Posted on Sunday, August 13 2006 @ 0:30 CEST by Thomas De Maesschalck
Last Friday Apple received a delisting warning from Nasdaq because the company has delayed the filing of its most-recent quarterly financial report.
The letter came on the same day Apple officially notified federal securities regulators that it would delay filing its quarterly report, or 10-Q, for the quarter ended July 1, until an outside legal counsel completes an investigation into how the company accounted for employee stock options.
The company reiterated to the Securities and Exchange Commission in Friday's filing what it had already revealed on Aug. 3, when it also said it would restate some past financial results based on an internal inquiry into options granted to executives and other employees between 1997 and 2001.
More info at Market Watch.
