“It looks like Apple’s CEO Tim Cook is going to be hearing a lot more from Carl Icahn,” Cadie Thompson reports for CNBC.
“The billionaire investor said Tuesday on CNBC’s “Fast Money” that the tech giant is missing a golden opportunity if it doesn’t issue a bigger share buyback, and he intends to make sure that shareholders are represented even if the board does not want to go ahead with a bigger buybac,” Thompson reports. “‘I feel very strongly about this,’ Icahn said. ‘I can’t promise you the stock will go up and I can’t promise you they will do the buyback. But I can promise you that I’m not going away until they hear a lot more from me concerning this.'”
Thompson reports, “‘It’s a no-brainer and it makes no sense for this company with their multiple being so low not to do a major major buyback. And there’s another reason that I mention, that I think might go forgotten, the fact that you can borrow money so cheaply today. I don’t think we are going to see this again,’ Icahn said on CNBC’s Halftime Report. ‘They have a golden opportunity to go borrow money.'”
Read more in the full article here.
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Is he trying to get a seat on the board?
I CAN ICAHN
He doesn’t want a seat on the board, he simply wants the cash in the bank.
That’s all.
He cares nothing for Apple, its products, its services, its customers, its staff, only its cash.
He’s a tool then is what you are saying. A rich billionaire tool. Dime a dozen.
Eventually the great change agent we’re all subject to will do away with you too Carl. You will go away…eventually.
You hit the nail on the head I Can. And when he’s ready, he’ll be out of Apple before he announces it. He’ll then short Apple and make even more money. And he’ll rip the faces off of unsuspecting AAPL investors. Be ready, because that day is coming. And it won’t be pretty. And it won’t be short term. He is evil personified.
Financial Gangster at work.
I don’t thin Ichan will short Apple. It’s not his style. He will sell his Apple position when he has gotten his pay day. He is not a short seller.
I hate these Gordon Gekko types.
May the fleas of a thousand camels infest his crotch and may his arms be too short to scratch! – paraphrased.
Hey Carl. You have an insecurity problem. That’s why you require all this attention.
apple does not NEED to borrow anything. they have enough cash on hand with no debt. the only thing Icahn wants is his hands on that cash – nothing more. for once carl, just be plain honest – you don’t care about apple, you just want their money their earned.
Well, after the last buyback plan, they *did* wind up with a lot of debt. Not that this is a particularly bad thing. But the mantra of “Apple has no debt” is no longer true.
This is hilarious!. Suddenly a billionaire investor pulling Tim Cook’s legs asking for more sweet candies. Why can’t he just like a normal investor?. Carl you are bothering Cook, leave Cook alone so he can be free running Apple. :-). And if you interested in making more money, why don’t you buy $50 billion worth of AAPL. Problem is solved but leave Cook alone.
Ah, fuck him.
+1
Always a dollar more, right, Carl?
Take a clue from the history. Icahn is out to destroy for his personal gain.
http://en.wikipedia.org/wiki/Carl_Icahn
Just ignore the annoying pest, Tim.
And neither are we Carl.
i support him
This guy reminds me of the Tea Party, a very noisy minority share holder who wants to exercise more control than his % ownership would allow. Like the Tea Party, the media is giving him lots of attention which gives him more power, out of proportion with his % ownership.
Bunch of BS
Tea Party is a lot of people. You m ay not like what they believe in, but they are hardly an individual investor. Not a very good analogy. Also,you would not have made it if you didn’t disagree with them, there are equally loud and disproportionately listened to groups on the left.
phone home, get the facts, present those, not some illegitimate,
uniformed, biased opinion
Happy Trails
Tea Party is actually infiltrated and run by Koch brothers for their own financial gain.
He’s got a shit-ton more money than the standard Tea Bagger, but he’s definitely a full-on conservative Republican.
Heh heh. He said tea bagger.
This is not good, this is Icahn not being patient. Even the public statements just after a meeting with Cook isn’t good. Remember, Cook can’t say anything: it is after Apple’s fiscal year is up and before it has been reported publicly. Cook knows exactly what Apple’s numbers are, Icahn does not. And the thing is that with what Icahn is saying, Cook really can’t trust him any more. So what was a courtesy meeting with a major stockholder became a situation that Apple can’t trust. Remember Cook has 500 million on this one- he needs to stay at Apple for 10 years (7 more?) to get this. It would be really dumb for Cook to meet with Icahn, Icahn to say something that gets the SEC’s attention and Apple’s board to say “Mr Cook, you got some ‘spaining to do”. This announcement by Icahn today is very close to the edge. You cannot say stuff that will influence the stock up or down after meeting with the principles of a company.
Tim Cook could never trust Carl Icahn. Carl Icahn is playing it to the hilt. He will milk as much out of this as he can. There are mutual funds and hedge funds who own many times more shares than Carl but you don’t hear them mouthing off. And he’s not going away. He needs to feed his ego as well as his pocketbook. And I’m the guy who has no problem with people making money in the stock market, as long as it’s done ethically. Making money is why you invest in the stock market to begin with. Those who fail to pull the trigger at the right time usually end up losing money. Nothing is guaranteed in the stock market. But Carl has a history of ruining companies. Just check out TWA. He’s a snake in the grass.
Hear, hear
The fact is Ican owns less than 1% of Apple stock so he is a minor minor shareholder. Hedge funds are the true major stockholders of Apple. So basically all Ican can do is be an annoying little brat and nag at Cook.
Two words.
Jimmy Hoffa.
I would rather Apple invest in another piece of the device pie. How about buy or build a chip manufacturing facility with the off shore money instead of buying the A8 chip from Samsung. Tim, it is like buying oil from the people that want you dead. Take a few billion and make your own chips. Then, when you want to buy chips on the open market, they understand that you will make your own if needed. PA Semi division designs them and another division makes them.
Now, lets talk about the displays or the batteries.
Chip fabs are a hell of a lot more than “a few billion”, more like ALL of the cash that Apple has.
Server Farms.
Running a chip fab is a big distraction. Instead Apple will use cash to build new devices and new lines of business — creating value for everybody. That’s why we love AAPL. And the cash is their moat: a defense that makes sure that no scavenger will ever buy AAPL for pennies on the dollar, like is now happening to Blackberry.
SJ would have told him in no uncertain terms, “If you don’t like what we are doing, sell your f*cking stock and do not darken my doorway again”. As I have said before, this guys is a parasite and represents the worse aspects of capitalism. The world would be better off without people like Icahn.
Absolutely…he would have gone out of his way to make Icahn feel unwelcome.
If it is this obvious to us, I hope this guys motives are that obvious to Tim as well. I agree, SJ never let investors or anal-ists tell him what direction he should take.
Hang tough Tim!
Hold on a moment guys! Why exactly is it NOT a golden op for Apple to borrow “some” amount of money? Turned out quite well last time.
Has El Rusho’ Windbag chimed in on this yet?
I’d like this guy’s mailing address so I can send him a shoebox full of ****.
:poop: :poop: :poop: :poop: :poop: :poop: :poop: :poop: :poop:
:poop:
Ok. So Carl thinks borrowing money is cheap and Apple should expand the buyback.
Apple have a cash pile of $100bn -so if they wanted, why would they need to borrow money to buyback more stock?
His holding of stock is equivalent to 2% of their cash box money. If he is so keen perhaps he should offer up his entire holding.
As has been said elsewher , S J would not have offered him the time of day
“But I can promise you that I’m not going away until they hear a lot more from me concerning this.’”
Right, Carl, and you are not going to give up on Dell. Whoops. Did that. Go Home, Carl.
The only reason Icahn bought shares in APPL is because he knew they had lots of cash on hand (who didn’t?), so he wants a piece of it. Easy money, he hopes.
As evil as a Republican!
Yeah let’s borrow $150 billion.
What a way to sink a company, and the economy.
He want’s Apple to fail, be in the hole, while he walks away with billions of dollars, he has no right to.
What do you need Icon. How much is enough ? What will you do With all that money ? Charity? Nah. Not a charitable bone in your body. It’s power isn’t it? Makes you feel good to make people worry or jump . He’ll with the little guys. Sad man is what you are . No sense of morality. Hope you DIAF.
Apple should borrow money, Carl? What have you smoked?