[H]ardNews 3rd Edition
Apple Accounting Practice:
Apple shareholders voted to change the way the company treats stock options as an expense. The shareholders want Apple to count these as expenses, Apple doesn’t want to because it will show massive losses the company is really incurring.
Defying company management, Apple Computer shareholders on Thursday approved a resolution calling on the Mac maker to treat stock options as an expense. Preliminary results from a vote held at Apple's annual meeting show shareholders have approved a recommendation to change the way the company accounts in its financial results for options given to employees. Apple's directors had called on shareholders to vote down the measure. For example, in the first fiscal 2003 quarter ended Dec. 28, 2002, Apple would have reported a loss of $61 million had it been required to account for options as an expense, compared with the $8 million loss it did report.
I got $5 that says Apple will go against their shareholders on this instead of admitting they are losing tons o’ cash.
Homebrew Case:
I have no idea what this site is saying, but the kick ass case built from scratch speaks for itself. The system is made completely from wood and even has a built in Vapo Chill. A lot of work went into this case design for sure. Go check it out. Thanks to Bjorn Andreassen for the linkage.


