John Paczkowski

Recent Posts by John Paczkowski

Apple Shareholders Meeting: No News, No Complaints, No Dividend

Apple’s shareholders meeting Thursday, its first with Tim Cook as CEO, was as anticlimactic and uneventful as they come.

Shareholders reelected the company’s board of directors, with each member garnering more than 80 percent approval. And the company did not announce the dividend or share buyback for which some investors have been calling, despite Cook’s remark last week suggesting that the board has been considering the subject.

“I’d be the first to admit we have more cash than we need to run the daily business,” Cook said of the company’s nearly $100 billion in cash and investments. “So we’re actively discussing it. I only ask for a bit of patience, so we can do it in a way that’s best for the shareholders.”

Evidently, Cook’s request for patience was not a euphemism for “expect a dividend announcement next week,” because he reiterated that position at today’s meeting.

“On cash, we’ve been thinking about cash very deeply, the board has been looking into what is in shareholders’ best interest,” he said. “My message there is that the board and the management team are thinking about this very deeply … and we will do what we think is in the best interest of shareholders.”

In other words, be patient.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

When AllThingsD began, we told readers we were aiming to present a fusion of new-media timeliness and energy with old-media standards for quality and ethics. And we hope you agree that we’ve done that.

— Kara Swisher and Walt Mossberg, in their farewell D post