Apple Settled Shareholder Suit

From Apple, "Apple [...4:00p PT Friday...] announced it has reached a settlement, subject to court approval, of shareholder derivative action known as Kostick vs. Crisp, which has been pending since January 1996. Under the settlement, Apple's Board of Directors will take certain corporate governance actions involving amendments to the Company's by-laws and the Company's policy concerning trading in Company securities. More details regarding the settlement terms can be obtained from the formal notice which was published in Investor's Business Daily, September 3, 1999, or by contacting Apple legal department at (408) 974-0770." [Note: Late Friday press releases usually contain some bad news and are timed to miss newspaper deadlines and minimize coverage. As of Saturday, "Today's Edition" of Investor's Business Daily was already Tuesday's.--Bill]