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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: BigMoney who wrote (128294)10/9/2001 5:03:16 PM
From: Dave  Read Replies (3) of 436258
 
I agree.

Your mention of AAPL is particularly interesting, because they are a prime example of a tech company that SHOULD be paying dividends. Every $16 share of AAPL represents $11 in cash and $5 in corporate operations. It doesn't make any sense. Their market cap is essentially 69% mutual fund and 31% computer company. I own AAPL, precisely because I think that $5/share is very low for a company that earns $2 per year and is in an excellent position for rapid growth into the server market over the next few years. But I really wish they would use their cash to pay dividends instead of investing it in the stock market.

Dave
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