Wednesday, August 24, 2011

Steve Jobs Resigns As Apple CEO; Apple Is the Most Widely Held “Smart Money’ Stock

From Reuters:

Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move that ended his 14-year reign at the technology giant he co-founded in a garage.

http://www.reuters.com/article/2011/08/24/us-apple-idUSTRE77N82K20110824

From Zero Hedge:

As the following update from Goldman's David Kostin demonstrates, after dropping to third place with 173 hedge funds owning AAPL (behind Microsoft at 181 and Citigroup at 178) as of March 31, the company that Steve Jobs built was back at the very top of hedge fund holdings with 181 hedge funds holding on to AAPL. The question is what will they do tomorrow and will the first game theory defection bring an end to the fairytale story?

http://www.zerohedge.com/news/181-hedge-fund-holders-apple-most-widely-held-smart-money-stock

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