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Shocking News from Steve Jobs!



February 25, 2010 – Comments (5) | RELATED TICKERS: AAPL

According to press reports, Apple (AAPL) has no plans to pay a dividend. The company would prefer to save that $25 billion in order to make an ill-conceived acquisition in the name of empire building or keep it just in case they decide to buy up livers around the world just in case Steve's new one fails.

You heard it here first...

5 Comments – Post Your Own

#1) On February 25, 2010 at 6:36 PM, Varchild2008 (84.31) wrote:

Yeah no kidding....It is extremely heart wrenching and ignorant of Steve Jobs to think he needs to hoard every single penny, nickel, or dime the company makes...especially in a time of a deep deep recession.

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#2) On February 25, 2010 at 9:41 PM, Dobbes (< 20) wrote:

Par for the course for tech stocks unfortunately.  That said, "blech."

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#3) On February 26, 2010 at 8:08 AM, cthomas1017 (98.78) wrote:

Not sure why the hostility against Jobs.  (Full disclosure: I had dinner with him during his NeXT days and can't say that I'm an admirer.)  It's long been that Apple doesn't pay dividends.  Their market appreciation over the years when he has reigned (yes, reigned) ;) has been impressive and indisputable.  But to go after his health to attack what has long been Apple policy.  Sorry, bad taste.

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#4) On February 27, 2010 at 2:00 AM, HarryCaraysGhost (88.03) wrote:

I don't understand why Appl does'nt use that $25 billion to simply build a cloneing division.

That way there would be no worries about Steve Jobs health.

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#5) On March 04, 2010 at 9:30 AM, ayekappy (< 20) wrote:

Or they could make an iShuttle and start sending people into outter space for fun.

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