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
CNet (interesting comments on Gore and more)