Apple's most valuable vendors; New campus on tap; Jobs raise possible

Apple's most valuable vendors; New campus on tap; Jobs raise possible

Summary: Apple filed its annual report with the Securities and Exchange Commission Thursday and outlined a few notable items: A list of most valuable vendors, a second corporate campus on tap, component costs and a potential raise for Steve Jobs.Among the highlights:The company outlined its most valuable vendors.

SHARE:

Apple filed its annual report with the Securities and Exchange Commission Thursday and outlined a few notable items: A list of most valuable vendors, a second corporate campus on tap, component costs and a potential raise for Steve Jobs.

Among the highlights:

The company outlined its most valuable vendors. A passage from the SEC filing that reveals a few suppliers that aren't exactly household names:

The Company believes there are several component suppliers and manufacturing vendors whose loss to the Company could have a material adverse effect upon the Company's business and financial condition. At this time, such vendors include Agere Systems, Inc., Ambit Microsystems Corporation, Amperex Technology Limited, ASUSTeK Corporation, ATI Technologies, Inc., Atheros Communications Inc., AU Optronics Corporation, Broadcom Corporation, Chi Mei Optoelectronics Corporation, Cypress Semiconductor Corporation, Hitachi Global Storage Technologies, Hon Hai Precision Industry Co., Ltd., Infineon Technologies AG, Intel Corporation, Inventec Appliances Corporation, LG. Phillips Co., Ltd., Matsushita, Murata Manufacturing Co., Ltd., National Semiconductor Corporation, NVIDIA Corp., Inc., Quanta Computer, Inc., Renesas Semiconductor Co. Ltd., Samsung Electronics, Sony Corporation, Synaptics, Inc., Texas Instruments, and Toshiba Corporation. Certain of these vendors are the sole-sourced supplier of components and manufacturing outsourcing for many of the Company's key products, including but not limited to, assembly of most of the Company's portable Mac computers, iPods, and iPhones.

Jobs may get a raise (Techmeme). From the filing:

Apple's CEO, Steve Jobs, currently holds approximately 5.5 million shares of Apple common stock. Since rejoining Apple in 1997, Mr. Jobs has never sold a share of Apple stock. His last equity grant was awarded in 2003, and vested in full in 2006. Mr. Jobs currently holds no unvested equity awards. In fiscal 2007, Mr. Jobs's entire compensation consisted of his $1 annual salary. Because Mr. Jobs's continued leadership is critical to Apple, the Compensation Committee is considering additional compensation arrangements for him.

Apple's annual research and development expenditures totaled $782 million, $712 million, and $535 million in 2007, 2006, and 2005, respectively.

Apple expects component costs to rise. "The Company expects to experience decreases in its gross margin percentage in fiscal year 2008, as compared to levels achieved during fiscal year 2007, due in part to current and expected future price increases for certain components," said Apple.

A second corporate campus is on deck in the future. "The company owns approximately 2.4 million square feet of facilities for research and development and corporate functions in Cupertino, California, including approximately 1.0 million square feet purchased in 2007 and 2006 for the future development of the Company's second corporate campus in Cupertino, California, and approximately 107,000 square feet for a data center in Newark, California."

Jobs flew a bit more in 2007. "The Company entered into a Reimbursement Agreement with its CEO, Steve Jobs, for the reimbursement of expenses incurred by Mr. Jobs in the operation of his private plane when used for Apple business. The Company recognized a total of approximately $776,000, $202,000, and $1,100,000 in expenses pursuant to the Reimbursement Agreement during 2007, 2006, and 2005, respectively."

Topics: Apple, CXO, Enterprise Software, IT Employment

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

18 comments
Log in or register to join the discussion
  • Double or even Triple

    I think they can afford to double, or even triple Jobs' salary! Who could complain about that?
    maybejunk01@...
    • Ah to hell with it, give the man a fiver! :) [nt]

      [nt]
      olePigeon
      • Set a bad precedent

        The rest of the board would put out there hand for a 500% increase as well. This will
        flow through to other IT boards as they hear about it, increasingly inflationary
        pressures and leading an economic meltdown.

        Better the raise is inline with inflation and/or productivity:-)
        Richard Flude
  • Does ANYONE proof read these articles?

    Apparently not, because the "Jobs may get a raise (Techmeme). From the filing:" section is all screwed up.

    Come on folks, you are supposed to be journalists...not high schoolers.
    IT_Guy_z
  • Last I heard, Jobs doesn't get a salary...

    Did this change?
    BitTwiddler
    • From the article....

      <b>In fiscal 2007, Mr. Jobs?s entire compensation consisted of his $1 annual salary.[/b]<br><br>So yes, he does. One dollar. Plus a shitload of stocks.<br><br>hand</b>
      Hallowed are the Ori
      • From the article...

        "His last equity grant was awarded in 2003, and vested in full in 2006. Mr. Jobs
        currently holds no unvested equity awards. [b]In fiscal 2007, Mr. Jobs?s entire
        compensation consisted of his $1 annual salary.[/b]"

        So no stock last year, just the $1. :-)
        Fred Fredrickson
        • I think Apple also matches his 401K donation

          Pretty sure they do a 100% match for the first 5% of salary. So Steve has $0.95 for fun money and $0.10 added to his 401K.

          Steve, go get yourself a nice Snickers...maybe even a king size if it's on sale ;)
          THEE WOLF
  • RE: Apple's most valuable vendors; New campus on tap; Jobs raise possible

    What happens to STMicro? Still their supplier?
    yankao@...
  • Steve, no more playing with the stocks

    Take a salary like everyone else or the SEC is gonna shut us down.
    No_Ax_to_Grind
    • Maybe but so far so good..... gotta love it!

      Pagan jim
      James Quinn
      • Don' tknow, the SEC is still looking into it

        Steve thought he was free and clear a couple months back but the SEC isn't letting it go...
        No_Ax_to_Grind
    • Message has been deleted.

      B.O.F.H.
    • Slanderous remarks can have you thrown in jail .

      Be careful of what you say about APPLE , if not you may see yourself in a court of law
      for making slanderous remarks .
      Intellihence
      • I would LOVE for them to try.

        Owning Apple wouldn't be so bad I guess, heck, I could always sell it off to someone desperate enough to buy it.
        No_Ax_to_Grind
      • If that's the rule let us know what the showers

        are like for you....
        ItsTheBottomLine
  • Yes, give Jobs a raise

    Having worked with Steve, I can say that the guy deserves much more than a $1 per year. Of course it's his choice to take that. It was an example set to show others that this is his passion, not some job that he's working just to get a golden parachute. More CEO's should follow his example and get off their backside and start performing. I'll not name names here since that's not productive. But all of these guys/gals running companies in the US that are not delivering at the level that Apple has over the past 5 years...beware. The salary axes are coming, and so are the performance reviews.

    Michael Murdock
    docmurdock.blogspot.com
    ceo@...
  • Steve Jobs is a poor legend

    When Steve came back to Apple, that was the salary agreement - one dollar. That
    has been his salary ever since.

    "Stay hungry. Stay foolish." - Steve Jobs

    Steve's idea of the good life is as follows:

    "I didn?t have a dorm room, so I slept on the floor in friends? rooms, I returned
    coke bottles for the 5? deposits to buy food with, and I would walk the 7 miles
    across town every Sunday night to get one good meal a week at the Hare Krishna
    temple. I loved it."

    Next time a homeless bum tells you he's someone famous or successful, it could
    be Steve!
    JoeysLapTop