LoopRumors.com reports that Apple is in serious discussions concerning another stock split.
At a recent Morgan Stanley Technology Conference, Apple CFO Peter Oppenheimer was questioned about a future stock split and at the time stated “[I don’t] have anything to announce at this time.”
World of Apple originally predicted a possible stock split back in January 2007.
A two-for-one stock split halves the price of the shares on the market, allowing for larger, cheaper purchases and usually causes a buying rush on the markets.
Apple stock last split in February 2005, the split price was $89.62 down to $44.68.
Comments and Trackbacks
All comments made are owned by their authors. Please keep discussion clean and relevant to the main article. Basic HTML tags can be used for formatting comments, and avatars are provided by the Gravatar service.
Trackback link for this entry | RSS Feed for comments