Apple shares slip more after Cook speech

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Number of the day

37 percent

That's how much Apple shares have fallen since setting a record high of $702.10 on Sept. 19. They slipped again on Wednesday after CEO Tim Cook, speaking at the annual shareholders meeting, offered no fresh insight on what he'll do with Apple's $137.1 billion in cash and investments. Cook is under pressure to compensate shareholders who have lost more than a third of their investment in the past five months.

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"The importance of winning the business audience, on a scale of 1 to 10, is easily an 11."

Ramon Llamas, an analyst at tech research firm IDC, on Nokia's strategy of targeting business customers for its new generation of smartphones. The Finnish company is betting that its Lumia models, which run Microsoft software, will help it win business users, targeting BlackBerry's stronghold. Two new Lumia devices introduced this week at the Mobile World Congress in Barcelona are equipped with Excel, Word and PowerPoint.

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Salesforce.com reports quarterly financial results this afternoon, and analysts expect the customer-management software maker will post a 31 percent jump in sales to $831 million. The net loss may widen to $34 million (though "adjusted" earnings will show a profit). The San Francisco company has proposed a 4-for-1 stock split after its shares soared more than sevenfold since late 2008.