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Posts by Russell

On March 19, 2012 AAPL closed at $601. Later that day Apple first announced they were going to initiate dividends and buybacks. Like clockwork, naive fanbois convinced each other it was a great idea because fewer shares on the market will make the stock price go up. It didn't happen. Just 2 years later, April 23, 2014, AAPL closed at $524. Down 14%. During the same time, AMZN went from $185 to $324. Up 75%. Now Apple is multiplying available shares. Why the complete...
The world's biggest tech companies are currently dealing with a class-action lawsuit that accuses them of colluding to keep employees' wages down.    The companies — Apple, Google, Adobe, etc. — were accused of having no-poaching agreements so they wouldn't hire each others' employees. The case could be settled for anywhere between $3 billion and $9 billion this week. When the case is finalized, employees of companies could be rewarded with thousands of dollars in...
 By DAVID STREITFELD APRIL 20, 2014   SAN FRANCISCO — After years of legal skirmishes, four leading Silicon Valley companies are scheduled to go on trial next month on claims of conspiring to keep their employees down.   A 43-year-old programmer who helped set in motion a class-action lawsuit against the companies and became one of its five class representatives will not be present in the San Jose courtroom. He was shot and killed by the police last December.   The...
If the mentioned celebrities had signed contracts to use Samsung products and then didn't, they should be sued for breach of contract.
"The brief clarified that the district court's decision "did not find that 'Apple itself desired higher e-book prices than those offered at Amazon." (emphasis in original) Instead, the court found the iPad to have "encouraged innovation and competition." Oh really? Trying to rewrite history are we? "...records of Apple saying it "cannot tolerate a market where the product is sold significantly more cheaply elsewhere." And some of the most damning statements, Cote said,...
  1) It all started last January (2011), when Gawker took it upon itself to declare Cook “The Most Powerful Gay Man in Silicon Valley,” after he took over as interim head for an ailing Jobs.A few months later, Out Magazine placed Cook atop its annual list of the most powerful gays and lesbians. Cook, a man who’s often described as “intensely private,” didn’t show up for the photo shoot.And many in the press want the rainbow tour to continue -- with or without Cook’s...
If Apple was truly concerned about gay discrimination, why don't they let their CEO admit he's gay?
  It's like calling a moped a motorcycle.
 Do you fail to distinguish shame or humiliation? You were derided as a moderator, what are you still doing here?
 The case is still ongoing.If you know anybody from the affect companies with the following job descriptions, have them register as a potential class member. "The suit represents software and hardware engineers, programmers, animators, digital artists, Web developers and other technical professionals, according to the ruling. Kelly Dermody, a lawyer representing them, said in an e-mail that there are as many as 64,626 potential class...
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