FORTUNE -- Apple (AAPL) on Monday set in motion the financial mechanisms necessary to initiate the $100 billion cash management plan announced last week.
By 11 a.m., according to an SEC Form S-3 filing, the company will have deposited the cash necessary to pay accrued dividends. According to Reuters it will also be holding a series of meetings with potential bond buyers under the auspices of Deutsche Bank and Goldman Sachs.
No dollar amounts were mentioned, but the total raised should be in billions.
The good news for Apple investors is that all this activity suggests that the company's 3-year, $60 billion stock buyback plan has not yet begun in earnest.
In other words, last week's increased volume and $26.67 (6.8%) bump in the share price was the market's doing, not Apple's.
Equity-based crowdfunding has yet to take shape one year after the JOBS Act was signed.
By Kurt Wagner, reporter
FORTUNE -- It's been exactly one year since President Obama signed the JOBS Act into law. After passing with flying colors in the House and Senate, the President called the new legislation a "potential game changer" for its ability to alter the fundraising landscape for both startups and small businesses. Of the MORE
Apr 5, 2013 7:30 AM ET
SEC filings show banks and hedge funds selling Apple shares by the millions
FORTUNE -- There was a lot of selling pressure on Apple (AAPL) last quarter, to put it mildly. The stock ended the year down 25% from its September high of $705.07 and has fallen another 12% since then.
Want know where that pressure came from?
The big financial institutions -- banks, insurance companies, hedge funds, pension funds etc. -- that MORE
Philip Elmer-DeWitt - Feb 15, 2013 7:33 AM ET
The JOBS act was supposed to kick start crowdfunding. Now it's stuck waiting for the SEC to determine how the masses can invest in startups.
By Kurt Wagner, reporter
FORTUNE -- Crowdfunding, a relative newcomer to the investment industry, is stuck in legislative limbo. President Obama signed the JOBS Act in April, but the business world is waiting for the Securities and Exchange Commission to issue rules for the law. The MORE
Dec 28, 2012 5:00 AM ET
Steve Jobs may not care about his company's stock price, but someone in Cupertino does
Here's a piece of Apple (AAPL) keynote trivia spotted by a keen-eyed member of Investor Village's AAPL Sanity board who calls himself the silver_Fox.
At the 45:11 mark in Monday's Worldwide Developer Conference keynote presentation, in the middle of Scott Forstall's canned demo of iOS 5's new notification feature, a stock ticker popped up that showed Apple MORE
Philip Elmer-DeWitt - Jun 12, 2011 10:52 AM ET
Who's behind the weekly Max Pain phenomenon that has become the tail that wags the dog?
In our ongoing quest to understand what part the trade in weekly Apple (AAPL) options plays in keeping the company's stock price from reflecting its performance (see here, here and here), we had a chat the other day with Mark Sebastian, a former market maker at the Chicago Board Options Exchange who posts frequently on MORE
Philip Elmer-DeWitt - May 27, 2011 8:53 AM ET
There's something fishy about the trading two days before NASDAQ released the news
The gap in the blue line on April 5 in the chart at right reflects the $4.2 (1.2%) traders knocked off Apple's share price at the opening bell Tuesday -- the first opportunity money managers had to rebalance their portfolios after NASDAQ announced in the middle of the night that it was reducing Apple's weight in the MORE
Philip Elmer-DeWitt - Apr 6, 2011 7:53 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web.
Today, the FCC votes on Internet regulations that would mandate that companies treat all kind of Web content equally -- though as they are now, the rules would not apply to wireless data. Venture capitalist and former California State Controller Steve Westly explained why the net neutrality proposal announced by FCC Chairman Julius Genachowski is a must-have. (CNN MORE
JP Mangalindan, Writer - Dec 21, 2010 6:00 AM ET
The Mac and iPod slices shrank between '08 and '09. iTunes grew a bit. iPhone grew a lot.
Steve Jobs likes to describe Apple's (AAPL) business model as a stool built on three-legs: the Mac, the iPod and the iPhone.
But a quick glance at the 2009 Form 10-K, which Apple filed on Tuesday, shows that it is now more like a four-leg chair, with a couple of wedge-shaped pillows on the MORE
Philip Elmer-DeWitt - Oct 28, 2009 8:02 AM ET
Legal departments turn to technology to handle an onslaught of regulatory requests
By Aaref Hilaly , president and CEO, Clearwell Systems
Have some sympathy for your corporate legal department – it's facing the perfect storm.
Like everyone else this year, the legal department is required to cut its budget, in some cases by 20% or more. But unlike other departments, legal faces a greatly increased workload. It's not so much because of litigation, MORE
Oct 22, 2009 11:00 AM ET