Change in Apple's CAPITAL STRUCTURE (Apple should copy)
Apple should Copy IBM and GOOG. Two companies who's stock prices are alot higher PEs. Apple should float some Debt, at today's super-low interest rates. It could sell 10 year debt at 2.4%, after-tax that would cost Apple 1.8%, and use say $50 billion of such to buy back shares, thereby saving money vs. even just the dividend it must pay on the shares, and also Apple would make an added 10 - 30% per year by owning the shares (yield of the stock, being inverse of the PE + growth). Thus Apple buying back its own shares ALOT MORE INTELLIGENT THAN EINHORN's AGITATING FOR BIGGER DIVIDEND.