Apple Computer Inc. maneuvered Friday to keep its shares listed on the Nasdaq Stock Market after reiterating that its mishandling of past employee stock options will cause it to miss a regulatory deadline for filing its latest quarterly results.
The Cupertino, Calif.-based maker of iPods and Macintosh computers said it will ask for an administrative hearing in response to a Nasdaq letter formally warning of a possible delisting because of the company’s delay in making its quarterly report to the Securities and Exchange Commission. The report covers the three months ending July 1, a period in which the company has previously said it earned $472 million.
