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    AAPL   US0378331005

APPLE INC.

(AAPL)
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APPLE : FTC launches inquiry into Google-Apple board ties: report

05/04/2009 | 08:18pm EDT

SAN FRANCISCO (Reuters) - The Federal Trade Commission has launched an inquiry into whether the ties between the boards of Apple Inc and Google Inc violate antitrust laws, the New York Times reported on Monday.

The FTC has already notified the companies of the inquiry the report said, citing people briefed on the matter.

Google Chief Executive Eric Schmidt and former Genentech CEO Arthur Levinson are directors of both companies. Under federal antitrust law, a person is not allowed to sit on the board of two companies if it decreases competition between them.

An Apple spokesman declined to comment. Google officials could not immediately be reached for comment.

The two companies compete directly or indirectly in a number of areas, the most obvious being the fast-growing smartphone market.

Apple's iPhone has been a huge hit for the company and is key to its future growth prospects. Google's Android operating system is used on T-Mobile's G1 smartphone.

(Reporting by Gabriel Madway and Alexei Oreskovic)


ę Reuters 2009
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Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 520 M - -
Net cash 2021 78 467 M - -
P/E ratio 2021 26,4x
Yield 2021 0,58%
Capitalization 2 431 B 2 431 B -
EV / Sales 2021 6,43x
EV / Sales 2022 6,21x
Nbr of Employees 147 000
Free-Float 99,0%
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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 46
Last Close Price 147,06 $
Average target price 163,16 $
Spread / Average Target 11,0%
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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