“Apple appears likely to return some of the cash on its balance sheet to shareholders, AlphaOne Capital CIO Dan Niles said Tuesday on CNBC,” Bruno J. Navarro reports for CNBC. “‘I think they told you they’re going to do something with the money,’ he said, citing the company’s response to activist investor David Einhorn’s request for a preferred dividend.”
“Niles said the company has made ‘progress’ with its cash, noting that the company under Cook reintroduced a dividend just five months after co-founder and former CEO Steve Jobs died,” Navarro reports. “Jobs had opposed paying a dividend.”
Navarro reports, “Niles looked to Apple’s shareholder meeting on Feb. 27. ‘That’s the earliest you should be expecting anything, and they’ve told you they’re going to move,’ he said.”
More info and video in the full article here.
I hope they take it, buy an island, a few black market nukes, maybe a submarine with launch capabilities or 2, declare themselves a country, raise the old Steve Jobs Pirate Flags, invite any atlas’s that want to shrug to come work for them, dress Tim in all white or all black like a Bond Villain, and have him address the world. Then have a Jonny Ive video where he says, “We didn’t want to just create another country. We wanted to create a country that works….”
Will this new country be set up to handle the massive immigration? 🙂
Ive: “It’s the silent demand for a country designed from pure innovation and brilliant vision that drove Apple toward this fruition.”
Buy up some highway from the California government. Have self-driving vehicles. Change the world, Apple!
Sad to think that someone would think that you need weapons to start a county. Nuclear weapons are never needed and the world is better off without them. Are you a staunch Republican or something similar?
Interesting how everyone else was captivated by the idea of Apples country and you zero in on one thing you want o bitch about and try to turn it into a political debate. You are not very much fun, I hope you aren’t like this at parties, its pretty obnoxious.
Yes, a country with same sex marriage, because Tim Cook is gay you know, Ha..Ha..T-Bagger.
It was in poor taste for the original post to have even mentioned weapons as if that was a solution to world problems. We have a long way to go to create a peaceful world.
Democrat presidents always go to war. Liberals only protest wars under Republicans… they are fine with Democrat wars.
Our current Democrat president has a kill list, and assassinates U.S. citizens in other countries with attack drones. But only Republicans like weapons… right.
You are right in some respects. Democrats are often left with the messes of the Republicans to clean up and use the war materials the Republicans have built up. Neither side is right in this striving for peace that the world is engaged in.
Here is an idea, spend it on fixing your buggy OS and throw in a new Mac Pro sometime before the supernova that’s gonna take out all we know.
The sun will go through stages one of which will include it growing in size and likely be too close to the earth to allow life to continue to exist but it won’t be a supernova as those require much larger solar mass.
As a shareholder, I’d rather have had the higher share price, but now that I know it’s pretty much an impossibility, I’ll just have to settle for a bigger dividend if it comes. I really wanted to see Apple acquire some companies that are outside of hardware, but Apple continues to buy these tiny companies, maybe for strategic purposes. I’m looking for some blockbuster move, but it might be too soon for that. I mustn’t get impatient and think long-term. I don’t need the money right now and can easily buy a high-end iMac with the current dividend.
When you think about it, a six-month slump in a stock really isn’t that big a deal. However, I hope it doesn’t last all of 2013 in this share price range. There has to be some value in Apple no matter what Wall Street claims as long as that lump sum of cash is there.
Apple is not about big, flashy acquisitions. Most of those are failures, anyway. Just ask Google and Microsoft and dozens of other would-be conglomerates who regretted signing on the dotted line.
Apple has been successful because it maintains focus – focus on user experience, focus on innovation, focus on integrated products. Profits occurred because of the great products that resulted from that focus. Why would you want Apple to spend (likely waste) billions or tens of billions trying to be something it is not.
Every other electronics company seems to be desperately trying to become more Apple-like in order to be successful. If that is the case, why should Apple try to be more like those companies? It doesn’t make any sense.
By the way, AAPL will go back up. This sell-off is an opportunity.
One idea could be good. Apple could take its stock to another big stock exchange that does not allow short sell. Apple could also devide it’s HQ to another country that does not have as ridiculous tax laws as USA has.
Bunch of greedy wolves with no interest in the products of Apple, only in the profits.
Apple should not focus on shareholder valiue as we all know this takes down Apple in the long run.
Yawn.