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


To: aaplAnnie who wrote (149829)2/7/2013 3:51:53 PM
From: Moonray  Respond to of 213176
 
What the H just happened?

Apple Responds: Proposal Wouldn’t Block Einhorn’s Idea
February 7, 2013, 3:43 PM

Apple Inc. has issued a response to David Einhorn’s arguments today regarding its cash position.

The company says the proxy proposal Einhorn has taken issue with doesn’t actually preclude Einhorn’s
idea for returning cash, which it will consider. Apple further says the proposal would serve the shareholder’s
best interest.

o~~~ O



To: aaplAnnie who wrote (149829)2/7/2013 4:04:56 PM
From: Road Walker  Read Replies (1) | Respond to of 213176
 
Statement by Apple

3:38 PM ET, 02/07/2013 - Business Wire
CUPERTINO, Calif.--(BUSINESS WIRE)--Feb. 7, 2013-- By early last year, Apple’s cash balance had built to a point beyond what we needed to run our business and maintain flexibility to take advantage of strategic opportunities, so we announced a plan to return $45 billion to shareholders over three years. As of next week we will have executed $10 billion of that plan.

We find ourselves in the fortunate position of continuing to generate large amounts of cash, including $23 billion in cash flow from operations in the last quarter alone.

Apple’s management team and Board of Directors have been in active discussions about returning additional cash to shareholders. As part of our review, we will thoroughly evaluate Greenlight Capital’s current proposal to issue some form of preferred stock. We welcome Greenlight’s views and the views of all of our shareholders.

As a part of our efforts to further enhance corporate governance and serve our shareholders’ best interests, Proposal #2 in our proxy includes some recommended changes to our articles of incorporation. These changes were recommended independently of Greenlight’s proposal and would not preclude Apple from adopting their concept. Contrary to Greenlight’s statements, adoption of Proposal #2 would not prevent the issuance of preferred stock. Currently, Apple’s articles of incorporation provide for the issuance of “blank check” preferred stock by the Board of Directors without shareholder approval. If Proposal #2 is adopted, our shareholders would have the right to approve the issuance of preferred stock. As such, Proposal #2 has the support of many of our shareholders.

We remain committed to having an ongoing dialogue with our shareholders to get perspectives around return of capital and driving shareholder value.

NOTE TO EDITORS: For additional information visit Apple’s PR website ( www.apple.com/pr), or call Apple’s Media Helpline at (408) 974-2042.

© 2013 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Source: Apple



To: aaplAnnie who wrote (149829)2/7/2013 4:12:36 PM
From: Stock Puppy1 Recommendation  Read Replies (1) | Respond to of 213176
 
What the H just happened? I looked down for a couple of minutes and looked back up to see AAPL up 6 + bucks.
I put in an RFR, in triplicate, signed in all 20 spots, dated and made sure it got to the right people.

Sorry I didn't announce in advance.

(RFR = Request For Recovery)

Need I add : :-) :-) :-)



To: aaplAnnie who wrote (149829)2/7/2013 4:16:01 PM
From: DanD  Respond to of 213176
 
APPLE ISSUES STATEMENT ON ITS MASSIVE CASH PILE

Read more: businessinsider.com