Iterations: How Tech Hedge Funds And Investment Banks Make Sense Of Apple's Share Buybacks

Apple has a good deal of cash. And, in the Valley, the startup ecosystem -- for many reasons -- wants to see Apple spend that cash. As their cash pile continued to grow as their stock price and market cap soared, Apple's inability to provide robust software services combined with opportunities to expand their reach through acquisitions has become a fancy parlor game which includes every stripe of public and private investor imaginable. On top of this, pumping even a small percentage of cash pile into acquisitions could provide another pool of much-needed liquidity for founders and investors alike. While it all makes sense on paper, part of what makes Apple "Apple" is that they operate in the way that they want to -- not how the market wants them to. Recently, in response to a variety of pressures to do something, to do anything, Apple announced a two-part share buyback. There are many explanations for this financial strategy, and while the Valley may have their own analysis, I reached out to some friends who work in tech banking or at tech-focused hedge funds and asked them to send me a paragraph on their perception of the move. Because of the world these folks work in, I've reproduced their answers below anonymously, as they are not permitted to publicly share their opinions on such matters:

Source: http://feedproxy.google.com/~r/Techcrunch/~3/D_M5O3qRJZg/

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