Apple Plans No Dividend Or Buyback

[JLB]

http://moneycentral.msn.com/inc/news/tickerredir.asp?Feed=OBR&Date=20080304&ID=8280776&Symbol=AAPL

Apple Inc has no plans to declare a dividend or buy back stock, Chief Executive Steve Jobs told the annual meeting of shareholders on Tuesday, adding that iPhone sales were on track.

Jobs said he was confident that Apple would hit its 2008 sales target of 10 million iPhones, a figure which some analysts have questioned in the face of a weaker U.S. economy, and executives said the communications device would reach Asian markets this year.

[sukie]

Still a rumor is swirling about a split in the near future. Last one was in 2005. The Dividend is such a minor thing.

[billsin2050]

Still a rumor is swirling about a split in the near future. Last one was in 2005. The Dividend is such a minor thing.

i think the dividend is a big thing and i am glad they aren't paying one, i sold at 198 and repurchased at 125 and i couldnt be happier about no dividend! i dont see a split coming where did you hear this info? nothin of the sorts is being said on wall street but that isn't my sector per se..

[35Pete]

The iPhone was an act of marketing and engineering genius.

[sukie]

i think the dividend is a big thing and i am glad they aren't paying one, i sold at 198 and repurchased at 125 and i couldnt be happier about no dividend! i dont see a split coming where did you hear this info? nothin of the sorts is being said on wall street but that isn't my sector per se..

Most of the chatter is in the blogs... It is based on past history which is somewhat unreliable an indicator.

[35Pete]

Apple is a technical and marketing wonder.

For all the ball busting I do on Macs (mostly to get sukie's blood pressure up), there hardware and software engineering is world class.

As an engineer, I knew that when they pulled the iPhone out that they'd kick ass.

iPod was a marketing and engineering masterpiece.

iPhone started shaky, especially with the 600 dollar boondoggle. But first to market often means capturing the market.

And Apple has learned from some pretty damn bad past blunders. That said, I think that they will remain aggressive in both keeping their pulse on the market, and shattering existing technological envelopes to keep their competitors on their heels.

If I am right about the coming economy it won't matter. If I am wrong then I think this would remain a sound company.

Nice bounceback Apple. Once Microsuck took the PC market you didn't challenge them head on. You flanked them.

[treydawg]

The iPhone was an act of marketing and engineering genius.

Mainly the software on it plain kicks ass.

Apple is not going to offer a dividend nor should they. It's a growth company, their money to R&D, not dividends.

[35Pete]

Mainly the software on it plain kicks ass.

Apple is not going to offer a dividend nor should they. It's a growth company, their money to R&D, not dividends.

The hardware is very good too.

[treydawg]

The hardware is very good too.

Spoken like a true EE :D

It definitely is, no doubt about that.

[BuffaloRedleg]

Apple is one of the best stocks out there. It could go as high as 185-190 range. I wish I would have bought in in the 120's or even 130's my buddy is laughing at me pretty good now.

Its the perfect "Buffet Stock"

[35Pete]

Spoken like a true EE :D

It definitely is, no doubt about that.

When it comes to embeded design, 70% of the engineers doing the firmware have EE degrees. :)