Sunday, April 19, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Moore's Law And The Software Industry
Adobe And Windows Zero-Day Exploits Likely Leveraged by Russians In Highly-Targeted Attack
Samsung Logo Removed From Japanese Smartphones
Google Is Getting Serious With Project Loon
New Technology Can Track Detailed Hand Motion
Office Universal apps Coming Next Month On Windows 10 for Phones
FCC Makes 150 MHz Of Contiguous Spectrum Available To Telecom Companies
Google Extends Chrome Support For Windows XP
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 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
Apple’s Worldwide Developers Conference Kicks Off June 8
Apple Updates Final Cut Pro X, Motion and Compressor
Apple Seeks For Exclusive Streaming Deals
Apple Watch Goes On Sale
Apple Releases iOS 8.3
Apple's Watch Is Great But Do you Need it?
Europe To Probe Apple's Music Streaming Service
Apple Offers Trade-in Program For Android, Blackberry And Windows Phones
Apple Rumored To Release New iPhones Later This Year
New Apple TV hardware Coming This Summer: report
Apple To Launch Online TV Service: report
Outage Hit Apple Services

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .