APPLE INC. $90 - Nasdaq symbol AAPL

APPLE INC. $90 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 6.0 billion; Market cap: $540.0 billion; Price-to-sales ratio: 3.2; Dividend yield: 2.1%; TSINetwork Rating: Average; www.apple.com) has agreed to a settle a lawsuit that accused the company and five publishers of working together to illegally increase e-book prices.

The company did not say how much it would pay, but the lawsuit was seeking $840 million in damages. To put this in context, Apple held cash and investments of $150.6 billion, or $24.96 a share, as of March 29, 2014 (all per-share amounts adjusted for a 7-for-1 stock split in June 2014).

Apple is a hold.

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