Report: Apple Falsified Jobs’ Stock Options Authorization

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Date: Thursday, December 28th, 2006, 13:09
Category: News

Apple Computer’s stock fell $1.64 per share, or two percent, following a report that indicated that Apple CEO Steve Jobs, who returned to the company in 1997, was awarded 7.5 million stock options in 2001 without proper authorization from the company’s board of directors. The revelation was made public via a recently released Financial Times article.
The article reports that records logging a full board meeting, which is required to approve stock options remunerations, were later falsifed. These records are now under review by the Securities and Exchange Commission as it decides which investigative avenues to pursue (individual or company-wide) and Apple is expected to discuss the situation along with details about an additional investigation as to stock option irregularities and backdating within the company at the annual meeting on Friday.
Additional questions and pressures have arisen given the fact that Jobs has sought legal counsel outside the company, despite having been above the fray of the investigation since it began this fall. To date, Jobs had claimed he had been “aware” of the backdating “in a few instances”, but claimed he had never benefited from these actions or been aware of the accounting implications.
In October of 2001, Jobs’ stock options were offered at an exercise price of $18.30 per share while the alleged board authorization occurred near the end of 2001. Such an action would indicate that the options weren’t properly authorized and had been backdated to maximize the value of Jobs’ stock options.
Jobs would later surrender the stock options before exercising them, thereby not showing any actual gain on the transaction. The Apple CEO would later be given a grant of restricted stock by the company in lieu of the options, this value perhaps having been calculated on the backdated stock options and targeted by the investigation.
Apple has reportedly refused to comment on the issue, but a spokesman has claimed the company has handed the findings of its own internal investiation to the SEC. The company has stated that its investigation found “no misconduct by any member of Apple’s current management team”, although two executives – Nancy Heinan, former senior vice president and Fred Anderson, former chief financial officer for the company, both resigned as of this year.
Anderson may be under investigation for a different set of actions, as he was not a part of the board of directors as of the October, 2001 decision that’s pertinent to Jobs’ reported role in the case.
If you have any ideas or comments, let us know.


Updated VirtueDesktops Build Released

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Date: Thursday, December 28th, 2006, 12:38
Category: Software

VirtueDesktops, the donationware open source virtual desktop manager for Mac OS X, has received another update, bringing the current version to 0.53r265a.
Like the long-awaited Spaces feature in Apple’s upcoming Mac OS X 10.5 operating system, VirtueDesktops helps switch between applications and provides additional screen real estate to the selected application.
The new version includes the following fixes:
-Fixed a crash in localisations other than English.
-Compiled as Universal binary – compiling as Intel-only was an accident.
-Adding desktops doesn’t result in multiple, unstable entries in the desktop inspector.
-Resolved a crash on startup when migrating from an older version.
-Fixed corrupted nibs that were causing issues with languages other than English.
-Custom desktop pictures now work. Be aware that if your transition time is set too low, you won’t get a smooth change between desktops – I’ll be adding a warning to the transition preferences about this in the next build.
-Bindings are working – check the application organiser and watch in wonder as windows update in near-real-time.
-There is now an option in the application inspector, and the operations window, to not change the focus of an application on desktop switches. This means you can exclude applications like and Parallels from taking focus when you switch to them — this was a patch submitted by Alex Peyser.
-There is now a welcome screen the first time you run VirtueDesktops, to show you where the menu is (you’d be surprised how often I get asked!).
-Fixed an error that was causing sticky applications to be ignored by Expose.
-All window operations should be much more consistent – try out sticky windows – no more lost windows!
-Lots of UI work.
The new update is a 3.1 megabyte download and requires Mac OS X 10.4 or later. The software is a Universal Binary and functions natively under both the PowerPC and Intel hardware architectures.
VirtueDesktops is a community-based open source project and the author is actively looking for help with the project. If you think you have something to contribute, give him a shout.
If you have any feedback or comments about this, let us know.


Apple Includes Hidden Games in Terminal

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Date: Thursday, December 28th, 2006, 09:21
Category: Fun

Well, it’s more a part of emacs and code written by Richard M. Stallman, but a cool article over at shows a full video of how to access hidden games within Mac OS X’s Terminal program:

Mac OS X Hidden Games – video powered by Metacafe

Otherwise, just follow the following instructions:
Type into terminal:
ls /usr/share/emacs/21.2/lisp/play
Get the name of what you want to play
press escape and x at the same time
type your game ex: tetris
I you’ve heard of any other easter eggs or have ideas or comments, let us know.


Apple Looks to Improve Synching, Bluetooth, Fix Bugs in 10.4.9

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Date: Thursday, December 28th, 2006, 08:51
Category: Software

An article over at AppleInsider fleshes out details as to how Apple has begun contacting its developer communities and asked for feedback as to current builds to a Mac OS X 10.4.9 operating system update.
Sources familiar with Apple stated that as of last Thursday, the company began distributing the first external software compile of the update to members of the Apple Developer Connection. The current build is apparently available as a bare-bones “Delta” updater and a larger “Combo” version with wider hardware support.
Apple has reportedly asked the developer community to focus its testing on components such as .Mac, Bluetooth, Bonjour, FireWire, Graphics and USB. The company also drew attention to Flash, Automator, Dashboard, Fonts, iChat video conferencing, Sync Services and iSync when it released the builds.
According to the release, users can expect fixes for issues related to Rosetta emulation, USB Modem, caller ID, the Universal Access preference pane, Bluetooth and device pairing, QC Engine, CoreGraphics and the HID Manager.
Apple last released a major update for Mac OS X back in September when it distributed Mac OS X 10.4.8 and an additional release is expected before the company releases its Mac OS X 10.5 operating system in 2007.
If you have any comments, ideas or feedback, let us know.


17″ MacBook Pro Core 2 Duo Wins in Macworld Review

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Date: Thursday, December 28th, 2006, 08:10
Category: Review

A full review over at Macworld News put the 17″ MacBook Pro Core 2 Duo laptop through its paces with Henry Norr liking what he found.
Apple’s 17″ laptops, long the lusted-after portable of choice, have been on the market for two years now and an overhaul was in the works. In this case, the company stuck to a classic design and included a 2.33 GHz Intel Core 2 Duo processor, replacing the retired 2.16 GHz Intel Core duo processor, included a standard two gigabytes of RAM and beefed up the hard drive from 120 gigabytes to 160 gigabytes. Maximum RAM capacity has been raised from two gigabytes to three gigabytes, albeit with only two memory slots, raising the memory via a one gigabyte RAM chip and a two gigabyte RAM chip becomes an expensive proposition – about $575 through Apple and more through third party vendors.
The review is more than happy with the usual features on the laptop such as the beautiful screen, meaty ATI Radeon X1600 with 256 MB of VRAM, iSight, AirPort Exreme, BlueTooth, ExpressCard, gigabit Ethernet, DVI-out port, illuminated keyboard and MagSafe power adapter.
Norr and the Macworld Lab found the 17″ MacBook Pro Core 2 Duo to actually be a bit slower than its 15″ counterpart on some tasks such as unzipping an archive, running Unreal Tournament and some Photoshop CS2 tasks but performed speedily nonetheless and roundly beat the fastest PowerBook G4 laptops.
For the full review and details, click here.
If you’ve had any experiences, positive or negative, regarding your 17″ MacBook Pro Core 2 Duo, let us know.


MacBook User Creates Homemade Dvorak Keyboard

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Date: Thursday, December 28th, 2006, 08:23
Category: Uncategorized

The Unofficial Apple Weblog has a cool post showing how a user created a homemade Dvorak keyboard by manually prying off the keys and rearranging them to the new configuration.
The article includes Flickr page as to how to do this, what tools are necessary and how to carefully pull the keys from the keyboard.
The final step: If you’re brave enough to do this, an entry over at shows you how to select a Dvorak keyboard input (go to Mac OS X’s preference panes, select “International” and from there choose a Dvorak keyboard input).
Definitely not for the faint of heart, but if you can pull it off and it helps you type faser than you would on a standard QWERTY keyboard, have at it.
If you have any comments or suggestions about this, let us know.


The Apple Core: Apple dominates three Amazon categories

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Date: Thursday, December 28th, 2006, 08:00
Category: retail

Yesterday I crowned Apple the new king of retail when it was revealed that the company’s retail stores brought in more annual sales per square foot than any other retailer including heavyweights like Best Buy, Neiman Marcus and Tiffany & Co.
In addition to Apple’s impressive sales per square foot it’s also worth noting that Apple currently holds the top spot in three categories at MP3 players, notebooks and desktops.
Read the rest of the story on my ZDNet Blog: The Apple Core.