Apple Knows What Time It Is
Today at the Goldman Sachs tech conference in San Francisco, Apple (AAPL) CEO Tim Cook took a firm stand. Cook rejected hedge fund manager David Einhorn's proposal to return value to shareholders, saying that the company's focus is on research and development. That's good news, because it shows that Cook won't be distracted by what he terms as a "sideshow."
Apple didn't become successful by doing what it's told. The company shouldn't worry about its stock price or special dividends or any other tactics designed to soothe shareholder discontent. Investors who bought this stock four years ago and held on are sitting on a 500% profit today. Cook's stance reveals a leader who won't cave in to outside pressure. Apple should remain focused on creating great products; that's the reason the company is successful....420 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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