“Apple Computer Inc. said Friday that Google Inc. Chief Executive Eric Schmidt plans to buy 10,000 of Apple’s shares in the open market, after declining its automatic stock option grant given to new directors,” MarketWatch reports.
“The Cupertino, Calif., company announced the election of Schmidt as a director to its board Tuesday. Schmidt also sits on Google’s board,” MarketWatch reports.
“Apple Computer said in a Securities and Exchange Commission filing that Schmidt declined its automatic stock option grant of 30,000 shares to which new directors are entitled under the company’s 1997 director stock option plan,” MarketWatch reports. “The company didn’t say in the SEC filing why Schmidt declined the automatic grant or when he plans to buy shares of Apple Computer in the open market.”
Full article here.
Schmidt’s broker must be one happy camper.
Related articles:
Google + Apple + Al Gore’s Current TV = ? – August 31, 2006
Google CEO on Apple’s board opens up many possibilities, including outdueling Microsoft – August 31, 2006
Re: Google CEO elected to Apple Computer’s Board of Directors – August 30, 2006
Dvorak: Does Apple’s board addtion of Google’s Schmidt portend Apple-Sun merger? – August 30, 2006
Apple and Google cozy up to make Microsoft jealous – August 30, 2006
Google CEO to help shape Apple’s future – August 30, 2006
Google CEO Dr. Eric Schmidt joins Apple’s Board of Directors – August 29, 2006
now this is interesting…
Well that should bump the stock a little. Love the confidence.
CANT YOU PEOPLE SEE, THIS IS EXACTLY WHERE THE PEAK COMES AND APPLE’S SHARE WILL LOSE 69% OF ITS VALUE WITHIN 6 MONTHS.
G-Spank,
I’m with you on this one. Nice gesture,
even if only that.
I’m really going to take stock market advice from someone who can’t spell “disaster.”
I have been observing Steve Jobs behavior for years, his primary goal is to make money, lots of it.
His behavior is just like mine in developing real estate, take a piece of junk, improve on it and make others believe if they buy it they will make money too.
His plan is to sell Apple to Google, much like he orchastrated the sale of Pixar to Disney, then retire.
Google is the only thing powerful enough to take on Microsoft, but first Steve Jobs had to make a few changes to Apple to make it a attractive buy to Google and take on M$.
I for one welcome our new Google overlords…
G-Spank said something positive? No way. Now we KNOW there is something wrong….
I disagree with Stock Watcher. I think that in his own way, Steve and others are plotting and executing the long-term emasculation of M$. Grab the raisins…snip. They are making a M$ hegemony unnecessary– and undesirable. With time, if it hasn’t happened in large part already, M$ products will be an example of crappitude, not necessity.
I believe Apple has always been Steve’s baby. NeXt was an attempt to recreate the original Apple because it had been hijacked by a punch who didn’t “get it.” And Pixar was much the same– Pixar didn’t start as a movie house, but a hardware and software house. The movies came as a fortunate accident (read Lasseter), not because of Steve entirely.
I can understand if Steve eventually leaves– people change. But I strongly disagree that he’s setting Apple up for a sale to anyone. If anything, he is putting Apple on steroids so that it gets so big, no one will be able to swallow it.
I’m not taking a side in this, but I wonder.
How much cash does Google have (just curious)?
Anyone know?
“I have been observing Steve Jobs behavior for years, his primary goal is to make money, lots of it.”
If that’s what you think, you obviously haven’t been watching very closely.
Stock Watcher – finally, someone else who gets it.
Stock Watcher:
Stick to real estate and stay out of high tech. You know nothing. BTW, how is that Dell working for you?
THIS SI A DISSASTER-
Explain, please.
SELL SELL BUY SELL BUY BUY SELL!! BLEH! BLAA! YAAAARRGH!
God… Relax, alright? Invest in index funds. Then do something more productive with your time.
1) this guy has money coming out of his butt
2) maybe he’s trying to avoid all of the Apple shares scandal crap that’s been in the news, keep himself squeeky clean, etc
LordRobin “Then do something more productive with your time.”
Yeah, Like hang out at MDN and post worthless 2cents comments….
I’ve said it before:
If Apple does actually go down the tubes and I seriously doubt this will happen, the big player left will find itself in an anti-trust lawsuit because of a complete lack of competition for consumers and buisiness tactics reminiscent of Ma Bell. Now if the Linux players wanted to really make a dent for competition in the PC market, 4 things need to happen.
1. IT HAS TO BE EASY TO USE AND INSTALL SOFTWARE.
2. IT NEEDS MORE SOFTWARE.
3. USING THE COMMAND LINE SHOULD BE MADE IRRELEVANT.
4. LINUX NEEDS BOOT TIME OPTIMIZATION.
Don’t get me wrong, I like Linux, (I like OS X even more) but we need Linux developers out there who can tackle these areas on a full time basis. Sadly, a lot of these great programmers do development in their spare time.
Smart move on Schmidt’s part: For a $7 Scottrade commission, he completely side-steps any scandal.
Steve Jobs ain’t selling his baby. Apple is not for sale to Google or anyone else.
@ imacDave: You just described MacOS X; Linux is irrelevant (and likely to remain so.)
Peterson/Dissasater (sic):
OK,
You sell $50K worth of AAPL short and I’ll buy another $50K and hold until late December. We’ll see who makes money. Ready to put your money where your ignorant mouth is? You’re so brilliant you’ve obviously forseen the recent investment history of AAPL and made a 1000% profit over the last 4 years, right? See, I’ve invested actual money and made a bundle and I didn’t do so by taking the advice of internet forum trolls. Thanks for playing. We have some lovely parting gifts.
3. USING THE COMMAND LINE SHOULD BE MADE IRRELEVANT.
Obviously from someone who doesn’t use and probably never used the command line. Go back to OS9.
But for those of us who need to get work done the command line will remain a useful too to have in our toolbox.
Sorry about the miscommunication reffering to the command line.
I was referring to the average user. Obviously we’re all above average here. I use the command line myself. I have had to use it to recover the extremely rare “disapearing user accounts” in the login window and other super-user tasks.
The average user doesn’t want to be required to know how to compile source code binaries etc. This is why mac is the only true alternative to you know who in terms of absolute ease of use.