that won't bring back the $150 BILLION he has wasted in buying back (often at much higher prices) AAPL stock
What an absolute failure this guy has been.
Operations guy with the imagination of a doorknob !!
A few palms will be greased and a slap on the wrist and then life goes on....
Chinese govt agency HAS to show they are doing something, then "wink wink" with BIDU officials and its over..
For a tradable bounce is the RSI is 20, and the stock is down 7/8 days
And if the buyback can be launched next week ?
But BOD, as incompetent most boards are, should see that the MARKET has NO faith in TC!
After showing how stupid he has been in wasting $150 BILLION
For the past nine quarters, from September 30, 2013 to year-end 2015 (its fiscal 2016 first quarter), Apple bought back 760 million shares, lowering the count from 6.3 billion to 5.54 billion, a reduction of 12.1%. The program cost a total of $87.2 billion. Over those two-plus years, Apple paid an average of $115 for each share it retired.
So they bought when it was time to sell !!!
Are you kidding ?!? The SEC !!!??
Haven't you figured out they are good for NOTHING !!??
Apple has been COOKED....
The guy is oblivious to reality
As Carl Icahn. probably, said in his text to TC: C ya sucker !!!
He is not just sitting around! don't you see he has figured out a way to destroy the company's wealth!!
The guy has NEGATIVE imagination on a scale of 01-10 !!!
TC is still figuring out if increasing the battery life on the next iphone by 30 mins would count as innovation!!?!
You cannot expect this operations guy to be IMAGINATIVE !!!! He is the antithesis of a Silicon valley CEO!
TC will not buy any company, whose CEO might replace him...
Colossal failure is how TC will be remembered; AFTER WASTING $165 billion , NOW he says we might do a big acquisition !!!!!!
Jobs, may his soul RIP, made a HUGE blunder by placing his confidence in this totally unimaginative guy!
His lack of imagination is forgivable, but buying back the stock of this unimaginative company is ABSURD!!
I have said it often before: TC is a case study of HBS for how to destroy a rich company!!!