Apple’s share prices have begun climbing back since Feb. 23, closing Tuesday at US$208.85. It’s not yet quite clear why — it could be the imminent shipping of the iPod or the shareholders’ meeting Feb. 25, among other things. Still, investors should take what they can get.They’ll have to — Cupertino isn’t about to fork over any dividends soon. The company wants lots of cash on hand for security and so it can make big purchases without having to borrow lots of money, CEO Steve Jobs explained when asked about dividends.Jobs also ruled out stock buy-backs, a stance Broadpoint Amtech analyst Brian Marshall doesn’t agree with.”At $40 billion of net cash, Apple is underutilizing this asset,” he told MacNewsWorld. “They should at least start buying back around $1 billion of stock per quarter.”Marshall thinks Apple will continue to buy smaller, private tech companies and integrate them into its infrastructure because it hasn’t found a large one that fits its criteria so far.Jobs also announced at the shareholders’ meeting that Apple is going to open 25 new stores in China over the next two years.”Opening 25 stores in China over the next two years is great,” Marshall said. “International growth is… Read full this story
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