S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Think Secret Scans Apple 10-Q For Lawsuit Updates

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

By William Trent, CFA of Stock Market Beat

As nice as it sounded to hear that shareholder lawsuits were tapering off, the newfound restraint wasn’t felt evenly across corporate boards the board.

Think Secret reports on Apple 10-Q:

Apple’s recent SEC 10-Q filing, its first in six months, revealed the company has settled seven outstanding lawsuits and was served with eleven others in the past half-year, including several related to the company’s backdating of options.

Didn’t those others hear that lawsuits are no longer in vogue?

Think Secret didn’t run through the fundies at all, so we’ll have to tackle that ourselves when we get a chance.

The author may hold a position in the securities discussed. The author’s current holdings are as follows: Long: Union Pacific (UNP) put options; Air Products (APD) put options; Nasdaq 100 (QQQQ) put options; FedEx (FDX) put options; Intuit (INTU) put options; Bookham (BKHM; Ballard Power (BLDP); Syntax Brillian (BRLC); CMGI (CMGI); Genentech (DNA); Ion Media Networks (ION); Three Five Systems (TFS); IShares Japan (EWJ); StreetTracks Gold (GLD); Starbucks (SBUX); U.S. Oil Fund (USO); Plantronics (PLT) call options; Short: Landstar (LSTR) put options; Ceradyne (CRDN) put options; Dell (DELL) put options; Plantronics (PLT) put options;

http://stockmarketbeat.com/blog1/

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

TI Joins the Guidance Cut Parade

By William Trent, CFA of Stock Market Beat Last week, when National Semiconductor (NSM), Xilinx (XLNX) and Broadcom (BRCM) all…
Douglas A. McIntyre |

More Dell-ays (CELL)

From Willaim Trent, CFA of Stock Market Beat We recently outlined the somewhat cloudy case for whether DELL is cooking…
Douglas A. McIntyre |

Broadcom says inventories “ideal”

From William Trent, CFA of Stock Market Beat Given the sales weakness in the wireless semiconductor chain, you might wonder…
Douglas A. McIntyre |

Will Massive Upgrades Be Enough to Counter Product Cycle Blues for Adobe (ADBE)?

From William Trent, CFA of Stock Market Beat We recently took profits on our Adobe (ADBE) position because we have…
Douglas A. McIntyre |

The Hunter (Phelps Dodge) Becomes the Hunted

As Bill Cara predicted several months ago, Phelps Dodge’s (PD) bid for Inco and Falconbridge has been thwarted, and has…
Douglas A. McIntyre |

Lattice Semiconductor Latest to Miss

By William Trent, CFA of Stock Market Beat When Texas Instruments missed their earnings target we noted they were the…
Douglas A. McIntyre |

Don’t Hold Your Breath Waiting for More Semiconductor Buyouts

By William Trent, CFA of Stock Market Beat Ever since the Freescale buyout, firms have been coming out left and…
Douglas A. McIntyre |

Dell pays for strategy change – 18 Jan 2007 – IT Week

By William Trent, CFA of Stock Market Beat Just yesterday we reiterated our concern that the prices for PCs have…
Douglas A. McIntyre |

Embraer Shares Shrug Off Sales Decline

By William Trent, CFA of Stock Market BeatEmbraer (ERJ) reported a sales and profit decline due to production problems with…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618