Thursday, March 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba Starts Shipping 20-Megapixel CMOS Image Sensor For Mobile Devices
Larger iPad Production Pushed Back For September:
Intel Outlines 2015 Gaming News at GDC
HBO, Apple To Launch Video Streaming Service: report
Xbox One wireless controller Adapter Coming To Windows PCs
Samsung, Oculus To Launch Gear VR Mobile Device Headsets This Year
Nvidia Demonstrates The Massive Titan X Graphics Card
IBM Buys AlchemyAPI
Active Discussions
Newbie
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
 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
Larger iPad Production Pushed Back For September:
HBO, Apple To Launch Video Streaming Service: report
Apple To Release Fix For Freak Security Bug
Samsung Lost Top Position to Apple in Q4's Global Smartphone Market
Ericsson Sues Apple Over Patent Infringement
Apple To Hold Watch Event on March 9
Apple To Pay $533 million for Patent Infringement
Apple to Invest 1.7 Billion Euros in New European Data Centres
Apple Granted Patent For A Head-mounted iPhone Virtual Reality Display
Apple Said To Have Dropped Some Health Monitoring Functions In Apple Watch
New Apple iWork Apps Run On PCs Too
More Reports Emerge On Apple's Secret Automotive Project

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 .