Jobs examination materials to accept U.S. Securities and Exchange Commission for the first time exposure

By Haven Frbiz

March 18, 2008, because of Apple stock options backdating scandal, Jobs accepted the U.S. Securities and Exchange Commission (SEC) investigation, but the testimony of Steve Jobs has not been announced. Until this week when the five, "Forbes," only under the "Freedom of Information Act" request, receive and release this material.

In this testimony, Jobs explained Apple's board of directors asked him why he and other executives to own a huge amount of options (mega grants). Jobs said the options granted in the Board of Directors approved the program, he how to implement their understanding of the mechanism is not. (This refers to Apple's board of directors issued a report on this meeting, in fact, it has not held back the date of the option does not refer to itself, this incident also led to Apple's former chief legal adviser Nancy Heinen by the Securities and Exchange Commission investigation, "Forbes" The testimony of Steve Jobs announced that with the case). However, in the published document, and no legal issues relating to the conduct in-depth.

Nevertheless, the document through the study of the testimony of Steve Jobs himself, the incident can be a lot of first-hand information. In this testimony can be found, how Steve Jobs and his own high level of concern for subordinates. For example, in 1997, Jobs founded NeXT be sold to Apple Computer.

After the sale, taking into account the "NeXT some Apple employees need to serve to help the development of Apple," he chose Apple as a consultant. As Apple's CEO duties, he himself very hesitant, because he did not want his employees Pixar's that "I have abandoned them."

Published in the paper, Apple's Steve Jobs also talked about the grant for each "super-critical" (ultra key) of one million U.S. dollars of stock options executives of the incident. These "super key" executives of the two companies came from NeXT. Jobs has been trying to motivate their executives affiliated to them that "Apple will be full of surprises and joy." But at the same time, his company's board of directors of Apple does not give the same attention to their own, some are "injured." So, Steve Jobs and Apple board of directors for the communication requirements at the time he is still in the "underwater" (underwater, refer to the implementation of the option price is higher than the stock market value) of 20 million options into 7,500,000 new options. Apple's board of directors subsequently agreed to the request of Steve Jobs. - 21396

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Financial and boats center Shanghai construction the street chart to finalize the localized supplies increase

By Professional editor working for Chemical Additives, Auxiliary.

Yesterday after twelve noon, the State Council Information Office at the Shanghai International Convention Center held a press group debate, LIU Tie-nan, deputy chief director of National Development and Reform Commission, Shanghai Vice Mayor Yang Xiong, vice chief of Shanghai Tu Guangshao delineated in particulars at the assembly of the State Council, "on the endorsement of Shanghai accelerate the development of recent service development and superior fabricating, erected structure an global fiscal center and the scenery of an global vessels center, "(hereinafter cited to as" scenery ").

With the "opinions" of the release, the Shanghai building "centers" strategy for the country will officially rise.

Shanghai localized portions and economic supplies are good to stimulate shipbuilding. Shanghai Pudong Development Bank was swapping yesterday; New Shanghai plate today or super-two per hundred in early swapping, the Chinese swapping businesses, or ultra-Garbo Group 5%. Shanghai is still hardworking in the localized supply abnormal Garbo Group diversity have good performance. At the identical time, for example the United States are retaining genuine land parcel supplies are furthermore somewhat powerful, which means that genuine land parcel or portions in the short-term market is anticipated to become the new warm directs, influenced, A-share market rebounded by alarms to stabilize.

It is reported that Shanghai will be introduced policy measures, including setting up a special leading group to promote and introduce local regulations, Nanhui District, Pudong New Area into the introduction of the renminbi in international trade, such as clearing pilot.

Shanghai local shares for the purposes of plate, which contains a number of the concept of an international financial center, the Expo concept, the concept of the reorganization of the concept of multiple underestimate the value of the blue chips. Further excavation, which in the long-term potential of stocks of concern. Quotes of the future course of differentiation, the concept of the Expo is still bound to be a focus of observation. - 21396

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Ping An, the two life insurance held by the Fund to reduce the proportion of giant

By Professional editor working for acrylic display stands.

From the two insurance giants - China's Ping An and China Life have been disclosed in the Annual Report of view, compared to 2007, China's Ping An and China Life will of investment funds in 2008 were substantially reduced.

Ping An of China's annual report divulged today present that in 2007 the total assets of Ping An of China to invest 441.3 billion yuan, of which the securities financial endeavour account is 15.627 billion yuan, up 3.5 out of 100 share. In 2008, though the expansion in total financial endeavour assets arrived at 464.665 billion yuan, but has fallen securities financial endeavour finance, to 13.443 billion yuan, accounting for 2.9%. Fund's assets in 2008 than the 13.98 out of 100 worse in 2007.

Ping An of China said that the company's mesh financial endeavour wages in 2007 from the 15.2 out of 100 advance of 16.268 billion yuan to 18.735 billion yuan in 2008, chiefly due to financial endeavour in fastened interest wages advanced due date. The rate of mesh financial endeavour wages in 2007 from 4.5% to 4.1% in 2008 chiefly due to securities financial endeavour finance is the stock yield income.

China Life Insurance from 2008 Annual Report of outlook, the company's investment-based Ping An of China a alike situation. In 2007, China Life Insurance 850.207 billion yuan of total buying into assets, encompassing securities buying into finance is 69.769 billion yuan, up 8.21 per hundred ratio. In 2008, total assets of China Life to invest the identical emerged to augment, coming to 937.098 billion yuan, but a important fall in securities buying into capital, to 33.953 billion yuan, accounting for 3.62%. China Life said that the Fund's assets than the 51.34 per hundred smaller in 2007 due mostly to smaller the deepness of capital markets, as well as the privileges and concerns of businesses to decrease buying into in due course.

In detail, from the closed-end capital broadcast by the structure of the peak 10 holders can glimpse some clues. The end of the year 2008 in the closed-end capital in the peak 10 holders, protection businesses, the largest percentage of decrease of the groundwork closures, accounting for the percentage of the general dimensions of closed-end capital dropped by 6.91 percent.

According to Shenyin investigations show that the decrease in the general closed-end capital of protection capital, the protection businesses gaze at the closed-end capital can be discovered alterations in the buying into, mostly large protection businesses to decrease the groundwork closure. - 21396

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Increased loss of iron and steel industry

By Zou cheaponsale

Since the China Iron and Steel Association was announced that, in spite of the descent in hard metal goods produced charges many, but because of market demand and surviving goods produced scope for exceeds demand, the wares of poor sales and small costs and other justifications, effecting in goods produced forfeit, one quarter of the in the household large and medium-sized hard metal forfeit of 3.308 billion yuan.

China Steel Association, executive vice president Luo Bingsheng said that the total steel production is too high the first quarter of the root causes of business losses. The first quarter increased as a result of the formation of the procurement market, and led to the release of production capacity, exports of steel products during the same period fell by 50%, and all turn to the domestic market, leading to oversupply of the domestic market; The price is still the lowest since the end of last year spaces, and lower than the level in 1994.

However, hard metal costs and yield over the matching interval last year, up 47.16 billion yuan weighed against to a forfeit of margin is not many, but a forfeit of only 20, accounting for 72 large and medium-sized enterprises for 34% of the steel and steel. Luo Bingsheng examination This is because the cost of goods produced over the matching interval have highly lessened the cost of hard metal plunged 350 yuan / ton. In augmentation to coking coal costs by 12%, the in the household ore costs plunged 44 out of 100, while deals plunged 26 out of 100 ore. As for the charge of coking coal costs, Luo Bingsheng adjudicator will be corrected downwards.

Although the loss rate is not great, but the data show that the loss of a trend: The first two months loss of 1.511 billion yuan, a month in March and reached 1.797 billion yuan loss.

It is understood that a drop in demand in the economic crisis at the same time, domestic steel production capacity has to increase, resulting in a surplus of products. Domestic crude steel production in the first quarter of 1.24744 billion tons, an increase of 1.74 million tons, and production was rising month by month; the first quarter average 1,416,000 tons of steel production. If this rate of production in accordance with it, then this year will be 517 million tons of steel production, will go a long way beyond the limits of national indicators for planning this year 460 million tons. - 21396

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Traps foreign domestic brand handset design and cottage machine

By Zou

Low-end foreign brand labels in the market made a swift force to the in the household brand labels and a shack device unprepared to conflict the development glass utensils are below. Upgraded variety of Nokia 1200 only trade 215 yuan, while the introduction of six new charge in between 250-645 million. Motorola has ushered in two extraordinary devices were 188 yuan and 298 yuan. 200 shade of color video screen, Samsung, LG shade of color unbent 199 yuan, Motorola shade of color video screen 299.

Early high-level foreign brands are the same on many occasions that, in order to guarantee the profitability or profit, low-end market is shrinking. Greatly to the expense of market share, plans to ensure profitability. It made camp and cottage Haosheng proudly machine. Understand the industry, foreign brands may say that is true, because the low-end mobile phone sales, so that they profit or substantially reduced, or loss of the quagmire it is difficult to extricate themselves stuck.

Eat their remarks but with foreign brands. Of foreign brand labels in time spans of yield, the value of an valued market share, this is a engagement of two of the things the battlefield, if in the battlefield which, foreign brand labels can not have finance for to lose. Is very straightforward to suppose, if Nokia cease low-end market, market share has shrunk a least 10%. If Nokia unexpectedly lost 10 points of market share, which will surely be in the development produced a many uproar and become the greatest journal, the voices will be discovered all varieties of doubts. As for Motorola, Samsung, LG and Sony Ericsson is carrying on to extend market share is that they need to resolve the compressing need, consequently, to desert the low-end market, it is impossible. In other nations and provincial markets to advance the monetary critical purpose deepened, the foreign brand labels ought be supported on low-cost approach to assure flow of finance to assure that the immense company device to uphold the regular performance in rank to rush over the arduous situation.

Observers pointed out that the beginning of the year let it be foreign brands from the low-end market, perhaps to the domestic brands and firms to design a machine in the death trap, so that competitors have begun to underestimate the enemy and negligent, and then shot, a fatal blow to its. From the fact that, foreign brands made in the low-end markets, and indeed to achieve the desired effect, so that China-made brands and firms unprepared machine.

Camp should be made note that the low-end foreign brand labels on the assault and maybe only a commencing, with the market in other nations and territories carry on to increase the extent down the monetary critical purpose, as well as the attainment of off-season sales, in rank to endure and dignity of foreign brand labels will carry on to advance low-end efforts to assault the market, in the household brand labels have to deal with both eyes, but in addition intellectual organised to conflict a protracted combat and long-term planning. - 21396

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