Tuesday, July 07, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Announces Earnings Guidance
Toshiba Demonstrates New Technology For 3D Hard Disks
Entertainment in Windows 10
AMD Lowers Second Quarter Outlook, Moves To FinFet
Instagram To Show HD Photos
Polaroid And GoPro Launch New Action Cams
Samsung's s 2TB 850 PRO SSDs Are Rolling Out Globally
JDI Touts Energy Efficient Reflective Display
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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
South Korean Display Makers To Provide Flexible Display For Next Apple Watch: analyst
Apple Music Goes Live
Apple Behind E-Books Price-fixing Scheme, Court Rules
Apple Brings Force Touch Feature To New iPhones
Apple To Pay Artists During Apple Music Trial Period
Apple Fined In Taiwan Over Anti-competitive Practices
Apple Prepares Its Own Street View
Apple Music Faces Antitrust Inverstigations
Apple Unveils New iOS 9, OS X El Capitan, Watch OS 2 And Apple Music Service
New Software And The Beat Goes On For Apple
British Expect Apple Pay Debut, Live Streaming Service Coming On Monday
Apple Watch Arrives in More Countries June 26

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 .