On Friday in New York, US District Judge Richard Sullivan ruled to block a shareholder vote at Apple’s upcoming annual meeting concerning how preferred stock may be issued. Earlier this month, hedge fund manager and activist i…
Apple has issued a rare, rapid public response to a shareholder lawsuit, countering charges by Greenlight Capital’s David Einhorn that the company hasn’t done enough to return its large cash reserves to shareholders. In sharp …
Apple has issued a rare, rapid public response to a shareholder lawsuit, countering charges by Greenlight Capital’s David Einhorn that the company hasn’t done enough to return its large cash reserves to shareholders. In sharp …
Beaten and bruised but apparently not broken, Barron’s has named Apple (AAPL) at the top of the list among its 10 favorite stock picks moving into 2013. Apple shares closed at $533.25 on Friday, down more than 24% from their 52-week high of $705.07, achieved just ahead of Apple’s iPhone 5 launch in September. Since then, the stock has fallen off a cliff, but Barron’s says recovery is imminent in 2013. “Apple is still going strong, even as the company’s shares have traded down 23%, to around $540, from a September peak of $705,” Barron’s associate editor Andrew Bary wrote. “None of the recent investor concerns — lower margins, supply constraints, management changes, iPad competition, and the iPhone 5 map
How do you follow up a stunning Q1 where you set record quarterly earnings and issue a sizable dividend to investors? Well, if you’re Apple, you just keep on keepin’ on, shattering even the wildest expectations with “a record March quarter.” Leading …
How do you follow up a stunning Q1 where you set record quarterly earnings and issue a sizable dividend to investors? Well, if you’re Apple, you just keep on keepin’ on, shattering even the wildest expectations with “a record March quarter.” Leading …
A number of Google shareholders are asking for the Internet giant to follow in Apple’s footsteps and return part of its $44.6 billion in cash to investors, Bloomberg reported on Thursday. Google has more cash as a percentage of market value than five of its largest competitors, including Apple. The iPhone maker recently reinstated a dividend and unveiled plans for a $10 billion stock buyout last month. Google is currently the only U.S. technology company with a market value of more than $125 billion that doesn’t offer a regular shareholder payout. The Mountain View-based company’s cash has almost doubled since 2009, and it has increased by between $2 billion and $3 billion each quarter. A dividend would ease the tensions
Apple’s already told us exactly what to expect on this so-called ‘cash balance’ conference call, but what they hey — we’ll be liveblogging it just in case Appel slips in that “one more thing.” You know, that “thing” about spending a few billion on an…
Apple on Monday hosted a conference call to reveal the fate of at least some of the $100 billion in cash and cash equivalents the company has amassed over the past few years. Apple announced that it plans to repurchase $10 billion of stock over the next three years, in addition to paying out a $2.65 quarterly dividend. Over the next three years, the compay expects to spend $45 billion. Apple’s press release follows below. Apple Announces Plans to Initiate Dividend and Share Repurchase Program Expects to Spend $45 Billion Over Three Years CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced plans to initiate a dividend and share repurchase program commencing later this year. “Even with these investments, we can maintain a war chest for
Surprise, surprise — Apple just let the cat out of its own bag. In right around a half-hour, the company will officially unwrap plans to initiate a dividend and share repurchase program commencing later this year. ‘Course, analysts have been clamorin…
