A new year can mean many things, but to Macintosh enthusiasts, it means one very special thing -- Macworld. The yearly gathering of Macintosh users and vendors and a visit from Apple chief executive Steve Jobs is just around the corner. This is one time of the year when we can count on Apple unveiling new products. Apple has a reputation of keeping new product releases close to the vest. This only serves as kindling wood to the rumor fires that start around the first of December.
Rumor surfing is something that can't be helped for the hard-core Mac aficionado.
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Apple shares fell again Thursday after a published report suggested CEO Steve Jobs had been granted stock options without the knowledge of the company's board of directors and that the company may have falsified documents to cover up the misdeed. Apple reportedly granted Jobs 7.5 million stock options dated November 2001, a month before the board of directors met to vote on the options. The timing could suggest that the options were improperly authorized and backdated to maximize the financial benefit to Jobs.
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A massive surge in traffic to Apple's iTunes Music Store, driven by sales of new iPods, bogged down the store's performance on Christmas and the following day. Users reported slow downloads and other issues with the music store on Monday and Tuesday of this week. Some single songs reportedly took as much as 20 minutes to download -- compared to a few seconds under usual circumstances -- and others requests to buy songs could not be fulfilled at all.
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The pending January release of Windows Vista raises questions about the security benefits of using one operating system over another. Microsoft claims that Vista's new architecture hardens it against vulnerabilities from viruses, spyware and adware attacks. However, users should be wary of putting too much faith in Microsoft's ability to give them a locked-down computing environment. Instead, users may achieve better security by switching to alternate operating systems, such as the Mac OS or Linux.
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Apple Computer shares dropped 4 percent -- the biggest drop in about six months -- after reports that federal prosecutors are investigating whether company officials falsified documents in what may be the latest in a string of corporate stock options scandals. The Apple options investigation story originally broke in October, when Apple's internal probe uncovered suspect transactions. At that time, Apple said its investigation turned up "irregularities related to the issuance of certain stock option grants made between 1997 and 2001."
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