Skip navigation
Watchlist Sponsored By :

LATEST TECHNOLOGY VIDEO


Current DateTime: 06:32:25 10 Jul 2009
LinksList Documentid: 19836971
Expiration DateTime: 7/10/2009 6:33:11 PM
Apple's Jobs: No Dividend Or Stock Buyback Planned
By: Reuters | 04 Mar 2008 | 02:23 PM ET
Text Size

Apple CEO Steve Jobs told shareholders that the company has no plans for either a stock buyback or dividend.
Steve Jobs
Alastair Grant / AP
Apple CEO Steve Jobs.

"At this time, we have no plans to do either," Jobs said at Apple's [AAPL  Loading...      ()   ] annual meeting.

Jobs added that Apple expected to hit its 2008 sales target of 10 million iPhones, a figure which some analysts have questioned in the face of a weaker U.S. economy.

Apple expects to start selling its iPhone communications device in Asia this year, but would not say specifically when it will enter the key market of China, Chief Operating Officer Tim Cook told the annual meeting.

"We will enter Asia with the iPhone in 2008 ... we will one day enter China, we're not saying when, and we will one day enter India," Cook said.

Apple said the annual meeting passed a resolution in favor of an annual advisory vote by shareholders on executive compensation.

The proposal had been opposed by the board of directors. It urged the board to put up to shareholders a nonbinding resolution each year regarding pay of top executives.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon


Current DateTime: 03:49:59 10 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:09 10 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 04:47:57 10 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:05:34 10 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters