“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.
FU** CRAMER AND ICAHN !!! THEY’RE BOTH MORONS.
The issue is that Icahn is an investor. Not a CEO. What is disgraceful is an investor using his muscle to push a company in a direction to benefit himself… He could care less if the company crumbles after he dies. His legacy is to get as much of it as possible now. Apple should buy back his shares and disallow him from buying any more EVER.
Can’t help but notice all the negative sentiment to change. It is almost universal and commented on very quickly. Curious at best.
Call me suspicious but do we have board members and/or their associates commenting? Humm. Perhaps the secretive/stealthy Apple PR Department is also engaged??
If it smells like fish there is usually fish.