iPod iNsider trading?
Nine bigwigs at Taiwan's Inventec Appliances could be headed to jail over allegations of insider trading-- the executives allegedly failed to report lowered order numbers by Apple before dropping off $22.4 million worth of stock on the Taiwan Stock Exchange. Apparently, Apple decided to send more of its iPod order to China, and the executives reportedly knew in mid-January that the decision had been made to do so. But they didn't reveal the troubles until mid-March, at which point IA's stock tumbled, and the execs had already reportedly unloaded their stock.
In other executives and stock news, Jobsy picked up a few Apple shares this week-- 120,000 for $5.75 a piece. The stock price has actually been dropping since around August 1st, but considering the price is right around $117 right now, Steve is sitting pretty-- it's good to be the king. Apple says Jobs isn't selling at this time, though. Obviously-- he's got to wait until the ultraportable shows up, right?
[via MacBytes]
