Apple welcomes Chomp to the company, notifies SEC and investors of share plan
Apple has alerted the Securities and Exchange Commission (SEC) and investors of its recent acquisition of app search and discovery company Chomp, submitting a regulatory filing with the commission that lays out the share plan for the company.
The company has filed a Form S-8 with the SEC, which must be submitted when it issues stock or stock options to employees, registering 3,207 shares to Chomp as part of its equity incentive plan. The proposed maximum offering price per share stands at $29.02, resulting in a proposed maximum aggregate offering price of $93,067.14. Read more...
Free Mountain Lion upgrade would be ‘brilliant’ Apple move
Apple would be making a "brilliant" move if it decided to give away OS X Mountain Lion to Mac users as a free upgrade, an analyst said today.
One clue that that is a possibility was buried in a July 2011 filing with the U.S. Securities and Exchange Commission (SEC), in which Apple for the first time said it was deferring a small portion of the revenue from each Mac sale to account for "unspecified software upgrades and features free of charge to customers."
"I think it's a great idea," said Ezra Gottheil, an analyst with Technology Business Research when asked about a potentially-free upgrade for OS X users. "It would be brilliant." Read more...
U.S. companies pushed to disclose cyber attacks
Public companies may need to look more closely at their exposure to cyber attacks after new guidelines were released last week by the U.S. Securities and Exchange Commission.
The guidelines, from the SEC's division of corporation finance, aim to help companies determine when they need to disclose cyber attacks or the amount of risk they pose to a business.
In general, public companies in the U.S. are required to disclose incidents that could have a material impact on their business. While the current regulations don't specifically mention cyber attacks, the new guidelines say they need to be reported in some cases.
Companies should disclose the risk of cyber incidents "if these issues are among the most significant factors that make an investment in the company speculative or risky," say the guidelines, issued late Thursday Read more...