Let me explain something to you. I don't answer to you.
Now I see where you get your superiority complex over the Apple board. Do you also think that double spacing your sentences makes you better than others, or is that just a holdover from you learning to type in the ‘80s?
Double spacing/80's? LOL, Now who is throwing around the platitudes? Your modus operandi is to throw non-sequetors at people until you frustrate them with you breathtaking lack of logic.
If I deem a question to be too inane to merit with a response, I don't dignify it with a response.
That’s really neat, because it’s identical to what you can do when you don’t know the answer. That’s how you get the big bucks.
Um, no. It's identical to what I do when I am asked a juvenile or illogical question.
I’d imagine the people with whom you’re conversing. People here, basically. If you don’t answer their questions, why would they care about yours?
I see. So you are responding to me on behalf of all the people with whom I am conversing? LOL Interesting. So, as I said, in your deluded sense of who you think you are, you think you speak for other people when no one has authorized you to do so.
The money is "earned" for the shareholders and the shareholders own that money. What part of that is so difficult to understand.
The part where whiny shareholders make for poor policy.
I suppose when your boss is talking to you, you think he is "whiny" too. If Apple doesn't like their boss they can take the company private and answer only to themselves. They haven't done that as of yet because apparently they still need the public equity market. As long as they do, the shareholders are boss. Too damn bad if they don't like it or, lol, you don't like it.
I'm not going to play your little game of watching things you ask me to watch.
That’s a shame, you’d actually learn something about Apple by doing so.
So far I have learned absolutely nothing about Apple in many exchanges with you. So, I don't value your opinion on what I may learn about Apple. The funny thing is you have no idea how much I know about Apple because you spend all of you time trying to impress yourself with your trite little non-sequetor barbs and links to keynotes that happened 16 years ago.
I have watched many many keynotes…
Have you seen the WWDC 1997 keynote?
You're kidding, right?
I also monitor Cook's comments and Apple events very closely throughout the year. He, or anyone in Apple management for that matter, have not specifically articulated a position that supports sitting on 150 (soon to be 160+) billion dollars.
Right, they say they’ll continue discussing how to intelligently process the earnings and diversify them, yada yada yada. Exactly. They don’t explicitly say they want to sit on it, but what they do say isn’t anything concrete about acquisitions (too many are unnecessary), dividends, and the like. That gives them the leeway to do… just about anything they want with the money, because deliberation takes time; we all know that. And if it just so happens that another quarter rolls around and that deliberation isn’t over, so much the better.
So, you agree that I am right on that point.
The total of Apple's R & D budget and acquisitions is a small fraction of annual profits. Apple would have to increase their current R & D spend and acquisition spend by orders of magnitude to eat through their annual profits. Apple continues to make relatively tiny acquisitions and has a relatively small R & D spend. They can also vertically integrate and build all of the robotic assembly plants they want and still not have to dip into the war chest.
All of this is 100% correct. As to the last point, they’re trying to do that, but it’s not completely possible, at least yet.
As I have posted earlier, the only logical reason for Apple to be sitting on such a ridiculously large war chest (earning 1% for the owners of the company) is if they are planning something huge.
Which is incorrect. It’s a valid option, but it’s by far not the only one.
Really, what are the other option as you see it?
There you go with your assumptions.
It not an "assumption" to say that Apple has seemed obtuse with their capital allocation strategy. When a company has a ridiculously large about of money sitting in the bank earning next to nothing for shareholders, what that says to the market is that "we don't know what to do with this money. " "We don't know how to use it to grow our business and we don't want to return it to the people who the money belongs to." That engenders bad will towards the company and the stock from the market, which is why Apple sells at a ridiculous discount to the S & P 500 right now. Apple stock has been underperforming the market for 5 quarters now. Don't think this doesn't have repercussions for Apple. Many of Apple's key people are attracted to Apple with stock options. This is a key to retaining key people. It's no secret that Apple has faced a brain drain of late with many talented people leaving and going to other techs. Don't think for a minute that there isn't a direct correlation with Apples stock price over the past 5 quarters.
Apple management must act or ultimately they will lose control of the capital.
And the company will be destroyed by morons who don’t have a clue what they’re doing, because push comes to shove they care more about getting back “their” money (you cannot possibly question the quotation marks) than Apple expanding logically, carefully and intelligently, as evidenced by what Icahn has explicitly stated he wants to do with his power.
All your misguided opinions. The company won't be destroyed. Apple already has a large 60 billion dollar buy-back in place and returns billions to shareholders in the form of a dividend. Has that "destroyed" the company? Apple just had it's best quarter in its history. I'll bet you were against the current 60 billion dollar buy-back too. You were probably posting that it would destroy the company, right? LOL.
And yet you vote with them.
Yes, because unlike you, I understand what makes stock prices go up. The parabolic growth phase for Apple is over. The years of transitioning from a sleepy niche computer company to a global wireless device behemoth is over. Apple is a massive company now with close to 200 billion dollars a year in revenue. It is very hard to move the growth needle for them even with stellar execution. The company has matured and it needs to do the things that a company Apple's size must to to release shareholder value. And you are still living in 1997, LOL. 10 years before the first iphone came out.
That’s our problem with you.
Again, it's only you. Unless someone happens to be in your basement with you who agrees with what you are typing.
Ooh, I used a plural pronoun again. What’re you gonna do about it?