Thursday, August 25, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AMD Increased GPU Market Share in Q2 2016
Chinese Firm Unveils 64-core CPU
PlayStation Now Coming to PC, DualShock 4 USB Wireless Adaptor Unveiled
Upgraded Tesla Car Gets From 0 to 60 in 2.5 Seconds
Opera VPN App For Android Released
Microsoft Provides Glimpse Of 24-core Processor For HoloLens
Nvidia Unveils Parker, The Latest SOC For Autonomous Vehicles
Toshiba to Implement Eyefi Connected Features in Next FlashAir SD Cards
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 > 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 To Establish New China R&D Center
Apple Plans Pro Laptop Overhaul
Apple Patents Samsung Edge-style Design
Apple Announces Bug Bounty Program
Future Apple Stylus Could Operate as a Joystick
Apple To Invest In AI And AR As iPhone Sales Keep Declining
Smartwatch Shipments Fall Significantly In the Second Quarter
Samsung Galaxy Outsells Apple's iPhone
iOS 10 To Allow Consumers Donate Their Organs
Apple Sued in China Over Alleged Propaganda
Apple, Spotify In Music Streaming Duel
Apple in Talks to Buy Tidal: Report

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 .