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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?

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