Technology
Apple is among more than 100 companies under scrutiny by the SEC for backdating stock options.
Goldman Sachs analyst Laura Conigliaro wrote in a note to investors Friday that Apple's 10-K does not resolve all the potential implications of the company's backdating, but that it puts to rest any fears of current management having played a role in the irregularities. As a result, wrote Conigliaro, Apple's stock will be driven by fundamentals in the near term, such as new product announcements and potential upside in the current quarter's financial results. Goldman Sachs makes a market in Apple shares and has provided investment and non-investment banking services to the company in the past 12 months.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
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160.83 |
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33.63 |
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1.06 |
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SPDR Gold
151.91
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-1.28%
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