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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (92894)	3/1/2010 12:53:41 AM
From: Pete_Y_48	2 Recommendations Read Replies (1) \| Respond to of 213181

You are correct, but the vote is pretty much a formality. Who wouldn't go along with a split? And you are right, the vote is probably a formality. The point I was trying to make is that in order for there to be a split, Apple would have to go to the shareholders first, and by doing so, we'd all know there was going to be a split. The board can't just announce a split. (Actually, normally they could, it's just that Apple can't) By the way, for the trivia buffs, Apple has 1.8 Billion authorized shares, and in the latest 10-Q they showed about 920 million weighted-average diluted shares. A two for one is just not mathematically possible.

To: Keith Feral who wrote (92894)	3/1/2010 12:02:36 PM
From: jbn3	Read Replies (1) \| Respond to of 213181

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.)