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Shareholders Want Apple to Hang On to Cash Stockpile

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Well I have some more about apple sell -- -- out out there wouldn't shareholders tell you going into the meeting would and they want to hear.

But they are they picked up on what the -- just talked about 137.

Billion dollars in the bank what are you gonna do with that -- now of course Tim Cook.

Who has been talking about that cash stash responded to the now infamous lawsuit that so far David Einhorn from Green -- Capital has one.

In which apple really wants to hold on to the money he called the judge's ruling disappointing of course.

Mr.

Einhorn would like some of that cast his first day either through preferred shares -- -- even raising the dividend.

We spoke to shareholders who -- inside in the meeting which just began moments ago.

And they told us apple should guard that cash here's what they said.

In this case -- company does not need to raise capital and from what I.

Apple really doesn't have bringing reasons in the near future anyway.

Issue preferred stock.

Apple should hang onto it.

Zero isn't employee from -- when -- sentencing thank you -- anyway.

In -- they need to do decide to do with it.

But there are expectations -- Tim Cook will be asked will you up the dividend will you.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That is a big question that a lot of people have -- of course the issue.

Of their stock falling over the last 52 week something like 40% from a high of seven -- five bucks.

To a -- point -- -- 432 bucks to where it's trading today.

-- And scary and it's taking a -- later in the show and I like -- that shareholder said he just never know what it got a hold on to things sometimes.