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AAPL - may be delisted ???

by cardsbb9 / August 14, 2006 5:54 AM PDT

Found at: tradingmarkets.com

Apple Computer Inc. (AAPL) announced after the close on Friday that it will request a hearing before the NASDAQ Listing Qualifications Panel. The request is in response to the receipt of a NASDAQ Staff Determination letter, which indicates that the company is not in compliance with the filing requirements for continued listing.

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more information...
by udayan71 / August 14, 2006 7:01 AM PDT

In a statement Apple announced that it found questionable stock option grants for the period between 1997 and 2001 and mentioned that it is conducting an internal investigation:

"Based on the evidence of irregularities discovered to date, management has concluded, and the audit committee of the board of directors agrees, that the company will likely need to restate its historical financial statements."

Apple has requested a hearing before the NASDAQ Listing Qualifications Panel.

From CNET/ZDNET: http://news.zdnet.com/2100-1040_22-6104812.html

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totally no big deal
by latesound / August 14, 2006 8:07 AM PDT

the media is blowing this out of proportion. Its not like Apple was caught HIDING anything... they came out in front of things and voluntarily asked to re-file. Nasdaq isn't going to delist Apple for trying to be honest with shareholders!

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(NT) (NT) And today's trading ended up. Go figure?
by R. Proffitt Forum moderator / August 14, 2006 9:31 AM PDT
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(NT) (NT) "Reality Distortion Field"
by udayan71 / August 14, 2006 10:04 AM PDT
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Ya, I thought that was strange too
by awinn233 / August 14, 2006 1:16 PM PDT

The stock was down after Steve Jobs announced the new Mac Pro, but it's up after possible delisting of the stock... weird.

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(NT) (NT) late reaction?
by udayan71 / August 15, 2006 12:07 AM PDT
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