VALLEYWAG: Sell your APPLE STOCK now

This is Valleywag’s advice, not mine - I’m just sharing the news: Fred Anderson, former Apple CFO, cut a deal with the SEC and has apparently pulled the rug out from under Steve Jobs, exhuastively implicating him in the scandal.

Given the degree to which Apple is the Cult-of-Steve, the company is extremely vulnerable to reputation damage from any tarnishing of Mr. Jobs. And imagine what would go down if Jobs went to the slammer for a few years - does Apple have a product strategy without him at the helm? [EDIT: Given that the suits are all civil, fines are the order of the day, not jail time]

EDIT: Here’s the GFinance view on Apple with convenient stock price chart.

EDIT: CNN says SEC has filed civil charges against 2 apple execs. Jobs to follow?

This entry was posted on Tuesday, April 24th, 2007 and is filed under News and Opinions. You can follow any responses to this entry through the RSS 2.0 feed.