MC 2: MC2 Post 1805 Who Has Apple Jumping Through Hoops ---- Again

Friday, February 07, 2014

MC2 Post 1805 Who Has Apple Jumping Through Hoops ---- Again

Who CAN WAG The DOG -- Why Icahn Wagged the Buy-Back

(A statement, Not a Question...)

Apple Speeds Up Buy Back as Stock price jumps higher

Chief Executive Officer Tim Cook said in an interview with the Wall Street Journal that Apple was “surprised” by the 8 percent stock drop on Jan. 28. Alan Hely, a spokesman, confirmed the repurchases in an e-mailed statement. The shares gained as much as 2.7 percent to $526.24, after closing at $512.51 in New York yesterday

Apple Inc. (AAPL) rose in early U.S. trading after saying it bought back $14 billion in stock in the two weeks since reporting iPhone sales that fell short of analysts’

estimates and sent its shares lower.

From: http://www.bloomberg.com

Link: http://www.bloomberg.com/news/2014-02-07/apple-gains-on-report-it-bought-14-billion-of-stock-in-2-weeks.html

TinyURL: http://tinyurl.com/k3bvmz3

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Apple bought $12 billion of its shares in an “accelerated” program and $2 billion on the open market, Cook said in the Journal interview. With those latest repurchases, the Cupertino, California-based company has bought back more than $40 billion of its shares over the past 12 months, Cook said. It means Apple is “really confident” in its plans,

the CEO said.

Photographer: Noah Berger/Bloomberg

Apple Inc. Chief Executive Officer Tim Cook was reported as saying that the company...

In April, before Icahn’s involvement, Cook announced a plan for a total of $100 billion in dividends and buybacks.

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