This could be very Enron like or of course nothing at all... ______ Apple Options Probe Widens Apple Computer says it expects to restate some of its financial results as a probe into its granting of stock options widens, threatening years of profits. The notice of further evidence of "irregularities" comes as Apple has been riding its wildly popular iPod digital music player to the most profitable period in its 30-year history. Fueled largely by steadily rising iPod sales, Apple has reported $3.1 billion in profit during the past four years. Without providing specifics, the computer and software maker said late Thursday it had uncovered enough evidence of mishandled stock options to raise doubts about the accuracy of its financial statements dating back to Sept. 29, 2002. The developments threaten to rattle investors, based on how Wall Street has punished other companies that have recently disclosed potential accounting problems caused by stock option improprieties. full article link
It could be... but at least Apple is still coming out with new products that are successful, tangible, and actually have some functionality. Enron was selling/managing something that couldn't be seen... and nobody could question if they were actually doing what they said they were doing (until the numbers came out).
Maybe they're too busy trying to fix security flaws in OS X to do proper accounting... http://news.com.com/Apple+fixes+26+Mac+OS+flaws/2100-1002_3-6101192.html (y'all patch up!)
