Federal investigators are actively probing the circumstances behind a stock option grant to Apple CEO Steve Jobs that carried a false October 2001 date, The Wall Street Journal reported in Friday's editions. On Dec. 29, Apple said its own investigation had cleared its charismatic leader and the rest of its current management of misconduct involving stock option grants. The Securities and Exchange Commission and the U.S. Attorney's Office have yet to publicly comment on whether they are investigating the matter.
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Nearly half of the short films being screened at this month's Sundance Film Festival will be available for purchase at Apple's iTunes store under a deal announced Friday. The digital downloads will supplement the free streaming at Sundance's Web site, which will offer the shorts for only a three-month period beginning Jan. 18, the start of the festival in Park City, Utah. The iTunes downloads are expected to be available for three years and, once purchased, will play for at least the life of the owner's computer.
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When Cingular executives went to the company's board last year to get approval for a deal with Apple, they did so without so much as a prototype of an Apple phone to show the directors. The board signed off anyway. "We got this deal approved without them ever seeing the device," said Glenn Lurie, president of national distribution for Cingular Wireless, who was responsible for the project on the Cingular side. The approval was a leap of faith on Cingular's part that Apple could produce a phone as groundbreaking as its iPod music players.
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The iPod generation could be doing permanent damage to its hearing through an almost nonstop exposure to loud music, researchers warned Wednesday. Personal music players including iPods and other MP3 headsets ranked among the top-selling Christmas gifts, but experts fear few users are aware of the risks of noise damage to their ears. New technology and ever-increasing storage capacity enables people to listen nonstop for hours and at louder volumes than ever before -- which could eventually impair their hearing.
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One day after Apple dazzled the tech world by unveiling its first-ever mobile phone device, the so-called "iPhone," the company was hit with a lawsuit from Cisco Systems, which says it has held a trademark on the iPhone name since 2000. Cisco's home networking unit, Linksys, began shipping a VoIP-enabled handset dubbed the "iPhone" early last year and formally announced the product line with new models in December, nearly a month before Apple's mobile handheld debuted this week.
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