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March 19, 2012 Posted By:
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Apple (AAPL) gave Wall Street what it had been asking for, and a bit more
Jefferies' Peter Misek: Dividend and Buyback Bigger Than Expected. Apple announced a $10.60 annual dividend (1.8%) commencing in CQ3 and $10B buyback over three years (to offset dilution). We had expected a dividend announcement in H2 in the $5-$10 range. The buyback was unexpected. We see...
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March 19, 2012 Posted By:
admin
Last night, the news broke that Apple would be holding an “impromptu” conference call to talk about just what it plans to do with that nearly $100 billion in cash reserves it has in Scrooge McDuck’s Money Bin. Of course, Slate told us that Apple’s decision would be “a really big deal.” And, albeit without pyrotechnics, it was...
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March 19, 2012 Posted By:
admin
Today on Apple’s dividend and share repurchase program conference call, Apple CEO Tim Cook touched briefly on the new iPad’s opening weekend sales. Exact sales numbers were not given at the time but Cook did state “[Apple] had a record weekend.” That brief statement likely means that the new iPad outsold the iPad 2. Last year Apple was mum on...
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March 18, 2012 Posted By:
admin
Why did the company keep its silence, when it knew a year ago what we know now?
Mike Daisey performing "The Agony and the Ecstasy of Steve Jobs"
Mike Daisey began performing his off-Broadway monologue "The Agony and the Ecstasy of Steve Jobs" in January 2011. The show, which cast a harsh light on the working conditions in the Chinese...
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March 18, 2012 Posted By:
admin
We'll find out Monday, one half hour before the market opens
Click to enlarge. Source: Asymco.com
Tim Cook has scheduled a conference call for 9 a.m. EST Monday to answer the question Wall Street has been asking for years: What does the company plan to do with its enormous stockpile of cash and marketable securities, now worth more than $100 billion?
Mr....
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March 18, 2012 Posted By:
admin
Everyone has been wondering what Apple will do with its outsized cash reserves — currently at just under $100 billion. Tomorrow the company will hold a conference call to tell the world what that will be.
“Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call to announce the outcome of the Company’s discussions concerning its cash...
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March 18, 2012 Posted By:
admin
Tim Cook, Apple’s CEO, and Peter Oppenheimer, Apple’s CFO, will host a conference call Monday, March 19, 2012 at 6:00 a.m. PDT/9:00 a.m. EDT to announce the outcome of the company’s discussions concerning its cash balance. Apple will not be providing an update on the current quarter, nor on any other topics. Apple will provide live audio streaming of its...
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March 17, 2012 Posted By:
admin
I just got the new iPad in the mail, and naturally the first thing I did was load up a few of my old apps and throw some content on there. Oh god! Oh no!
One of my favorite apps, GoodReader, which opens a great variety of files and which I use to consume the enormous PDFs from Google Books,...
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March 17, 2012 Posted By:
admin
It seems that noted firebrand Mike Daisey’s story – the one about the crippled, underaged factory workers who unspooled tales of woe and torture at the hands of their evil Foxconn masters at Apple’s behest- was at least partially fabricated. He was outed as, at best, a bad journalist and at worst, a fraud. To be clear, he’s a...
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March 16, 2012 Posted By:
admin
In his review of the new iPad, AllThingsD’s Walt Mossberg describes viewing the Retina display as “like getting a new eyeglasses prescription — you suddenly realize what you thought looked sharp before wasn’t nearly as sharp as it could be.” He praises the performance of the iPad as “buttery smooth,” and he writes that he “loves” the photos he took...
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