Apple shareholder’s meeting coverage, invading China

Apple’s shareholders meeting today, and coverage is beginning to emerge, focusing at present at the company’s preference for sitting on a cash hoard to paying out dividends.

Apple CEO Steve Jobs told investors he prefers having the security of cash on hand to the inherent risk of large takeovers or shareholder dividend distribution.

He believes having cash to hand gives the company more flexibility and security. Otherwise, shareholders voted to re-elect all seven directors. There were no major issues on the agenda – though iPads were in full view for showing to those who made the meeting.

MacRumors notes Apple senior vice president of retail Ron Johnson said Apple will open 25 retail stores in China.

Coverage after the break

International Business Times
Bloomberg 1
Bloomberg 2

The Loop

CNet (interesting comments on Gore and more)

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