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BusinessWeek on Apple’s financial results

In his latest “Byte of the Apple” column for BusinessWeek, Alex Salkever takes a look at Apple’s recently announced financial results. He proposes that while the results were “triumphal,” Apple needs to look beyond strong iPod sales going forward. “After that champagne, though, investors need to sober up,” writes Salkever. “That’s because Jobs & Co. still has some problems it needs to attack pronto if it wants to keep all those investors happy. First of all, the country’s most powerful public pension fund, the California Public Employee Retirement System (CalPERS), plans to lodge a no-confidence vote against Apple’s board of directors. Second, the outfit continues to ignore shareholder pleas that it dip into its huge cash hoard and cough up a dividend.”

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