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    AAPL   US0378331005

APPLE INC.

(AAPL)
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APPLE COMPUTER : Apple board to discuss Schmidt replacement: report

08/13/2009 | 06:40pm EDT

SAN FRANCISCO (Reuters) - Apple Inc's board plans to meet next Tuesday and discuss potential replacements for Google Inc Chief Executive Eric Schmidt, who stepped down from the board earlier this month, the Wall Street Journal reported on Thursday, citing a person familiar with the matter.

Apple did not respond to a request for comment.

Schmidt's departure had been expected by many analysts as Apple and Google began to increasingly compete against each other in areas such as smartphones and computer operating systems.

According to corporate governance guidelines posted on Apple's Web site, the company's directors meet at least four times a year.

Apple's board currently has seven members, of which only one, Chief Executive Steve Jobs, is an officer of the company.

Some analysts believe the company may move to name Chief Operating Officer Tim Cook to the board. Cook oversaw day-to-day operations for Apple while Jobs was on medical leave.

The other Apple board members are J. Crew CEO Millard Drexler, Intuit Chairman Bill Campbell, Harwinton Capital CEO Jerry York, Avon Products CEO Andrea Jung, former Genentech CEO Arthur Levinson and Former Vice President Al Gore.

(Reporting by Gabriel Madway)


ę Reuters 2009
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.29% 148.99 Delayed Quote.12.28%
ONE STOP SYSTEMS, INC. 1.17% 5.21 Delayed Quote.30.25%
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Financials (USD)
Sales 2021 356 B - -
Net income 2021 87 031 M - -
Net cash 2021 45 805 M - -
P/E ratio 2021 28,7x
Yield 2021 0,57%
Capitalization 2 486 B 2 486 B -
EV / Sales 2021 6,86x
EV / Sales 2022 6,55x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Last Close Price 148,99 $
Average target price 157,14 $
Spread / Average Target 5,47%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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