Saturday, February 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Draft Bill Focuses On Consumer Data Privacy
Uber Says Breach Affected 50K Drivers
Google Showcases Future Silicon Valley Headquarters
Lenovo Offers Free McAfee LiveSafe Following Superfish Security Concerns
Yahoo Gains Search Share
Twitter To Offer More User Safety Features
Google to Start Ranking Mobile-friendly Sites Higher
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 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
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
Icahn Says Apple Worth $216 Per Share
Is Apple Working on a Car?
Apple May Launch New Notebooks This Month: report
Apple Picked Samsung To Make Next iPhone Chip: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .