Copyright © 2015
Tag - Directors
Less than a week after Apple CFO Peter Oppenheimer sold some of his AAPL holdings to the tune of $16.4 million, two other members of Apple's board have let go of smaller amounts of stock, grossing a total of $19 million before taxes in recent days. Long-standing board member and J. Crew CEO Millard Drexler sold 32,562 shares in the company (gaining $14.6 million) while Intuit Chairman William Campbell sold 10,000 shares for a gross gain of $4.4 million. Both men sold shares awarded to them from their director stock options.
A recent SEC form filed by Apple could be an indication that the company will lose another board member, according to Fortune. The document discloses that Bill Campbell has executed a "non-sale transfer" of 60,000 shares of AAPL stock. The shares, which include Campbell's directors options, are estimated to be worth approximately $17.7 million.
Amid the ongoing Yahoo financial drama, Edward Kozel, a member of Yahoos board of directors, is stepping down from his position to spend more time with his family and the company has postponed its annual meeting until the end of July. MarketWatch reports that the news comes as billionaire Carl Icahn sets is sights on replacing Yahoos board in a proxy war, and could be Kozels way of dealing with not wanting to lose face in the eyes of other potential companies. Kozel announced he would be focusing on personal matters, including a move with his family to Europe in the summer.
Apple has officially announced its annual meeting of shareholders, where stockowners will elect the company's Board of Directors and ratify the appointment of KPMG LLP as Apple's independent registered public accounting firm for fiscal year 2008. Also on the agenda are considerations for two shareholder proposals, which are listed below. The meeting is scheduled to take place on March 4th at 10:00 a.m. local time in Building 4 on the company's Cupertino campus.
Now AAPL Stock: 94.02 ( -2.58 )
Apple brings iTunes Movie Trailers app to Canada
After five years, Apple has expanded its iTunes Movie Trailers app for iOS to Canada. As of Saturday, the free app allows movie buffs to see HD movie trailers for new studio and independent features, and explore some other movie-related extras such as photos, behind-the-scenes footage, or clips from upcoming films. Users can save trailers for quick access, read reviews from RottenTomatoes.com within the app, use AirPlay to send them to an Apple TV, share trailers, and peruse the top movie charts. http://apple.co/1UUKtwr
Apple expands CloudKit API, provides web interface
On Friday, Apple notified developers that it was expanding a feature of CloudKit to allow for server-to-server web service requests. "In addition to providing a web interface for users to access the same data as your app, you can now easily read and write to the CloudKit public database from a server-side process or script with a server-to-server key," Apple said in its announcement. Previously, interaction with the CloudKit public database was limited to apps and web only. http://apple.co/20h1RwP
Remote S for Tesla Apple Watch app drives car out
Developer Allen Wong has created the Remote S for Tesla app, which can be used to remotely activate the Model S electric car via an Apple Watch, and drive it a short distance. Aside from providing data about the car and some basic function controls, the unofficial app uses the manufacturer's Summon command to allow the car to turn on, exit the garage, and park near to the user's location. The app is available to purchase from the App Store for $10. http://apple.co/1PprF4t
Seagate 3TB unreliability suit expands
The Seagate 3TB class-action hard drive lawsuit has been expanded to more devices. The expanded suit, filed today, now includes Seagate's Barracuda 3TB Hard Disk Drive,Â Desktop HDD 3TB, Backup Plus 3TB External Hard DiskÂ Drive,Â GoFlex 3TB External Hard Disk Drive, or any other Seagate hard drive with model number ST3000DM001. The law firm, Hagens Berman, is seeking information from consumers such as time in service, purchase price, and the nature of any drive received in return from Seagate as a replacement for a failed unit. http://bit.ly/1Pc34Cq
BlackBerry Canada, Florida hit with layoffs
The BlackBerry campus has reportedly been wracked with layoffs. Sources familiar with the company's Waterloo office staffing claim that close to 35 percent of the local workforce has been laid off, with the deepest cuts being made in the BlackBerry 10 OS and hardware teams. Additionally, the state of Florida has been officially notified that the company's Sunrise facility will see 75 people fired. Enthusiast site Mobilesyrup puts the layoffs at around 1000 total. http://bit.ly/1Pc1Rep
Instagram tests multiple account support for iOS
Instagram is trialling support for multiple accounts in its iPhone app with a small number of users. The Facebook-owned photo sharing service confirmed the reports of the tests to TechCrunch, which will allow a single user to manage more than a single account within the app, transferring between two or three accounts with a few taps. It is unclear when the feature will roll out to the public, but it has previously tested it with the Android version of the app since November. http://tcrn.ch/1SPKEKh
Foxconn CEO declares Sharp deal near done
The Foxconn bid for Sharp is allegedly only waiting on specific details of the deal. Foxconn CEO Terry Gou has declared that his company has privileged negotiation rights for the Apple iPhone screen supplier, saying that "we have a consensus, the rest is a process ... I don't see a problem completing this process." Gou hopes the deal, worth up to $5.6 billion, will be formalized by the end of February. http://reut.rs/1SPEQjN