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spending an hour with Apple's CEO, will they or won't they make a low-cost iPhone and concern from one firm over the state of the full-sized iPad. It's Wednesday, February 13, 2013. I'm Kanray and this is news

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Apple CEO Tim Cook spoke at the Goldman Sachs Internet and Technology Conference

yesterday, and he did so with conviction. I think I've said

before that I don't always like his stage presentations but when he's just talking about

Apple his love of the company and the things it does seem both genuine and obvious.

If being beaten up on Wall Street for the past five months bothers Tim Cook, you sure couldn't hear it yesterday.

Topics covered included, but were not limited to Cook's reaction to Apple investor David Einhorn's comments

earlier this week that Apple has a Depression-era mentality. Cook denied that charge, saying Apple makes bold

and ambitious bets on products and is conservative financially. That said,

they're investing in R&D, they're investing in new products, investing in the supply chain, investing in retail, and acquiring

new companies.

They invested $10 billion last year.

They expect to invest another 10 billion dollars this year.

Investing a pair of tens, said Cook, does not sound like a company with a Depression-era

mentality. That said, Apple execs are talking over whether and how to return more cash to

shareholders. Cook finds Einhorn's perpetual preferred stock idea to be creative.

It's something Apple will consider, though it'll also consider proposals

...