Kickbacks and Rumors

Being the largest technology company in the U.S. doesn’t come without its drawbacks. A manager at Apple responsible for working with manufacturers in Asia has been charged with accepting more than $1 million in kickbacks from companies eager to get their hands on inside information.
The manager was accused last week of giving information to companies to help them get contracts from Apple. In addition to the arrest by U.S. Marshals, Apple, Inc. is suing the manager for damages.
While it has been a slow news week for Apple-related events, the rumor mill has been grinding at full speed. Several blogs are reporting that Apple will come out with a smaller 7-inch iPad by the end of the year. Rumors of a new Apple TV model, potentially named iTV, persist. And more bloggers are jumping on the bandwagon to predict a Verizon iPhone in January.