...Apple's (AAPL) Mr. Cook said he wants to "be able to adjust for the long-term interest of the shareholders, not for the short-term shareholder, not for the day trader.
"We may see a huge company tomorrow that we want to acquire or something may happen in the stock market that's unpredictable," he continued.
Historically, Apple hasn't made big acquisitions; the company has never spent more than $1 billion on a single deal. Mr. Cook said Apple has bought 21 companies over the past 15 months.
Surely it will be on the agenda I'd think!
...LOS ANGELES (MarketWatch) -- Apple Inc. AAPL -0.12% has repurchased $14 billion of its own shares in the last two weeks, The Wall Street Journal reported late Thursday, saying it was told of the buybacks by Apple Chief Executive Tim Cook. The transactions have taken place since the release of Apple's fiscal first-quarter results, in which iPhone sales fell short of analyst expectations. Apple's sales forecast for its fiscal second quarter was also below Wall Street's projections. Cook said Apple's purchases of more than $40 billion of its shares over the past 12 months is a record amount for any company over a similar period of time.
FB is down only marginally and only because of TWTR. It is sector related. A good time to buy on the dip and ride this puppy up to $70 soon!
TWTR is unique in that it is not tied to any index as yet! Fortunate for TWTR I'd say!
In a bad market its the high beta stocks that will get hit the worse. We are seeing that today!
All things considered Apple took the hit and is on the rebound. Today's action is proof!
Crazy thing is AMZN will pop up quickly and AAPL not!