Apple 10267 Published by Bob 0

Sizzling sales of Macintosh computers fueled a 36 percent increase in profit for Apple in the second fiscal quarter. Apple, which one day earlier confirmed it acquired Santa Clara, Calif.-based fabless semiconductor company P.A. Semi, earned $1.05 billion, or $1.16 per share, in the second quarter ending March 29. During the same period a year ago, Apple earned $770 million, or 87 cents per share.

Mac Sales Give Apple Juicy Q2

Apple 10267 Published by Bob 0

The Boston Retirement Board is pursuing a stock option backdating lawsuit against Apple, and has issued summons to testify to CEO Steve Jobs as well as several other current and former board members from the company. The suit alleges that the company's accounting practices cost over $105 million in extra value for backdated stock options issued to Jobs.

Jobs, Apple Brass Summoned to Testify in Backdating Suit

Apple 10267 Published by Bob 0

Apple has purchased chip designer P.A. Semi for $278 million in cash, according to <i>Forbes</i>. The Santa Clara, Calif.-based firm is a self-described fabless semiconductor firm that delivers processors for the high-performance embedded-computing market. The company specializes in low-power chips that could be useful in Apple's iPhone and iPod devices.

Is Apple Souring on Intel