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Tech Industry

Short Take: Fidelity Investments raises stake in Apple Computer

Fidelity Investments, the largest U.S. mutual fund company, has raised its stake in Apple Computer to 12.29 percent from 5.75 percent of outstanding shares, Bloomberg reported. The Boston, Massachusetts-based fund company held 16,665,531 common shares as of July 31, according to a regulatory filing. That includes $69.9 million in debt that can be converted into 2,393,033 common shares.

Fidelity Investments, the largest U.S. mutual fund company, has raised its stake in Apple Computer to 12.29 percent from 5.75 percent of outstanding shares, Bloomberg reported. The Boston, Massachusetts-based fund company held 16,665,531 common shares as of July 31, according to a regulatory filing. That includes $69.9 million in debt that can be converted into 2,393,033 common shares.