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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.

 
Previous Comments

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

0

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

0

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

0

This is sweet...

02/11, 10:13am reply

Good move!

t_hah

Mac Elite

Joined: Dec 2000

0

I have to say...

02/11, 10:13am reply

Fantastic!

f1000

Professional Poster

Joined: Jan 2003

0

totally

02/11, 10:16am reply

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

abnyc

Fresh-Faced Recruit

Joined: Sep 2000

0

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

0

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

0

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

0

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

0

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