Between 2006 and 2010 Apple kept capital expenditures to no more than 3% of revenue, Reitzes notes.
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Shareholders will get a bit more of that largesse this year though, as Apple doubled its capital return program.
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He has been actively pushing Apple to return capital to shareholders, going so far as to sue the company over corporate governance matters in February.
While the market reacted positively to the strong results, we believed it was still not discounting adequately the strong likelihood that Apple would return capital in 2012.
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One of the most high-profile Apple store break-ins in the capital was a smash and grab at Apple's flagship Covent Garden store in October 2011.
With its massive reserves of capital, Apple's value is now greater than the GDP of Poland.
Gundlach made the point about Apple, but the capital gains issue is not limited to just that single stock.
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Apple declined so Greenlight Capital filed a lawsuit and the two sides met in court on Feb. 19 to argue the case.
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Don Valentine, the great Silicon Valley venture capitalist whose Sequoia Capital funded Apple, Cisco, Yahoo, PayPal and Google, claimed he never backed a successful entrepreneur a second time.
Barclays Capital estimates Apple will sell 33.7 million iPads this calendar year and increase sales to 42.1 million in 2012. eMarketer thinks Apple will claim 78% of global tablet sales in 2011, just a slight decrease from its 85% share in 2010.
The original intended purpose of capital markets was to help young companies (think a young Apple, Google, Nike) raise capital to grow and to have its investors participate in that growth.
The Cupertino, California-based company, however, has never detailed what that means: because Apple can offer the companies building cutting-edge parts capital they can get nowhere else, Apple can offer its customers products no one else can.
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Today, Ben Reitzes of Barclays Capital called on Apple to consider hosting an analyst day, something it has not done since 2003.
Sprint may also need some capital to pay Apple for the right to sell compatible versions of the iPhone 4 and 4S, the analysts write.
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So if you have capital invested in Apple I would advise seeking alternative investments as Apple stock price is definitely overvalued at its current price level.
Amit Daryanani of RBC Capital said today that Apple has the ability to double its dividend.
They will have too much of their capital riding on the Apple story.
Under Steve Jobs, Apple was loathe to deploy any capital to shareholders, promising that its investments in new products, inventory and its supply chain would ultimately produce greater returns.
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Greenlight Capital's Einhorn urged Apple shareholders to reject a bid to eliminate preferred stock from the company charter.
According to a recent regulatory filing, Greenlight Capital boosted its stake in Apple by about 20% to 1.3 million shares in the fourth quarter.
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Bernstein, and Ben Reitzes of Barclays Capital, have called for Apple to take advantage of low-interest rates and take on debt to fund its cash back programs.
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Jody Lurie, corporate credit analyst at broker-dealer Janney Capital Markets, said the Apple offering could be so popular it may end up with lower relative yields than rival, triple-A rated Microsoft Corp.
The war chest has become a target for activist hedge fund manager David Einhorn, whose Greenlight Capital owns a slug of Apple shares and has pushed the company to issue preferred shares with a fatter yield than the 2.5% on its common stock.
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Roseman, head of Thesis Capital, said the inconsistent way Apple got the story out did more damage than anything else.
With a stock like Apple, where investors may have large embedded capital gains as a result of its stellar run, selling now locks in gains and offsets the possibility of higher taxes next year.
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Even with its recent slide, many Apple investors are sitting on huge long-term capital gains.
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Sequoia Capital is one of the famed Silicon Valley venture capital firms, with past investments in Apple, Cisco, Google, and Oracle.
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Finally, Web startups hoping to be Google or Apple acquisition targets had a harder time getting venture capital this past quarter.
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Apple has a pretty good record of successfully deploying capital.
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Jody Lurie, corporate-credit analyst at broker-dealer Janney Capital Markets, said earlier Tuesday the Apple offering might price with lower relative yields than bonds from rival triple-A-rated Microsoft Corp.
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