Apple Computer ( AAPL ) may be one of the hippest companies around, but its management apparently hasn't realized that stock options are out of fashion. In a proxy filing on Tuesday, the company asked shareholders to approve a tripling of the number of shares it has available as awards to executives and employees in its stock options plan. If approved by shareholders, the move would push the company's options-related dilution above 15%, a critical threshold for many institutional investors. In laying out its case for the increase in the filing, the company touted its recent success with its popular iPod music players, which has helped boost its financial revenue and its stock price. "The board believes the company's recent success is due to its highly talented employee base and that future success depends on the ability to attract and retain high caliber employees," the company said in its proxy statement.