Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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