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Apple received delisting letter from Nasdaq

Posted: Fri Aug 11, 2006 11:06 pm
by subterFUSE

Posted: Fri Aug 11, 2006 11:19 pm
by Michael-SW
Formalities, basically. Apple has done bad things with employee stock options, but that doesn't really have anything at all to do with how the company is doing. It only means that they can't file a "clean" quarterly.

Posted: Fri Aug 11, 2006 11:26 pm
by DeadlyKungFu
Michael-SW wrote:Formalities, basically. Apple has done bad things with employee stock options, but that doesn't really have anything at all to do with how the company is doing. It only means that they can't file a "clean" quarterly.
It amounts to insider trading if they lied about stock grant dates. It could completely change the valuation of the company, let alone the effect of being delisted. There's a buttload of money at stake here.

I doubt I'll ever buy an Apple product but I hope they stick around, just to annoy Bill Gates.

Posted: Fri Aug 11, 2006 11:46 pm
by subterFUSE
Apple doesn't annoy Bill Gates.


In fact, Microsoft wants Apple around. When the anti-trust lawsuits fire up, Microsoft just points at Apple and says.... "Hey, we're not killing the competition.... just look.... we let Apple stick around." :lol:

Posted: Fri Aug 11, 2006 11:51 pm
by ethios4
And in fact, Microsoft bailed Apple out in the mid-90's in exchange for developing Office, and a fe other apps, for Mac. Microsoft needs Apple, and perhaps Apple needs Microsoft?

Posted: Sat Aug 12, 2006 12:02 am
by DeadlyKungFu
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Posted: Sat Aug 12, 2006 12:46 am
by Michael-SW
DeadlyKungFu wrote: It amounts to insider trading if they lied about stock grant dates. It could completely change the valuation of the company, let alone the effect of being delisted. There's a buttload of money at stake here.

I doubt I'll ever buy an Apple product but I hope they stick around, just to annoy Bill Gates.
Insider trading still doesn't have fuck to do with the viability of the company or the viability of the business. They might be fined, someone might get charged or at least fired. Of course Apple won't get delisted. The stock might drop and investors will be pissed off but that still doesn't have fuck to do with the actual business, as long as Apple isn't in immediate need for more cash (which they aren't AFAIK). A company's stock price has nothing to do with the company itself when it is due to technicalities like this.

If they had filed fraudulent quarterly results I would be worried - because that would indicate that there was something fundamentally wrong with the company itself and that it might go bust anytime soon. But this is nothing like that.

(I don't own any Apple products either and aren't likely to buy any so I'm certainly no Mac fan boy. )

Posted: Sat Aug 12, 2006 12:57 am
by Machinesworking
ethios4 wrote:And in fact, Microsoft bailed Apple out in the mid-90's in exchange for developing Office, and a fe other apps, for Mac. Microsoft needs Apple, and perhaps Apple needs Microsoft?
Actually Gates strong armed jobs into allowing him to buy 100 million dollars worth of Apple stock instead of paying directly for the lawsuits Apple won regarding Microsoft stealing parts of Apple's OS in order to design a GUI for Windows. Gates held out Office as a carrot, saying he would dump Office for the mac if he couldn't buy shares instead of just paying the court resolution. At that point Microsoft dropping Office would have killed Apple.

Same sort of shit they did to Compaq in regards to threatening to not license windows 95 OEM to them if they used Netscape instead of Explorer.

Posted: Sat Aug 12, 2006 1:09 am
by inis
Apples stock price also rarely has anything to do with their business it all. That stock it completely fueled by rumors and nifty gadget releases. Apple could announce any numbers they want with a new video iPod and the thing would sore 10 points in a day.

Posted: Sat Aug 12, 2006 2:32 am
by ethios4
Machinesworking wrote:
ethios4 wrote:And in fact, Microsoft bailed Apple out in the mid-90's in exchange for developing Office, and a fe other apps, for Mac. Microsoft needs Apple, and perhaps Apple needs Microsoft?
Actually Gates strong armed jobs into allowing him to buy 100 million dollars worth of Apple stock instead of paying directly for the lawsuits Apple won regarding Microsoft stealing parts of Apple's OS in order to design a GUI for Windows. Gates held out Office as a carrot, saying he would dump Office for the mac if he couldn't buy shares instead of just paying the court resolution. At that point Microsoft dropping Office would have killed Apple.

Same sort of shit they did to Compaq in regards to threatening to not license windows 95 OEM to them if they used Netscape instead of Explorer.
I better learn to research more carefully...