The ghosts from Apple’s past have returned to haunt the company. A couple of years ago, an internal inquest was launched into the alleged backdating of stock options grants at Apple made between 1997 and 2001. The investigation uncovered several irregularities - and forgeries - that eventually prompted the Securities and Exchange Commission to step in.
Although SEC filed charges against then Apple CFO Fred D. Anderson and general counsel Nancy R. Heinen, the company’s top brass including Steve Jobs were given the clean chit and lauded for their cooperation in the investigation.
However, disgruntled Apple stockholders Martin Vogel and Kenneth Mahoney believe there is more to the stock-option-backdating story than what met SEC’ keen eye. They have initiated a class-action suit against Apple CEO Steve Jobs, already beleaguered Anderson and Heinen, and four others from the Board of Directors.
The plaintiffs alleged that Apple’s blue-eyed boy Steve Jobs was the beneficiary of one such backdated stock option and profited to the tune of $20 million, and that Apple’s account department didn’t deem it necessary to record this spending in their books.
Also up for legal debate will be the catastrophic decline in Apple stocks – that wiped $7 billion in share value within two weeks – after Apple’s announcement of the internal investigation and whether shareholders deserve to be redressed for it.
Apple recently addressed one of the most common complaints associated with the iPhone by releasing a new version finally equipped with 3G networking, and did so without jacking up the price. Looking to sweeten the deal, AT&T now says it will sell the new version without a service contract "sometime in the future." Sounds great, right?
But there's a worm in the apple making AT&T's latest announcement less appetizing than it could be. While consumers will no longer be forced into a 2-year service agreement in order to own an iPhone, they'll have to pay a hefty $400 premium for the luxury. So even though Apple chose not to introduce a price hike with the new 3G gadget, AT&T will charge $599 and $699 for the 8GB and 16GB models, respectively, for anyone with a fear of commitment. Of course, paying the premium means no longer having to worry about early termination fees, but unless you plan on trying your hand at unlocking the unit and joining up with another service provider, you might still be better off sucking it up and signing on the 2-year dotted line.
Here is a bit of news that might have music lovers rhapsodic. RealNetworks-owned online music service Rhapsody has MP3 music sans any Digital Rights Management (DRM) protection. This entails that users can do anything with the music they buy. If you thought that piracy fearing labels would never back such an initiative then you were wrong.
Major labels will continue to make their music available through Rhapsody. They perceive DRM protection to be some sort of a sales impediment as it deters many music lovers from buying such music online – scarecrow effect. Rhapsody’s online music store offers a single song download for $.99 and an entire album for $9.99. Rhapsody has certainly taken the attack to iTunes.
Dell has announced a couple of exciting apps that will come aboard the bright range of Studio notebooks. Strangely both of them make the Dell Studio appear like Dell's homage to Mac. But it is only after the jump that you will know whether the two proprietary apps, Dell Dock and Dell Video Chat, are anything to write home about.
From the Air to the Pro, Apple’s MacBooks are winning the hearts and minds of consumers everywhere—including PC enthusiasts. Maximum PC investigates whether the hoopla is warranted.
What do you really get for the money when you throw down for a MacBook, and how do these Apple computers compare to their PC counterparts in terms of performance, features, overall usability, and price? Maximum PC tests and reviews the MacBook Air, the standard MacBook, and the MacBook Pro against five PC models sporting similar price points and formfactors. It’s time we set the record straight.
We’re always a little taken aback when we see Apple’s MacBook Pro in the hands of PC power users. For example, we’ve seen PC game developers typing on MBPs at industry events. And at trade shows, it isn’t uncommon to see Windows app developers sporting Apple’s pro-class portable. Are we far from the day when Bill Gates is a proud MacBook Pro convert?
Even diehard PC users will be wowed by this portable's specs.
Apple’s little white wonder of a MacBook excels against its PC counterparts, but it’s no Gandalf. As expected, gaming is this laptop’s weakest link. And even complex multimedia tasks can cause the MacBook’s magic to wither.
Still, in most applications, the Vista-booting MacBook performed admirably. Find out how admirably after the jump.
Without a doubt, the MacBook Air is one of the niftiest-looking laptops we've ever tested. But he smallest notebook we’ve ever tested comes with sacrifices - the MacBook Air makes serious compromises to maintain its petite profile.
iTunes has registered more than 5 billion song downloads hitherto and has also emerged as the most frequented online movie store in the world. The increasing popularity of digital distribution channels like iTunes points to the end of the storage-media era - perhaps good riddance.
Apple Ceo Steve Jobs, who himself is a digital distribution champion, must be happy with the fact that iTunes is pioneering the digital distribution revolution. Movie buffs are renting and purchasing 50,000 films every single day from iTunes to go with the amazing feat of 5 billion song downloads.iTunes is Apple's golden goose and Steve Jobs, by the look of it, the fabled King Midas.