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9/15/2006
Apple Avoids SEC Investigation on Options Backdating
At least that's the tale that Steve Jobs is telling. He had this to say in an interview conducted in connection with Apple's recent Showtime event, which debuted several new products and solidified Apple's move into digital downloads of feature films, via the company's juggernaut iTunes store:
"We're mostly focused on our own house right now," Jobs told CNBC in an interview broadcast on Tuesday. "And we're not under investigation by the SEC or anyone else."

"But we did discover -- you know with all the press around this -- we started our own investigation and we did discover some irregularities and we're letting that investigation have its due course," he said. "And it will be completed in the not too terribly distant future."

Jobs added that Apple is "not really talking about it until that investigation is done," just to give the investigators "the benefit of doing a completely independent investigation."
More here.

-- MDT

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