Thursday, August 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Offers New Smart Tennis Sensor
Microsoft to Announce Windows 9 on September Event: report
Acer Unveils New Chromebox CXI and Chromebook 11
Fraunhofer To Showcase The Future Of TV at IBC
Intel, Chunghwa Telecom Team up on Internet of Things
Sharp Launches 12-Mpixel CMOS Sensor for 4k Video
LG Delivers New Bluetooth Minibeam Projector, More L Series Smartphones
HP Reports Revenue Gain
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Carl Ic...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 23, 2014
Carl Icahn Issues Open Letter To Apple Shareholders


As he had promised via recent Twitter messages, billionaire investor Carl Icahn issued an open letter to shareholders of Apple and once again urged them to support his proposal for a new $50 billion buyback.

Icahn also said that he increased his stake in Apple by another $500 million, bringing his total holdings in the iPhone maker to $3.6 billion.

He said that Apple Apple is undervalued, and urged for an even largest share repurchase than the "conservative" one Apple is currently running.

"..we believe that the combination of the company's [Apple] unprecedentedly enormous net cash balance, robust annual earnings, and tremendous borrowing capacity provide more than enough excess liquidity to afford both the use of cash for any necessary ongoing business-related investments in addition to the cash used for the increased share repurchases proposed," he said.

".. by choosing not to increase the size of the repurchase program, the directors are actually performing a great disservice to the owners, especially smaller shareholders who may not be in a position to buy more stock themselves," Icahn added.

"..we believe Apple is undervalued in order to express how ridiculous it seems to us for Apple to horde so much cash rather than repurchase stock (and thereby use that cash to make a larger investment in itself for the benefit of all of the company's shareholders)."




Previous
Next
Qualcomm Acquires Palm, IPAQ and Bitfone Patent Portfolio from HP        All News        More LTE Chipset Makers Likely to Enter The LTE Modem Space
Microsoft Reports Record Revenue in Second Quarter     General Computing News      US Privacy Watchdog Says NSA spying is Illegal

Get RSS feed Easy Print E-Mail this Message

Related News
Apple In Talks With Health Providers For Healthkit
Apple, Samsung Agree to End Patent Suits
Next Apple TV Release Delayed
Apple May lay Off People at Beats: report
Samsung And Apple See Their Smartphone Market Shares Plunging
Apple's MacBook Pros Now Come With Faster processors And More Memory
Apple-Beats Deal Cleared By Europe
Swatch Denies Working with Apple on iWatch
Apple OS X Yosemite Bets Coming on Thursday
Apple Says There Are No Backdoors In iOS
Apple's Revenue Boosted By China Growth
Apple Granted Patent for Smartwatch

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .