed an independent counsel to perform the investigation. - August 6, 2006: Wall Street Journal reported several irregularities in Apple's stock option grants between 1997 and 2001. Apple mentioned that one of the awards involved Steve Jobs. - August 11, 2006: NASDAQ Staff Determination issues Apple Computer, Inc. for not complying with filing requirements. Apple Computer, Inc. announced that the Company would request a hearing before the NASDAQ Listing Qualifications Panel. - October 4,...
tracking img