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,...
Please join StudyMode to read the full document