Apple corporation stock option backdating scandal

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The court did not go nearly as far for Reye's co-defendant, Stephanie Jensen, Brocade's Vice-President of the Human Resources Department.

The deposition was never made public until Forbes published it on Friday, after obtaining it through a Freedom of Information Act request.

CUPERTINO, California — October 4, 2006 — Apple® today announced that the special committee of its board of directors has reported its findings after a three month investigation into Apple’s stock option practices.

The special committee of outside directors, together with independent counsel and accountants, examined more than 650,000 emails and documents, and conducted interviews with more than 40 current and former employees, directors and advisors.

The company and its independent auditors are reviewing recent accounting guidance published by the SEC, and have not yet determined the amount of such charges, the resulting tax and accounting impact, or which periods may require restatement.

The company continues to proactively inform the SEC of its findings.

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