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Apple’s $24.5 billion: The case for a big stock buyback
Apple’s $24.5 billion: The case for a big stock buyback
Here’s a headache most companies would love to have. Apple is sitting on a huge cash reserve — $24.5 billion as of September and growing at the rate of $8 to $10 billion a year – that’s doing almost nothing for it. The money is earning about $1.55% interest ...
When Apple Failed
forbes.com — Personal Technology When Apple Failed Andy Greenberg , 10.30.08, 6:00 AM ET Boston - Long ago, before... the iPhone, before the iPod, before even the second coming of Steve Jobs, Apple was not the infallible juggernaut of innovation it's known as today. ... (more) When Apple Failed
Reconstructing Apple’s 2008 Earnings to Reflect iPhone Sales
bullcross.blogspot.com — Andy Zaky on Apple’s share price, and how most mainstream financial analysts don’t seem to grok the... implications of Apple’s use of subscription-based accounting for the iPhone: Right away, one ought to notice the staggering ... (more) Reconstructing Apple’s 2008 Earnings to Reflect iPhone Sales
Opera Mini for iPhone rejected by Apple from App Store
Opera Mini for iPhone rejected by Apple from App Store
unwiredview.com — Mobile Safari on the iPhone is great. You can pinch-out/double click to zoom in, pinch-in/double click to... zoom out, you can open up to 8 tabs and it also works as a local Word/Excel document and PDF reader. It doesn’t hurt that it’s one ... (more) Opera Mini for iPhone rejected by Apple from App Store
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Closing Bell: Dow ends down after rate cut; AAPL, GM, PBR, CMCSA
BloggingStocks — ... ) surged over 9% to $109 on a rumor from research firm Bernstein that the company might buy-back as much as $20 billion of its stock. Even if the comments have no basis in fact, it helped the stock move more than most of its earnings announcements do. ...

The case for Apple to execute a large stock buyback
MacDailyNews — ... at a unusually low (for Apple) multiple of 15 times earnings. That makes conditions ideal for a massive buyback of Apple (AAPL) shares, says Sacconaghi." "Of course, Steve Jobs may have better ideas than Toni Sacconaghi about what $25 billion can do," Elmer-DeWitt reports. "The last time Apple’s stock fell this sharply — plunging from nearly $40 a share in March 2000 to $7.44 in December 2000 – Jobs used the cash he had on hand to start a chain of Apple Stores." Full article here .

Analyst: Apple should consider big stock buyback
Macsimum News — ... Bernstein Research analyst Toni Sacconaghi thinks that, with US$24.5 billion in the bank, Apple should consider a big stock buyback, reports Fortune. Apple is sitting on a huge cash reserve—US$24.5 billion as of September and growing at the rate of $8 to $10 billion a year –  that’s doing almost... ...

Closing Bell: Dow ends down after rate cut; AAPL, GM, PBR, CMCSA
BloggingStocks — ... ) surged over 9% to $109 on a rumor from research firm Bernstein that the company might buy-back as much as $20 billion of its stock. Even if the comments have no basis in fact, it helped the stock move more than most of its earnings announcements do. ...

Linkpost | 10.30.2008
TechBlog — ... - That didn't take long. • Apple's $24.5B: The case for a stock buyback - What should Apple do with its huge cash reserve? Buy back some of its stock, says Philip Elmer-DeWitt. • ...

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