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Technology Stocks : Apple Inc.
AAPL 274.04-1.6%1:37 PM EST
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To: Zen Dollar Round who wrote (12010)4/22/1998 3:27:00 PM
From: Robert E. Winston  Read Replies (1) of 213176
 
Anyone have word on how the Apple shareholders meeting went?

From MacIntouch <http://www.macintouch.com/>

|> Henry Norr called in a report on Apple's shareholder meeting
|> today, and he'll be filing a full report a little later. There
|> were no major surprises, but some of the votes reflected
|> concerns. The formal part of the meeting took only about 15
|> minutes. A vote to "declassify" Apple board members (item 2)
|> failed, because a majority of shares was not voted. Other
|> items were approved, but there were contrary votes on Item 4
|> to set aside 17 million shares for executive stock options
|> (77% of votes approved) and Item 3, stock options for
|> directors (87% voted for it).
|>
|> Following the formal meeting, Steve Jobs led disussion of
|> other issues. The first question concerned the demise of
|> Quicken and Bill Campbell's roles as an Apple board member and
|> CEO of Intuit. Jobs said that Apple had not gotten "in
|> Intuit's face" enough earlier, but Apple's secret consumer
|> plans impressed Intuit in the latest discussions, which may
|> result in a joint press release next week. Additional topics
|> included Newton, developer issues and market share/sales
|> volumes. Jobs stated his direction for Apple succinctly:
|>
|> "Our strategy pure and simple is to come out with great
|> products that customers want to buy at margins healthy enough
|> to satisfy ourselves and our shareholders."
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