“SEC rules prohibit the company from sharing insider information that might have a material affect on the value of the company’s stock,” P.E.D. reports. “Yet analysts often publish notes to clients implying that Apple has done just that.”
P.E.D. reports, “Case in point: A ‘company update’ issued Friday by Pacific Crest’s Andy Hargreaves. Among the key takeaways from his meeting Wednesday with CFO Peter Oppenheimer and Eddy Cue, senior VP for Internet services and software, was this message about the prospects of Apple making a ‘more significant move into TV distribution’: ‘An Apple Television Appears Extremely Unlikely in the Near-term.’”
Read more in the full article here.
[Attribution: AppleInsider. Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]