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  • Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous[View news story]
    Actually, Veloce49, AAPL should be taxed lower on domestic earnings than foreign earnings, thus giving them a reason to come back to the US or at least bringing the money back to the US. AAPL is now borrowing money to buy stuff in the US as a majority of their money is overseas. We need to give them an incentive to bring that money home. We don't need to raise their taxes and we probably could not dictate how much they pay on foreign profits anyway. That is why they leave the money overseas.
    May 20, 2013. 04:34 PM | 1 Like Like |Link to Comment
  • Star Scientific (STSI) jets 19.1% higher premarket after the company announces preliminary results from a thyroid study on the impact of a dietary supplement were positive. The company says a full report on the study is still being compiled to be submitted for peer review. [View news story]
    Biotech, in general, sucks. I bought some STSI, let it run to $4 and sold it @ $3.85 or so. They have had reports on positive results for years but have failed to reflect that in their stock price. It appears that chyten has a few shares in this precarious stock. Buy options....much better payoff.
    Jan 13, 2013. 03:47 PM | Likes Like |Link to Comment
  • Apple's (AAPL) California battle with Samsung (SSNLF.PK) is turning up reams of data about the companies' U.S. sales. An Apple document states 19M iPhones were solid in the U.S. in 1H (31% of total sales), along with 10.2M iPads (35% of total). Meanwhile, 1H U.S. sales of Samsung smartphones deemed by Apple to be infringing its IP amounted to 4.5M. Also: Samsung claims to have sold just 37K Galaxy Tab units in the U.S. in Q2. (Galaxy S document[View news story]
    I am not a big phone person but I am getting the Samsung also. The Iphone adapts to all your other Apple devices (as is planned by Apple) but I don't want a whole long list of Apple devices as I am a PC type of guy.
    Aug 11, 2012. 03:39 PM | Likes Like |Link to Comment
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