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Slower-growing Apple sparks investor ire

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Friday, February 08, 2013

 

The Wall Street Journal: Solid returns no longer satisfy investors in Apple Inc. A hedge fund manager is suing the company to try to boost shareholder returns with some of the $137 billion in cash it's sitting on.

For nearly 18 months, [CEO Tim] Cook has kept a stream of new products rolling, produced a string of robust quarterly results and introduced a dividend and stock buyback expected to cost $45 billion over three years.

But an attack from one of Apple's prominent investors underscores how that approach may not be enough anymore, especially amid intensifying industry competition and the company's slowing growth.

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