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I’m a Mac. I’m the SEC.

I’m a Mac. I’m the SEC.

by Rick Turoczy on August 4, 2006

Apple Computer warned on Thursday that it will probably reduce profits posted since fall 2002 after uncovering additional evidence it didn’t correctly account for employee stock options.

The company did not provide details of what its investigation found when it notified the Securities and Exchange Commission on Thursday. Furthermore, it said it had not determined how large of a financial bite the earnings restatement will take, which periods are effected or what the accounting and tax implications would be.

I’m a Mac. I’m the SEC.

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