“Only a few hours ago Apple was all about the potential of new products in China. Cramer said the Street was hyper-focused on the company’s deal with China Mobile, which CEO Tim Cook called a watershed moment,” Lee Brodie reports for CNBC. “And it made sense; China mobile has an estimated 760 million subscribers. But largely those developments as catalysts for the stock may be history.”
“Now, Cramer believes Apple may trade on comments from Carl Icahn that were Tweeted on Wednesday,” Brodie reports. “The activist investor said he increased his stake in Apple but also Tweeted critical comments concerning the way in which Apple is run. ‘Essentially Icahn said that Apple Is disgraceful for not buying back more stock given that shares are incredibly cheap here, and that it’s governed poorly so he’s going to put pressure on the company,’ Cramer explained. ‘Icahn also charged that Apple has an imperial board of directors and he wants that to change. Icahn’s also going to send a letter throwing down the gauntlet about a company.'”
[protected-iframe id=”c2c8fca9e7cdd2d30e86012a012be70f-17146794-18685410″ info=”http://plus.cnbc.com/rssvideosearch/action/player/id/3000238220/code/cnbcplayershare” width=”400″ height=”380″]
Brodie reports, “As a result, Cramer thinks the catalyst that moves Apple in the days ahead are the follow-up comments from Icahn and not metrics such as overseas sales. ‘So much for the idea that Apple now revolves around China,’ Cramer said.”
Read more in the full article here.
Dump Gore.
The last time Al Gore got prematurely dumped was by the Supreme Court. Look how well that turned out for us.
Turned out better than if that POS would have been VP
Now here is a man who has his historical facts lined up.
Oh? For who? Iran?
Excellent. Says it all.
Gore wasn’t dumped- he was robbed. Like this shmuck wants to rob Apple.
Which will alter exactly what about the way Apple is governed?
Why don’t you go and stick your head up Chris Christie’s ass?
It’s already there.
it’s too cold for that.
Republican hate. Republican lies.
If Carl Ichan is so fscking smart he should go start his own company and rape that.
God yes That’s a great idea instead of fucking with every other company out there start ur own. Let’s see how well it does Icky Icahn
He did start his own company its worth 13 billion
I guess we’ll see in a couple of days just how “poorly” Apple management has been doing. Not poorly at all — that’s my bet.
Oh iCon, Apple is one of the most valuable company’s on earth so how the hell can you honestly give “critical comments concerning the way in which Apple is run.” Oh, you’re not honest, I see.
Once in awhile there are people that should just quietly disappear from the face of the earth – Carl Ichan is on that list. My distain for him and his ilk has no limit. They are the very worse side of capitalism.
Capitalism is about leveraging money to build something. ICahn is only about bleeding money out of things others have built. He’s no capitalist.
Surely you’re not suggesting Carl Icahn is purely & untiringly motivated just by his own desire for increased personal riches? Heavens to Betsy no!
Let’s expand on that idea. Put Cramer under one of Icahn’s arms and maybe Eric Schmidt under the other arm, before sending him off on a long walk off a short pier.
What is it about this asshole that every thing he says gets picked up by the tech press and dumped on my doorstep like a dead mouse from my cat? Tim Cook give zero fscks about what you think, Carl.
At least your cat is doing something productive.
The very embodiment of a Wall Street Parasite. I notice he’s now trying to get his claws into eBay in order to rip that apart too.
Getting sick of this weasel. Who the Hell does he think he is. Acts like Steve Jobs died and appointed him boss.
He wants to raise the price of APPL shares so he can sell out at a tidy profit. Obviously giving advice in his own self interest rather than for Apple’s betterment.
As I have said before, beware of the presence of Carl Icahn. At some point he will make his move and the results will rip the faces off of AAPL investors who are not prepared. He is an asshole of magnificent proportions. He is evil personified. He is the riptide that pulls that unsuspecting inexperienced swimmer under, never to be seen again. Be ready because fair or not, that day is coming.
Heard on the radio this morning that he’s also making suggestions regarding eBay and dismantling it into parts . . . they had a sound bite and I must say I was very unimpressed with his speaking skills.
Money talks. Actually, it just swears.
Pray, everyone! Get down on your knees and press the lord to accelerate this maggot’s demise!
Fire the Board! Apple needs a major change in direction.
Carl, why don’t you go mess with AMZN’s hourly float and leave apple alone.
Like him or not, Ichan is correct. Apple have outgrown this Board. Tim Cook has done a great job on the operational side but needs more support on the corporate side. Apple is a public company not a private company and shareholders should benefit from the firm’s success. By any stretch Apple does not need a cash pile of $150Bn plus to invest and retain a margin of safety. The share price has been to hell and back and the Board should have anticipated this. It would have been very easy to support the price with buybacks and that should have happened much earlier. Some posters seem to forget that any buybacks, dividends etc will help ALL shareholders not just Ichan. The Board need some corporate heavyweights who can take some of the pressure off Tim Cook who has been very unfairly pilloried and still is in some quarters. He has secured China Mobile and DoCoMo too. IMHO will will see how good he is over the next few years as he spends more concentrating on developing a vertical supply chain (read Semiconductors) and improving margins. We will also see new products this year (bigger screens) and next (iWatch) and new services too (payments). The only reason for keeping the cash would be to start Apple Bank – I’ll be the first customer.
i think they key word in “to hell and back” is “back” – (well nearly anyhow).
relax, smoke a reefer and go watch an old episode of mork and mindy, or maybe bewitched with dr. bombay making an appearance.
it will take your mind off of such concerns
besides i like that 150 billion set aside. they might need it to battle the federal gubmint in its constant overreach.
It’s painfully obvious that Apple needs it’s cash hoard to remain in control of its path. Not having the cash to fund operations would leave it beholden to the parasites that Icahn represents.
“shareholders should benefit from the firm’s success”
They have. I bought AAPL at $10/share.
Each year I get dividends that more than equal what I paid for the stock.
iChan read the article about the wealthiest 80 people in the world having half the worlds wealth. All he want is to be on the list.
Steve Jobs said the game was not to be the richest person in the cemetery. Seems like iCahn disagrees!
“Imperial”??? A case of the pot calling the kettle black!
This D bag needs to shut the F up. Tired of seeing his name.
Icahn is the true threat to Apple. If he can, he’ll bleed it to death, focus it on short-term strategy and wring out the quality in favour of dividends and market share and then sell-out on the collapse. A villain.
And that is precisely the main gaol of the class that Ichan belongs to. The world owes them it’s excess cash.
Cook should politely but firmly tell Icahn to sell his shares and move on to another company.
No worries. Carl can’t even get the menu changed at the Apple cafeteria. They have better taste.
Hey Carl! Go bother Google, Samsung, or Microsoft. Their investors need your advice!
Anyone convinced that Apple’s board should act in a manner dictated by the greed of Wall Street and the “need” to return money to shareholders should just go into the woods and hang themselves. Apple isn’t an income trust and despite the blinkered worldview of the money managers, Apple does not exist to facilitate the cheque kiting tactics of the stock market manipulators. Is there really any doubt left as to why Apple built it’s cash hoard? It was to remove its dependence on the obscenely corrupted finance industry.
Give Icahn his money back, tell him to shut up, and ban him from buying Apple stock again. He’s a bully and it’s as if he’s like the outsider who comes into town, buys half the street and starts telling everyone how to do their business.
Real Jerk – But the only reason he’s doing this, is to legally strong arm the cash Apple has saved up. He’s a thug, not much better than mafia.
Icahn’s also going to send a letter throwing down the gauntlet about a company.
PARASITE
I wish they would stop referring to Icahn as an activist investor, he is not an activist he is a vampire investor. He buys into a company in the hopes of gaining enough influence to be able to suck it dry, leave nothing but carnage behind and move on to his next victim.
Who the fuck died and made this jackass Elvis?
What on earth does this idiot think gives HIM the right to lecture a company like Apple on how to run its affairs?
He should be invited to find himself a nice splintery stick, a quiet corner, and to set about sodomising himself with it.