NEW YORK (MarketWatch) - Shares of Apple Computer Inc.
9:17am 12/27/2006
AAPL81.51, -0.69, -0.8%) dropped 4% in preopen trades Wednesday after a news report suggested that some company officials may have falsified stock-option documents in the past to maximize profits for executives. The news report, which appeared on the Web site Law.com, said federal prosecutors are examining the documents to determine whether criminal charges should be filed. The story cited "individuals familiar with the case who requested anonymity." The report also said Chief Executive Steve Jobs has decided that he needs to hire his own attorney to deal with the Justice Department and Securities and Exchange Commission. Until now, Jobs has been represented by the company's outside law firm. Apple has previously said that its own internal investigation has found no misconduct by Jobs or other senior
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