Feeds

Apple may need to restate last 15 quarters

Stock options probe 'likely' to warrant restatements

Beginner's guide to SSL certificates

Apple is "likely" to restate its financial results from 29 September 2002 onwards following the discovery of further evidence of "irregularities" concerning stock options granted between 1997 and 2001, the company warned yesterday.

The Mac maker announced in June that it was commencing a third-party led independent investigation into the mishandling of the options awarded to top executives. The probe will cause the delay of the formal submission of Apple's Q3 results to the US Securities and Exchange Commission, the company also said yesterday.

That implies the numbers may have to be changed, a likelihood signalled by the announcement that the company may have to restate all its quarterly figures from Q1 FY2003 - the quarter that kicked off on 29 September 2002 - onwards. Apple's choice of words suggests it almost certianly will post new figures from then to now.

The announcement will fuel the lawsuits already underway against the company, filed in the light of its June revelation by investors who reckon they lost out as a result of the company's actions. ®

Intelligent flash storage arrays

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Apple spent just ONE DOLLAR beefing up the latest iPad Air 2
New iPads look a lot like the old one. There's a reason for that
Pixel mania: Apple 27-inch iMac with 5K Retina display
Cupertino computer in value for money shocker
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Microsoft fitness bands slapped on wrists: All YOUR HEALTH DATA are BELONG TO US
Wearable will deliver 'actionable insights for healthier living'
Caterham Seven 160 review: The Raspberry Pi of motoring
Back to driving's basics with a joyously legal high
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.