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No Media Allowed (4/17/98)
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"Investors Only," reads the big flashing neon sign outside the clubhouse. That's the scenario next week for Apple's annual shareholder meeting. Apple has announced that only shareholders of AAPL will be permitted to attend, and non-investing analysts and reporters will have to get past Bruno the Impressively Violent Bouncer if they expect to get inside. A Reuters article has more.
That's a big change from past years, when the press was allowed to attend. But Apple states that next Wednesday's proceedings are "not a press event," though, of course, analysts who are also investors in Apple will be allowed inside. AtAT presumes that the exclusion of the press is a precautionary measure, just in case things get ugly; back in the beginning of the year, several stockholders were planning on stirring things up in an attempt to get Steve Jobs to step down. The multiple delays of this meeting have given him time to improve things to the point where the proceedings should go pretty smoothly (namely, doubling the stock price and posting two consecutive profitable quarters), but there are no guarantees.
One interesting item on the agenda is Steve's re-election to the board of directors; and while it seems likely that he will be voted in to stay for another year, there was more than a slight chance he'd've been ousted in a vote a few months ago. But in the words of CFO Fred Anderson, "Steve is our leader."
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And Now For A Word From Our Sponsors |
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 | | The above scene was taken from the 4/17/98 episode: April 17, 1998: For the first time ever, Apple's barring the press from attending its annual shareholder meeting next Wednesday. Meanwhile, Intuit cans Quicken for the Mac, despite the fact that their CEO is on the Apple board of directors, and doubts continue about whether Apple's profitability is sustainable...
Other scenes from that episode: 636: Irony Is For Suckers (4/17/98) Say goodbye to Quicken, everybody-- the current version, Quicken 98, is the last we'll see. MacCentral discusses Intuit's recent decision to cease the development of Quicken for the Mac, citing a MacWEEK article that broke the news... 637: There's Always Doubt (4/17/98) About that recent $55 million profit for Q2: a ZDNet story discusses whether or not it actually means anything positive about Apple's future. Just how much did the company's "slash-and-burn" streak contribute to the bottom line?...
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