Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 10 February 2014 12:49

Don’t save Apple’s share price with buy-outs

Written by Nick Farrell



Icahn can’t make it work

Fruity cargo cult Apple has been responding to its tanking share prices following the idea of Carl Icahn – namely buy them up while they are cheap and keeping them in short supply.

Icahn wants the company to do even more as a way of keeping the share price high, but it looks like the proxy advisory firm ISS thinks the whole idea is stupid. ISS has been telling everyone that they should vote against activist investor Carl Icahn's share buyback proposal for.

"The Apple board has returned the bulk of its US-generated cash to shareholders via aggressive stock buybacks and dividends payouts," the ISS report said. "In light of these good-faith efforts and its past stewardship, the board's latitude should not be constricted by a shareholder resolution that would micromanage the company's capital allocation process."

Proxy advisory firm Egan-Jones also advised shareholders on Friday to vote against Icahn's plan. However while the moneymen are voting against Icahn’s plan, they are ignoring the fact that Apple has been carrying out more buyouts anyway. 

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments