i don't think they have bought back one share in 2012 and are just now putting the people in place to execute this year old mandate as rumors persist the cfo will be fired in regards to this matter. what's wrong with this new untested management team?
Apple has hired Xerox's chief financial officer in a move that some believe will see the company increase the dividend payment to shareholders, or even facilitate a share repurchase increase. The hire may also suggest that the company is preparing its finance team to fill the void left should 50-year-old Peter Oppenheimer leave the company.
Luca Maestri is to leave his post as CFO of Xerox at the end of February to become corporate controller of Apple. While this looks like a demotion, some reports indicate that Maestri is likely to eventually replace Peter Oppenheimer."
Like Traderdave said, do some Due Dilligence...there is a share buyback already in effect.
The info is On Line ... Googe "Apple Share buyback" ... it will take you to the Apple website page with the info.
During the upcoming Earnings report, I would like to hear some report on that. Also an increase or acceleration would be good also.
the point is we only have rumors of share buying in 2012 (they have a three year mandate of $10 billion to prevent shareholder dilution due to excessive executive vesting of options). i suspect we will find out on wednesday that they failed to re-purchase even a token share, why?
"Investors also expect Apple to follow through on a promised $10 billion stock buy-back program.
"If the company is not buying back at this level, I think it's absurd and suggests that something is seriously wrong with the company," said Mark Mulholland, manager of the Matthew 25 fund, which has about 17 percent of its holdings in Apple."