MacNN | Cook, Icahn to talk expanded share buyback at September dinner
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Cook, Icahn to talk expanded share buyback at September dinner
Thursday, August 22, 2013 @ 4:25pm

Investor Carl Icahn and Apple CEO Tim Cook will meet next month for a business dinner, according to the former's official Twitter feed. "Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude," he writes. Icahn met with Cook earlier this month, putting forward the idea that Apple should expand its buyback program. The company is already in the middle of spending $60 billion on buybacks through 2015.



Icahn has a major incentive to push further buybacks. He already has approximately $1.5 billion invested Apple; the recent announcement of that stake helped send Apple's share price surging back over $500. With such an inflated value, a future buyback could turn a significant profit.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • GameStop to add 23 Simply Mac, 400 Spring Mobile stores this year - 1:46 PM EST
  • Review: Samsung Galaxy S 5 on Verizon - 1:30 PM EST
  • Catcher technology pegged as supplying metal casings for iPhone 6 - 12:32 PM EST
  • Google Maps adds option to view older Street View image collections - 12:17 PM EST
  • iOS 7.1.x code points to Siri support on Apple TV - 11:12 AM EST
  • Amazon signs deal for HBO content on Prime Instant Video, Fire TV - 10:27 AM EST
  • Update fixes FaceTime for Snow Leopard; iOS 6 support still broken - 9:30 AM EST
  • Briefly: WhatsApp hits 500M active users, Sprint domestic unlocking - 7:39 AM EST
  • Apple vs Samsung, Day 10: The home stretch - 2:15 AM EST

    Today's iPodNN Stories:
  • Samsung Galaxy K shown at full zoom in leaked photographs - 9:14 AM EST
  • OnePlus One launches with 5.5-inch 1080p display, 2.5GHz processor - 6:18 AM EST
  • Briefly: New Sony Smartwatch 2 app, SMS and IM merge on Hangouts - 12:03 AM EST
  • Briefly: Withings updates Pulse Tracker, Bitcasa adds Chromecast - 6:51 PM EST
  • Fan TV signs deal with Time Warner Cable, opens for pre-orders - 5:27 PM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.