Feeds

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

Cook likely to shake out $7bn to the shareholders

3 Big data security analytics techniques

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. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.