“Carl Icahn, the billionaire activist investor urging Apple Inc. to buy back $150 billion of its shares, owns a stake of 3.88 million shares in the iPhone maker worth $2.05 billion, a filing showed,” Peter Burrows reports for Bloomberg News. “The holding, as of Sept. 30, is part of Icahn’s drive to get Apple to deploy more of its cash to return value to shareholders. He sent a letter to Chief Executive Officer Tim Cook last month urging the board to increase stock repurchases.”
MacDailyNews Note: Icahn’s letter to Apple CEO Tim Cook is Read more in the full article here.
“The investor said in the letter that he increased his holdings in Apple to 4.7 million shares,” Burrows reports. “Icahn has indicated that he intends to buy more of the stock, which he said is undervalued.”
Burrows reports, “Icahn is lobbying for Apple to return more cash months after Cupertino, California-based Apple announced a plan for a total of $100 billion in dividends and buybacks.”
Read more in the full article here.
MacDailyNews Take: Carl Icahn isn’t rich enough to affect Apple.
There are 899.738 million AAPL shares outstanding. 4.7 million shares is a mere 0.54% of outstanding shares of Apple Inc.
I con because iCahn.
Ichan is an insignificant festering pustule with no taste…… & I mean that in the biggest way.
It’s amazing what an inordinate obsession with acquiring wealth will do to a person.
2 billon is nothing in aapl’s market cap, but he can do damage when he talks (short term) it’s better for everyone that Tim makes him believe he cares about what he has to say.
Tim just needs to stall. Icahn is 77. The actuaries are not on his side.
Icahn: “No matter how much I cut open that goose, I still can’t find the golden eggs.”
Icahn suffers under the illusion of competence.
…DIVIDENDS
Carl Icahn simply wants to extract Steve Job’s legacy cash pile from Apple Inc.
Nothing more, nothing less.
The guy is a pig.
“Carl Icahn isn’t rich enough to affect Apple.”
there’s probably no other statement that could hurt iCon’s feelings more…hee hee.
The only thing worse than 1%ers are pushy 0.4%ers.
lol, good one.
My stake in AAPL is worth $52,500.
Anyone want to do the math on Carl’s dividend he received yesterday??
$11,834,000.00.
This just in: Generalisimo Francisco Franco is still dead.