He could have stopped this spiral many times but threw it in our faces with the silly sideshow comment. There will be no buyback, no div increase, I used to be one of the longs who trashed the shorts but have to face the facts, shorts were right, there is nothing stopping this stock from cracking $400 this week
I am out sadly because Cook really doesnt care about investors, he had many opportunities to save the stock price and laughed in our faces with Einhorn lawsuit saying sillly, how about the 30 % down tick in stock price how silly is that
LETS HOPE SO!
Tuesday, January 15, 2013, 06:44 pm
Rumor: Apple to open R&D and data center facilities in China
By Mikey Campbell
Apple is rumored to be readying for a push into China that involves the opening of a supposed research and development center in Beijing and the relocation of a number of App Store and iTunes servers to better serve the Asian market.
Apple CEO Tim Cook visiting an Authorized Apple Reseller during his most recent trip to China.
Sources told popular Chinese web portal Tencent (via BrightWire) on Tuesday that Apple CEO Tim Cook outlined plans for the R&D center with acting Beijing Mayor Wang Anshun on Jan. 8.
Cook recently visited China and met with the country's head of industry and information technology Miao Wei to discuss Apple's business in the region as well as global communications sector in general. The executive also held talks with the world's largest cellular carrier China Mobile over "matters of cooperation," indicating negotiations for a deal to sell the iPhone or iPad on the telecom's network are ongoing. Currently Apple has two partner carriers in the country in China Telecom and China Unicom.
During the alleged meeting with Wang, Cook also noted that Apple will move to China an undisclosed number of servers dedicated to the App Store and iTunes. Separate sources indicated that Zhangjiakou, Hebei Province or Inner Mongolia could be potential location for the data center which is expected to improve download times for users in the region. The exact nature of the R&D center was not revealed.
Apple is expanding its reach internationally with a new R&D center in Israel aimed at chip making technologies as well as rumored interest in building a facility as part of Russia's "Technopark" initiative
Tuesday, January 15, 2013, 05:23 pm
Apple's annual shareholders meeting slated for Feb. 27
By Mikey Campbell
Apple filed with Apple notified the U.S. Securities and Exchange Commission that it will be holding its annual shareholder meeting at 9 a.m. Pacific on Feb. 27 to discuss proposals from the company's board of directors.
According to the SEC filing, the meeting will be held at Apple's 1 Infinite Loop campus in Cupertino, Calif., where stock holders of record as of Jan. 2, 2013 can attend and vote for the various proposed measures.
In a letter addressed to shareholders, Apple Senior Vice President and General Counsel Bruce Sewell offered a brief summary of the proposals up for vote, including the election of Apple's board of directors, ratification of Ernst & Young as its independent accounting firm, an advisory vote for executive compensation and two shareholder proposals.
One important measure up for vote is an amendment to the company's articles of incorporation that will eliminate language from the document to facilitate the adoption of majority voting for directors. The move is connected to an announcement at the 2012 annual meeting in which Apple informed shareholders that it would be implementing majority voting in its Articles and bylaws.
In the same measure, the board is looking to eliminate so-called "blank check" preferred stock. Apple has not issued such shares since 1997 and the board does not intend to do so in the future. If the amendment is passed, any future preferred stock would have to be approved by shareholders before being issued.
Finally, the proposed amendment would establish a "par value" of $0.0001 per share for Apple common stock. While the company does not currently have a par value, it believes that establishing one will reduce corporate expenses.
The board recommends that all four proposals be passed.
The first shareholder proposal, titled "Executives to Retain Significant Stock," comes from James McRitchie and asks the Compensation Committee to adopt a policy that requires senior
executives to retain a "significant percentage" of company shares acquired through equity pay programs until reaching normal retirement age. According to the proposal, requiring executives to hold significant stock would motivate higher performance and ensure future success.
McRitchie points to CEO Tim Cook's "mega-grant" of one million restricted stock units that held a grant date value of over $376 million at the time. Half of the shares vest in five years while the remainder will vest in ten years. The concern is that the large awards have no performance requirements for vesting.
The board disagrees with proposal and said the current pay structure and practices are "firmly aligned with shareholders’ interests and encourage executives to focus on the Company’s long-term performance."
The second shareholder proposal comes from John Harrington and is entitled "Board Committee on Human Rights. If voted through, the measure would establish a Board Committee on Human Rights that would "review the implications of company policies, above and beyond matters of legal compliance, for the human rights of individuals in the US and worldwide, including assessing the impacts of company operations and supply chains on resources and public welfare in host communities." The proposal targets widespread reports of alleged labor abuse from Apple's Chinese
manufacturing partner Foxconn.
The board opposes the proposal, saying Apple is already committed to the highest standards of social responsibility and human rights. As an example, the company points to its Supplier Code of Conduct and membership in the Fair Labor Association, which performs routine independent inspections of final assembly suppliers
and nothing was reported about the reservation system.....................IDIOTS
Market has oversold the stock and needs the quarter report or news on China Mobile, then up $100 there is too much negativity build into the stock for it not to make a huge spike up!
BERNSTEIN: It's Not Unreasonable To Believe Apple Is Going To Have A Truly Monstrous iPhone Quarter
Jay Yarow|Jan. 11, 2013, 1:43 PM|3,626|5
A simple analysis by Bernstein points to Apple blowing the doors off for last quarter's iPhone sales.
This chart, which was posted on Twitter, shows that if historical trends hold, Apple could sell 55.8 million iPhones. Analysts are calling for 47.6 million phones sold.
The caveat: Apple is in the middle of a very weird quarter, so it's hard to use historical trends.
Read more: http://www.businessinsider.com/bernstein-iphone-estimate-2013-1#ixzz2HurfKaQf
Very surprised Cook sits back and takes it! Talk about a moral drag for employees!
Apple Drastically Cut Its iPhone Orders For Next Quarter
Jay Yarow|Dec. 14, 2012, 11:38 AM
Read more: http://www.businessinsider.com/apple-drastically-cut-its-iphone-orders-for-next-quarter-2012-12#ixzz2Huov3MHr