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http://www.macnn.com/articles/04/01/12/janus.reduces.stake/

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

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  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

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    01/12, 08:06pm | report spam | Reply |

    No s***...

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

    SB

  1. MacNN.com Reader

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    01/12, 08:12pm | report spam | Reply |

    janus

    Those were the guys ripping people off?

  1. MacNN.com Reader

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    01/12, 08:17pm | report spam | Reply |

    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

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    01/12, 08:59pm | report spam | Reply |

    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

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    01/12, 10:24pm | report spam | Reply |

    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

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    01/12, 11:27pm | report spam | Reply |

    Re: WTF?

    But they have such good commercials!

  1. MacNN.com Reader

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    01/13, 05:56am | report spam | Reply |

    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

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    01/13, 05:56am | report spam | Reply |

    lord

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

  1. MacNN.com Reader

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    01/13, 07:36am | report spam | Reply |

    Lord Abbett

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

  1. MacNN.com Reader

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    Joined: Jul 2001

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    01/13, 12:00pm | report spam | Reply |

    Janus

    DUMPED Their stock in Apple. LOSERS.

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