Friday, October 28, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung's Upcoming Galaxy S8 Smartphone To Feature Changes In Hardware, Get Artificial Intelligence Services
Fujitsu' New IP-HE950 Encoder and Decoder Offer real-time 4K Video Transmission
New G-Technology G-DRIVE Portable SSDs Feature USB-C Connectivity
Alphabet Reports Strong Sales As Mobile Search and Video Ads Drive Revenue Growth
New Radeon Pro 400 Series Graphics Power 15-inch MacBook Pro
LG ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Sony Brings PlayStation Vue To Android TVs
Apple unveils new MacBook Pro Featuring Touch Bar, Ultra-thin Design
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 > Icahn N...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, February 10, 2014
Icahn No Longer Seeks Apple Buyback

Activist investor Carl Icahn stepped back in its efforts to convince Apple shareholders demand an increased stock buyback plan, following a proxy adviser's call against his proposal.

In a letter to Apple shareholders on Monday, Icahn wrote that he had decided to ditch his nonbinding proposal, "especially when the company is already so close to fulfilling our requested repurchase target."

Icahn has been asking Apple to boost its plans for a stock buyback program, proposing it give back $50 billion more. On Sunday, Institutional Shareholder Services recommended that shareholders vote against Icahn's proposal, saying such a motion would "micromanage" how the company uses capital.

"In their recommendation, ISS points out, and we agree, that 'on the spectrum of options for allocating capital, the board appears to have been sluggish only in returning excess cash to shareholders,' and even though the company has in place 'one of the largest buybacks in history,' we agree with ISS that this effort seems 'like bailing with a leaky bucket' when 'given the scale of the company's cash reserves,'" Icahn's letter reads.

Apple has repurchased $14 billion of its stock in the two weeks since it reported first-quarter financial results and a second-quarter revenue outlook that did not satisfy investors.

In late January, Icahn said that he had bought another half-billion dollars of Apple stock, boosting the value of stake in the company to more than $4 billion.

Microft Releases Power BI for Office 365        All News        New AMD Radeon R7 250X Shipping Today
Microft Releases Power BI for Office 365     General Computing News      Yahoo to Partner with Yelp: report

Get RSS feed Easy Print E-Mail this Message

Related News
Apple unveils new MacBook Pro Featuring Touch Bar, Ultra-thin Design
Apple unveils new TV app for Apple TV, iPhone and iPad
iPhone Sales Declined, But Services Revenue Grew In Last Fiscal Quarter
Apple Watch Nike+ Arrives Friday, October 28
Apple To Bring E-Ink Dynamic Keyboards In 2018 Mac Laptops
Apple's Tim Cook Visits Nintendo Headquarters
Supreme Court To Hear Apple-Samsung Feud
Court Reinstates $120 million Victory For Apple in Samsung Patent Case
Apple Pay Launches In Russia
Apple Ows $302.4 million to VirnetX, Court Rules
Apple Partners With Deloitte In New Enterprise Push
New Macbook Air, Macbook Pro 2016 Comig Next Month

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 .