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.











Just curious...
02/11, 09:34am reply
What happens for the ten days between the split and trading on split-adjusted basis?
dennis
Fresh-Faced Recruit
Joined: Aug 2001
I think
02/11, 09:49am reply
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.
dreilly1
Mac Elite
Joined: Sep 2000
Great news!
02/11, 10:11am reply
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!
legacyb4
Mac Elite
Joined: May 2001
This is sweet...
02/11, 10:13am reply
Good move!
t_hah
Mac Elite
Joined: Dec 2000
I have to say...
02/11, 10:13am reply
Fantastic!
f1000
Professional Poster
Joined: Jan 2003
totally
02/11, 10:16am reply
oh yeah baby... $$$ !!!
abnyc
Fresh-Faced Recruit
Joined: Sep 2000
Sorry guys
02/11, 10:21am reply
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!
testudo
Fresh-Faced Recruit
Joined: Aug 2001
LOL
02/11, 10:26am reply
"Not to mention the rumors of the impending return of the Performa line, completely unchanged since it was sacked many years ago"
Aaaaaaaaaaargh ... finally !
1800-whatever
Fresh-Faced Recruit
Joined: Jan 2004
Re: Sorry Guys
02/11, 10:46am reply
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
MacMoose
Fresh-Faced Recruit
Joined: Mar 2003
go, daddy!
02/11, 11:06am reply
If I'm stupid for buying an iPod, I must really be a mouth-breathing moron for owning AAPL stock (bought at $19).
Hahahahahahahahaha!
climacs
Fresh-Faced Recruit
Joined: Sep 2001