Shares of Apple Computer rebounded on Friday with news that CEO Steve Jobs knew of options back dating at the company but did not benefit from the practice. According to a New York Times article "Mr. Jobs did not benefit financially from any questionable stock awards."

My reaction to this is mixed. Certainly as a long-time user of Apple hardware and someone who hopes to continue using the best hardware on the market I'm glad to hear it. On a personal note I have some stock I was planning to sell next week and buy Apple shares so I'm disappointed the price rebounded today.