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Apple announces two-for-one stock split

updated 09:00 am EST, Fri February 11, 2005

Apple 2-for-1 stock split

Apple this morning announced that its Board of Directors has approved a two-for-one split of the company's common stock and a proportional increase in the number of Apple common shares authorized from 900 million to 1.8 billion. Each shareholder of record at the close of business on February 18 will receive one additional share for every outstanding share held on the record date, and trading will begin on a split-adjusted basis on February 28.

by MacNN Staff

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dennis
Fresh-Faced Recruit

Joined: Aug 2001

0

02/11, 09:34am | report spam | close Reply |
Just curious...

What happens for the ten days between the split and trading on split-adjusted basis?

dreilly1
Mac Elite

Joined: Sep 2000

0

02/11, 09:49am | report spam | close Reply |
I think

My understanding is that the Feb 18th date is just a record-keeping formality, and if you sell Apple stock between the 18th and the 28th, you will also sell the right to your extra shares.

So, for all practical purposes, the stock doesn't split until the 28th.

legacyb4
Mac Elite

Joined: May 2001

0

02/11, 10:11am | report spam | close Reply |
Great news!

At least this will take Apple out of the "oh, the stock price is too high, it's going to implode" spotlight for a little while; of course, I wouldn't mind another run up to $80 sometime this year!

t_hah
Mac Elite

Joined: Dec 2000

0

02/11, 10:13am | report spam | close Reply |
This is sweet...

Good move!

f1000
Professional Poster

Joined: Jan 2003

0

02/11, 10:13am | report spam | close Reply |
I have to say...

Fantastic!

abnyc
Fresh-Faced Recruit

Joined: Sep 2000

0

02/11, 10:16am | report spam | close Reply |
totally

oh yeah baby... $$$ !!!

testudo
Fresh-Faced Recruit

Joined: Aug 2001

0

02/11, 10:21am | report spam | close Reply |
Sorry guys

But a stock split is just another sign that its the beginning of the end. Low mac sales. The iPods imminent implosion due to Napster and the Dell DJ (which is one hip looking box!), Linux taking over the desktop, IBM taking another 18 months to get a 15% jump in processor speed, and Jobs leaving to take over Disney. [Not to mention the rumors of the impending return of the Performa line, completely unchanged since it was sacked many years ago]

You've been warned!

1800-whatever
Fresh-Faced Recruit

Joined: Jan 2004

0

02/11, 10:26am | report spam | close Reply |
LOL

"Not to mention the rumors of the impending return of the Performa line, completely unchanged since it was sacked many years ago"

Aaaaaaaaaaargh ... finally !

MacMoose
Fresh-Faced Recruit

Joined: Mar 2003

0

02/11, 10:46am | report spam | close Reply |
Re: Sorry Guys

Hey... I missed seeing the big herd of MONKEYS FLYING OUT OF MY ARSE.... anyone see them.... they may be with the pink elephants and Dumbo up in a tree somewhere as well.

rotflmao

but seriously... Apple is going to start growing and is adapting to modern times. Plus in short... they can change and or add to their iTunes plan to do subscription in the future... they are not locked into pay only if the public desires subscription etc...

MacMoose

climacs
Fresh-Faced Recruit

Joined: Sep 2001

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02/11, 11:06am | report spam | close Reply |
go, daddy!

If I'm stupid for buying an iPod, I must really be a mouth-breathing moron for owning AAPL stock (bought at $19).

Hahahahahahahahaha!

drunkprimate
Fresh-Faced Recruit

Joined: Oct 2004

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02/11, 11:16am | report spam | close Reply |
RE: Go Daddy!

i got you beat, back in 1999 when i saw os x and the first line of ti powerbooks i was like daddy likes. When I turned 16 I used cash I had for a car to by 1000 shares at 11.40 a share. I drank the whole jug of Kool-Aid on that day. I also bought my first Apple computer and ipod too. I then procedded to buy another 1200 shares over the time till it hit 30 dollars a share recently.
All i have to say now is....
IM RICH BEYATCH!!!
Now I can afford to pay all four years of school here in the states. HAAAAAZAAAAAAAAA

eldarkus
Fresh-Faced Recruit

Joined: Feb 2004

0

02/11, 11:37am | report spam | close Reply |
re: Go Daddy

Both of you beat me... b*******... =)

I owned over 700 shares at $14. Thanks to GREAT advice from my broker at the time, I sold them all (not knowing aa thing about the market back then). I did manage to pick some back up at $20 over a year ago, so i'm still happy. but not as happy as I could have been. DAMN YOU HIND SIGHT!!! AND DAMN YOU MERRIL LYNCH!! =P

MacMoose
Fresh-Faced Recruit

Joined: Mar 2003

0

02/11, 11:58am | report spam | close Reply |
RE: go, daddy!

whoozurdaddy.... you the mac daddy!

Yeah,... You must really hate your iPod's superior GUI, ease of use and design. How stoopid can you be to invest in Apple... I mean it must suck to buy in at $19 bucks a share and have it become more valuable to $80 or more a share... I mean the IRS is gonna make you pay more taxes on the huge return you are getting... man that shucks.

hehehehehe rotflmao once again

Kudos and congrats on your smart stock buy, wish my PC loving dad did not halt my Apple stock buy a while back and once before the first iMac came out... I would have had much more bling bling in my wallet now with the 1000 buck investments I would have roughly done both times.

Big a** Homer Simpson Do'h

MacMoose

jumbojet
Fresh-Faced Recruit

Joined: Aug 2002

0

02/11, 12:04pm | report spam | close Reply |
Stock Price

"At least this will take Apple out of the "oh, the stock price is too high, it's going to implode""

Actually, a stock split doesn't do this at all. When analysts say the stock price is too high, they're referencing the stock price to earnings per share ratio. The stock price will halve, but the number of shares will double, also halving earnings per share. Therefore, there is no change to the P/E Ratio and no change in how "expensive" the stock is.

Great news for investers like me, nonetheless!

83caddy16v
Forum Regular

Joined: Sep 2000

0

02/11, 12:32pm | report spam | close Reply |
maybe time to buy in

I sat on the fence from $60 and didn't buy in. This may or may not be a time to buy in after the split. The stock may run up prior to the 18th but will a $41 price hold after the split? Will the buying fever end after the split?

is it worth buying worth buying at this point or wait until after the split?

It is still amazing that the price was ~$21 a year ago.

eldarkus
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Joined: Feb 2004

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02/11, 01:42pm | report spam | close Reply |
to: 83caddy16v

I'm not going to give you advice either way, but normally, the price drop in the stock will make it more attractive to some investors, just to get in, without paying 80+ a share, so that may give it a boost after the split. But I think the stock is already over valued, according to some reports i've read..

my knowledge of the market is limited, so i'd best leave the advise to those more quialified! Unless youre really desperate.. then i'll check the magic 8 ball for ya! ;)

Chiznibitz
Fresh-Faced Recruit

Joined: May 2001

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02/11, 02:07pm | report spam | close Reply |
Why does this happen?

Could anyone explain to me why Apple would want to do this? So there will be twice as many shares at half the price? What's the point?

chabig
Addicted to MacNN

Joined: Jun 1999

0

02/11, 02:27pm | report spam | close Reply |
Contradiction

Actually, a stock split doesn't do this at all...Great news for investers like me, nonetheless!

You're contradicting yourself. After carefully explaining how a split doesn't change the fundamentals, you claim it's great news. In truth, it doesn't change the fundamentals, but it does provide a psychological boost.

DeathWolf
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Joined: Sep 2000

0

02/11, 04:09pm | report spam | close Reply |
stock split

quite simply, it breaks the outstanding apple shares out there into halves, making them more accessible to individuals who are willing to buy a $40 stock but not an $80 stock. of course, they own half as much with the 40, but that's not the point. interesting tidbit, some stocks, such as warren buffet's berkshire hathaway, sell for very high prices. specifically berkshire sells for $91,000 a stock.

testudo
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Joined: Aug 2001

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02/11, 04:51pm | report spam | close Reply |
overvalued

I'm not going to give you advice either way, but normally, the price drop in the stock will make it more attractive to some investors, just to get in, without paying 80+ a share, so that may give it a boost after the split. But I think the stock is already over valued, according to some reports i've read..

A stock is only overvalued if the people buying it think its overvalued (i.e. if people are paying $80 a share, its worth $80 a share, regardless whether the company sucks or not). Foe example, Google is selling for $190 a share, has an outrageous P/E ratio of 129, and a market cap of $50 billion. Does Google really have this kind of value? I mean, they sell ads. And offer some free services (which cost them money). But they've got one of those 'hot' names, so people still buy the stock at this price. And so the price stays up, which is all that matters.

JEB
Junior Member

Joined: May 2001

0

02/11, 06:43pm | report spam | close Reply |
go to Forbes.com

There is a poll at:

http://www.forbes.com/technology/2005/02/11/cx_jp_0211polldujour.html

to see what the most popular brand of computer is. Drop by and cast your
vote!

They also got their history wrong on the site. The first personal
computer didn't come from IBM, it came from Apple.

kw99
Fresh-Faced Recruit

Joined: Nov 2001

0

02/11, 10:19pm | report spam | close Reply |
The last time...

Apple did a stock split, it dropped big time soon after due to some "bad news" and the generally poor stock market. It has since recovered that loss and then some. Things are looking better this time. The iPod momentum is going strong, I think Mac sales are going to do very well this year, and who knows what "year of HD video" product is yet to be announced. The only thing that really concerns me is the health of the overall stock market.

kw99
Fresh-Faced Recruit

Joined: Nov 2001

0

02/11, 11:30pm | report spam | close Reply |
Re: go to Forbes.com

OK, I voted. Apple leads by quite a margin... to be expected since Apple DOES make the best personal computer -and- has the most loyal users (who will happily spend a few minutes to skew any poll results where one of the choices includes the words APPLE, MAC, or IPOD).

IBM certainly can't claim the first "personal computer," but Apple can't either. Interesting info here.

http://www.blinkenlights.com/pc.shtml

However, the Apple II might have been the first popular "mass-market" PC.

Stuke
Fresh-Faced Recruit

Joined: Feb 2005

0

02/11, 11:35pm | report spam | close Reply |
go, daddy! ... seconded

...and, if climacs is a mouth-breathing moron, then I'm down right idiotic owning AAPL stock (bought at $16)

climacs, let the naysayers drool!!

Madison
Mac Enthusiast

Joined: Nov 1999

0

02/12, 07:22am | report spam | close Reply |
Such a fool

Sure am glad I sold all my Apple stock in April of 2003...then again, I sold it to put a second story on my house, so I guess I did okay that way too, but I shudder to think of how much it would be worth today...

smokeonit
Fresh-Faced Recruit

Joined: Feb 2005

0

02/12, 11:53pm | report spam | close Reply |
forbes poll

apple leads by a wide margin now, unbelievable...

if they would have a market share like that that would be a major bummer... being a under 10% computer company makes it great... if they'd lead like in the poll with 60% or so in the market they would loose their appeal...

Gabriel Morales

Joined:

0

02/14, 04:48am | report spam | close Reply | delete
How to buy AAPL stocks?

Not sure if this is the most appropriate "place" to ask, but why not? You see, I've been wondering this for a long time-- How would I go about getting a few shares of AAPL? I mean, less than $300 worth of shares? And, as was asked before-- would it make a difference at all to buy after or before the split?

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Apple announces two-for-one stock split

updated 09:00 am EST, Fri February 11, 2005

Apple 2-for-1 stock split

Just curious...

I think

Great news!

This is sweet...

I have to say...

totally

Sorry guys

LOL

Re: Sorry Guys

go, daddy!

RE: Go Daddy!

re: Go Daddy

RE: go, daddy!

Stock Price

maybe time to buy in

to: 83caddy16v

Why does this happen?

Contradiction

stock split

overvalued

go to Forbes.com

The last time...

Re: go to Forbes.com

go, daddy! ... seconded

Such a fool

forbes poll

How to buy AAPL stocks?

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Apple announces two-for-one stock split

updated 09:00 am EST, Fri February 11, 2005

Apple 2-for-1 stock split

Related Articles

Recent Articles

Just curious...

I think

Great news!

This is sweet...

I have to say...

totally

Sorry guys

LOL

Re: Sorry Guys

go, daddy!

RE: Go Daddy!

re: Go Daddy

RE: go, daddy!

Stock Price

maybe time to buy in

to: 83caddy16v

Why does this happen?

Contradiction

stock split

overvalued

go to Forbes.com

The last time...

Re: go to Forbes.com

go, daddy! ... seconded

Such a fool

forbes poll

How to buy AAPL stocks?

Login Here

Register for our weekly email newsletter:

Connect tools:

Subscribe

to our RSS

Follow us

on Twitter

10 Most Read

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MacNN Marketplace