toggle

AAPL Stock: 112.94 ( + 1.16 )

Printed from http://www.macnn.com

Janus reduces Apple stake to 2.8%

updated 08:00 pm EST, Mon January 12, 2004

Janus reduces stake

Janus Capital Group has to 2.8 percent from 6.5 percent, according to a U.S. regulatory filing, reports Reuters. The mutual fund reported in a filing made with the U.S. Securities and Exchange Commission a 2.8-percent passive stake with almost 10.3 million common shares. According to Apple's March proxy statement, Janus held 6.5 percent with 23.3 million shares as of Jan. 31, 2003, and was the second largest shareholder behind Lord Abbett, which held 8.6 percent.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    No s***...

    It's called profit-taking.
    AAPL is at a high, finance 101, not news.

    SB

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    janus

    Those were the guys ripping people off?

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    Why?

    WTF! If it has to do with Apple, people are dumping the stock. It is at a high, and people being naturally liers and greedy f**** will tend to sell and take a profit so they can buy puts on microshit when it dives this summer so they can afford more Apple and the cycle of greed continues.

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    WTF?

    It has to do with the fact that Janus thinks that the 13 million x $24 ($320 million) is better invested someplace else. It is a matter of confidence, how fast apple is growing compared to how some other company is going to go. They think that apple is at its top.

    More importantly, it is at the top from where Janus has been. Someone else had to buy all that they had at near a 2 year high. There is two sides to the coin, for someone to sell, there has to be someone to buy.

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    Re: WTF?

    Yeah, but it is Janus, the people who have been accused and caught stealing, lying, and other nefarious deeds to boost fund values, get unfair advantage, and rob customers of money. I should know, I used to own some..;.

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    Re: WTF?

    But they have such good commercials!

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    they must be sick...

    ... up 0.73 on the day.
    they could've made another 10 million if they'd waited a day.

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    lord

    who's the lord abbet dude?
    why's he got so much apple stock?

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    Lord Abbett

    That's 'which' not 'who': http://www.lordabbett.com/usa/home.jsp

  1. MacNN.com Reader

    Joined: Dec 1969

    0

    Janus

    DUMPED Their stock in Apple. LOSERS.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

toggle

Most Commented