Feeds

iPad 3 launch news pushes Apple shares to $500bn high

Cook likely to shake out $7bn to the shareholders

Website security in corporate America

Apple's share value hit an unprecedented $500bn in pre-market trading this morning, making the company worth more than Poland and many other things. The spike followed just hours after the firm sent out an emailed invite to the iPad 3 launch.

Anticipation over the new fondleslab, due to be unveiled on 7 March, sent speculators into overdrive, pushing Apple to its highest stock valuation ever.

The boost inducts Apple in the hallowed hall of companies that have been valued at more than $500bn. That includes Microsoft, Intel and Cisco, which have all reached the heady height at the peak of the dot.com boom, but have since sunk well below that mark.

Given the huge haul, it seems likely that Apple CEO Tim Cook will break with tradition this year and hand out a dividend to shareholders. Over $7bn will be dished out, according to a calculation by Bloomberg, a cash avalanche that would work out as a quarterly dividend of $2 a share.

Investors in Apple have been getting antsy about the company's vast cash hoard – Cupertino has $97.6bn in cash and investments – which even Tim Cook described as more than he needed to run a company. A $7bn handout could be a nice way to calm them down. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.