Feds Visit Steve Jobs At Apple HQ In Continuing Options Probe

Jan.24.07 | About: Apple Inc. (AAPL)

The federal investigation into Apple CEO Steve Jobs' role in backdating nearly 6,500 options is continuing, according to people in the know.jobs First reported by The Recorder, a legal newspaper in San Francisco, federal investigators apparently visited Jobs' at his office at Apple headquarters and tried to learn more about his role in the affair, in which at least two backdated options were granted to him. An internal Apple investigation by Apple cleared Jobs of any wrongdoing. Both sides declined to comment on the ongoing investigation.

• Sources: Bloomberg, Washington Post, Reuters
• Related commentary: Apple: Jobs Knew, Apple's Options Scapegoat: Introducing Ms. Wendy Howell, Why Steve Jobs Should Resign
• Potentially impacted stocks and ETFs: Apple (NASDAQ:AAPL). Competitors: Microsoft (NASDAQ:MSFT), SanDisk (SNDK), Dell (NASDAQ:DELL), Hewlett-Packard (NYSE:HPQ), Lenovo (OTCPK:LNVGY). ETFs: NASDAQ 100 Trust Shares (QQQQ), Internet Architecture HOLDRs (NYSE:IAH), iShares S&P Global Technology (NYSEARCA:IXN), Technology Select Sector SPDR (NYSEARCA:XLK)

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