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SEC Scrutinizing the Apple Steve Jobs Situation

Making Sure Investors Have Not Been Deceived

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Steve JobsBloomberg (who once prematurely posted Steve Jobs’s obituary) is reporting that the Securities and Exchange Commission is now examining Apple’s disclosures about his health problems. This is to make sure that the company’s investors were not deceived in any way.

Bloomberg’s report does make clear that the SEC’s review doesn’t mean any evidence of wrongdoing has come to light. It sounds like more of a just-in-case, if not disrespectful effort on the government’s part. Though investors likely have no problem with it.

Last week, Apple announced that Jobs would take a leave of absence until the summer, for medical reasons. He is having a liver transplant following his past battle with pancreatic cancer.

"In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June," Jobs said in a letter to Apple Staff.

Apple is expected to announce its first-quarter earnings this evening. The company’s shares have fallen over 8% since the announcement of Jobs’s leave of absence.

SEC Scrutinizing the Apple Steve Jobs Situation
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