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Technology Stocks : Apple Inc.
AAPL 259.95-0.4%Jan 14 3:59 PM EST
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To: Keith Feral who wrote (92894)3/1/2010 12:02:36 PM
From: jbn3  Read Replies (1) of 213182
 
The bottom line is that a split (for AAPL) just can't simply be done be decree of the BOD.

First they would have to ask the shareholders to approve an increase in the number of authorized shares. Of course, they could announce that they were contemplating a split, and ask for approval of an increase in authorized shares.

The normal way to do that is by a proxy vote. So until you receive a proxy in the mail, you should not anticipate a split. Without the proxy request, any talk of a split is simply rumour and FUD.

(and the board could send a proxy to increase authorized shares without actually intending to split, though that might be harmful to the share price if they then did not declare a split.)
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