“Apple edged higher at the opening bell, but the stock gave up those gains… as the Cupertino, Calif.-based company geared up for its annual meeting,” Pimentel reports. “The gathering had been widely-anticipated in light of Carl Icahn’s high-profile campaign to make the company boost its share buyback plan. But the billionaire investor backed off after Apple announced a new round of share buybacks that Icahn said were good enough.”
Full article here.
Don’t be surprised if Apple CFO Peter Oppenheimer announces his retirement at Friday’s shareholder meeting – February 27, 2014