Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

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