Tuesday, July 26, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Seagate Releases First 2TB M.2 Enterprise SSD
Western Digital Announces First 64 Layer 3D NAND Technology
BlackBerry Unveils The DTEK50 Android Smartphone
Updated Google Maps Highlight Areas of Interest
Crucial Expands The MX300 SSD Line
Amazon To Start Testing Drone Deliveries In The UK Skies
Ritek To Start Bio-testing Optical Discs
Kingston UV400 SSD Released
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Carl Ic...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 24, 2013
Carl Icahn Pushes Apple for $150 Billion Stock Buyback


Carl Icahn has sent a letter to Apple Chief Executive Tim Cook pushing him for a massive $150 billion buyback at the company. Icahn has also increased his investment in Apple by 22% to 4.73 million shares.

The investor suggested the company use a self-tender offer to buy back the stock, and said that he himself wouldn't sell the stock and take profits.

"There is nothing short term about my intentions here," he said.

Carl Icahn now owns about 0.5% of Apple.

In a letter to Tim Cook, Icahn suggested that three years after the buyback, with the benefit of earnings growth, Apple's shares could hit $1,250.

Apple has already launched a plan to return $100 billion to shareholders, including a $60 billion buyback, over the next three years. Referring to that plan in his letter, Icahn wrote that while it "may seem like a large buyback, it is simply not large enough given that Apple currently holds $147 billion of cash on its balance sheet."

Icahn in August disclosed via Twitter that he was talking to Cook. Earlier this month he also said he had dinner with Apple's boss for the buyback.



Previous
Next
Corsair's Hydro Series H75 Brings Dual-fan 120mm Liquid CPU Cooling to the Masses        All News        PROMISE Introduces First Thunderbolt 2-Supporting Storage Solutions
Now You Can Edit Vine Videos, Save Sessions On Vine     General Computing News      Microsoft Says Apple's iWork Is 'Lightweight'

Get RSS feed Easy Print E-Mail this Message

Related News
Smartwatch Shipments Fall Significantly In the Second Quarter
Samsung Galaxy Outsells Apple's iPhone
iOS 10 To Allow Consumers Donate Their Organs
Apple Sued in China Over Alleged Propaganda
Apple, Spotify In Music Streaming Duel
Apple in Talks to Buy Tidal: Report
Samsung To Become An Apple OLED supplier
Chinese Authorities Say iPhones Violated Rival's Patent
Apple Previews iOS 10, macOS Sierra Update, watchOS 3, New Siri Capabilities And tvOS
Apple To Announce Software Enhancements In Developers Conference
Apple App Store To Start Showing Ads
Apple Services Back Online After Outage

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .