will be showing its age: It will have brushed off its bruises from product failures and arguably misguided decisions to emerge with a shine that's more than skin-deep.Its luster now is brighter than ever, but for all of its recent successes, Apple also has its share of challenges ahead as it matures into a digital media provider.Apple shares were changing hands for .05 in after-hours trading Wednesday, about 3 percent below the level at which they closed at the end of regular market hours.Falsifying options documents is against the law, potentially subjecting those responsible to civil, and in extreme cases, criminal penalties.
Tim Biggam, an options strategist at Man Securities in Chicago, blamed the movement on aggressive trading by hedge funds.The Financial Times, citing people familiar with the matter, reported that records were later falsified to indicate that directors had approved the grant to Jobs.Apple will disclose the false records in a regulatory filing by Friday, according to the newspaper."I was amazed that you could have a large-cap stock like Apple pushed down so far on speculation, but that's the kind of market we are into," Biggam said."I'm a big fan of 'Let's wait and see what comes out of this.' " Stock options give holders the right to buy company shares for a preset amount, called the strike price.