apple news/media reports
04/05/2004, 10:40pm, EDT
Monday, April 5th
Details emerge on reseller lawsuits against Apple
Reporting on the several lawsuits brought by resellers against Apple, The San Jose Business Journal reports that at least one reseller developed a computer program to help obtain the allegedly confidential information used to support the resellers' case against Apple and says that Apple's misreprsentation of the profit its retail stores generates amounts to shareholder fraud, resulting in formal complaints filed with the SEC and FTC: "Apple says the invoices are confidential information that Mr. Santos obtained in violation of company policy. Mr. Santos created his own software program to seek out order numbers corresponding to Apple invoices. Apple attorney Dana Linker sent a cease and desist letter June 23, 2002 to the resellers' attorney.... Mr. Santos responds that Apple had no "terms of use" policy on its Web site that would prohibit what he had done. On July 7, 2003, Apple posted a revised policy that did."
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Remember the lack of warnings when cube sales were crashing & burning? AAPL went from $54 - $27 overnight... And if you think MS is bad news...when was the last time MSFT did that, I ask you...?