* Apple May Need to Restate Historical Financial Statements
posted by Thom Holwerda on Fri 4th Aug 2006 12:07 UTC
IconApple Computer has discovered additional evidence of irregularities relating to past stock option grants and will likely need to restate its historical financial statements as a result, the company said on Thursday. In late June, Apple proactively announced that an internal investigation discovered irregularities related to the issuance of certain stock option grants made between 1997 and 2001.
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