When Tim Cook's failure to announce a dividend was supposed to send it tumbling?
If you spent part of Thursday afternoon, as I did, monitoring the $AAPL tweets, you know that Apple's (AAPL) share price was supposed to go into free fall the moment traders found out that the company was not going to announce a dividend, buyback or stock split at its annual stockholders meeting.
Shares did begin to tumble at MOREPhilip Elmer-DeWitt - Feb 24, 2012 6:18 PM ET
CEO Tim Cook reiterated his previous position: We're looking at it carefully
As expected, the issue of what Apple (AAPL) plans to do with its roughly $100 billion in cash came up at the company's annual shareholder meeting Thursday.
It was the first question from the floor, and CEO Tim Cook had an opportunity to make an announcement, if he were so inclined.
He was not.
According to reports from inside the meeting, he MOREPhilip Elmer-DeWitt - Feb 23, 2012 1:58 PM ET
The company is likely to hold on to its $100 billion cash hoard -- at least for now
I suspect that the number one question on the mind of Apple (AAPL) shareholders gathering today at 1 Infinite Loop for the company's annual meeting is what Tim Cook plans to do with Apple's roughly $100 billion in cash and marketable securities.
"I think it's clear to everyone, and I'd be the first to admit, MOREPhilip Elmer-DeWitt - Feb 23, 2012 8:02 AM ET
Likely to exceed the tech sector's average 1.2% dividend, driving share price up $100
The institutions that hold 70% of Apple's (AAPL) shares lobbied Steve Jobs for years to put some of his company's rapidly growing cash hoard in their hands.
Now that his successor is talking openly about the company's discussions to do just that, the sell-side analysts have started to calculate how big their share might be.
The latest to weigh in MOREPhilip Elmer-DeWitt - Feb 16, 2012 12:06 PM ET
An analyst asks whether it can keep outperforming the market without paying a dividend
Toni Sacconaghi just won't give up.
For more than two years, Bernstein Research's top Apple (AAPL) analyst been after Steve Jobs to spend some of the company's growing cash hoard ($51 billion as of September), preferably on a stock buyback or cash dividend.
"Shareholder frustration," he wrote in an open letter to the board of directors in August, "is MOREPhilip Elmer-DeWitt - Dec 8, 2010 11:54 AM ET
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