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Apple Inc. Message Board

  • gitreelonce gitreelonce Mar 12, 2013 5:50 PM Flag

    Barclays wants apple to sell 50 billion in bonds, so they can reap a 25 mill fee. Needless debt. Look at IDCC.

     

    Barclays talked idcc, who was cash rich at the time, to sell 200 million in convertable bonds. So barclays made some bucks there, and IDCC is paying interest, year after year, plus if the stock price goes mid 60's, theres stock dilution. Plus that year, IDCC had a negative cash flow. The bond sale debt created positive cash flow, and even though IDCC's compensation package awarded a bonus for "cash flow from ordinary business", idcc's executives awarded themselves a bonus, due to cash flow from the debt sale. So why in the world, would a cash rich company like apple, want to sell bonds, if investors are their primary concern. Barclays was also involved with libor, and do a search on barclays, and look at all legal wrangling they are in, and all the fines they had to pay. someone at apple should sever ties with barclays.

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