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Apple exec Scott Forstall sells 95% of company shares worth $38.7M - Page 3

post #81 of 88

Let's ask him ....someone send him a tweet !   Wonder if he has a Facebook page.lol.gif

post #82 of 88

You people are reading way too much into this. Insiders sell shares all the time to raise cash. For example, if they want to buy a house, they might just sell their shares to get the cash. It means nothing.

post #83 of 88
Why sell 95% of shares now unless you think the stock will be less in the future or possibly Scott is using one of Steve Jobs old 1997 tactics to get what he wants.

http://news.cnet.com/2100-1023-202239.html

"Ending a brief mystery he created, cofounder Steve Jobs disclosed in an interview that he sold 1.5 million shares of Apple Computer stock two months ago because he had lost faith in the company.

"Yes, I pretty much had given up hope that the Apple board was going to do anything," Jobs said in an interview with Time magazine in editions to hit the stands this week. "I didn't think the stock was going up."
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post #84 of 88
Quote:
Originally Posted by Hodar View Post

Considering the iPhone 5 release is likely to happenin the next 4 months or so; and that the predicted sales of these will be fairly huge - why sell now?

 

This doesn't include the anticipated sales of Apple's TV efforts, nor the Ivy Bridge refresh on their existing hardware - all of which should drive the stock price of Apple even higher.

5th gen. iPhone has already been released, silly child.

post #85 of 88
Quote:
Originally Posted by Commodification View Post

Why sell 95% of shares now unless you think the stock will be less in the future or possibly Scott is using one of Steve Jobs old 1997 tactics to get what he wants.
http://news.cnet.com/2100-1023-202239.html
"Ending a brief mystery he created, cofounder Steve Jobs disclosed in an interview that he sold 1.5 million shares of Apple Computer stock two months ago because he had lost faith in the company.
"Yes, I pretty much had given up hope that the Apple board was going to do anything," Jobs said in an interview with Time magazine in editions to hit the stands this week. "I didn't think the stock was going up."

how so?.. scotts has plenty more stock coming to him... It's most likely due to taxes...

funny... scotts making 700G's and the Late Steve Jobs, was making 1$ does that make scott forstalll worth 700 thousand times more than Steve? / RImshot.../sarcasm.
Edited by haar - 5/3/12 at 4:59am
post #86 of 88
I wouldn't be surprised if Scott's is making a statement ( with the 95% stock sale) that the Apple board better give him more visible cloat in the company or he's going to go start his own. Wouldn't Steve Jobs do the same thing if he was in Scotts position?
We become what we behold. We shape our tools and then our tools shape us.- Marshall McLuhan

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post #87 of 88

This is bad news for consumers.

post #88 of 88

This makes more sense now.
 

We become what we behold. We shape our tools and then our tools shape us.- Marshall McLuhan

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