MacNN | Carl Icahn declares 'good conversation' with Apple CEO Tim Cook
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Carl Icahn declares 'good conversation' with Apple CEO Tim Cook
Monday, November 11, 2013 @ 1:18pm

Rich investor Carl Icahn has again spoken with Apple CEO Tim Cook, CNBC reports. Icahn tells the network that he had a "good conversation" with Cook in the past few days, and that both sides agree Apple stock is undervalued. The parties are also allegedly continuing to explore the possibility of an expanded share buyback program.



Icahn, who owns some $2.5 billion in Apple shares, has been pushing aggressively for an "immediate" $150 billion stock buyback program. Apple is already in the midst of a $60 billion buyback program, partly financed by debt, and due to conclude by the end of 2015. The two sides have allegedly squared off about how much control Apple executives should have over the company's cash reserves; Icahn has said he will consider using a proxy vote to force an expanded buyback if he can garner enough support from shareholders.

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:

  • Amazon reveals motives in Hatchette war: forcing lower e-book prices - 8:34 PM EST
  • Netflix to give customers better speeds through AT&T peering deal - 8:13 PM EST
  • Sonnet Technologies releases rackmount enclosure, xMac Pro Server - 7:18 PM EST
  • FCC opens comments on request to preempt state laws for broadband - 6:15 PM EST
  • Ford Motors to replace BlackBerry with iPhones for over 9,300 workers - 5:39 PM EST
  • Apple confirms buyout of radio/podcast app Swell - 4:57 PM EST
  • 2014 Mac mini appears on Apple support page - 4:11 PM EST
  • Rhapsody International nabs two million premum service subscribers - 3:36 PM EST
  • Durham, NC Apple Store hit in smash-and-grab robbery - 3:06 PM EST
  • Forums: Yosemite Beta pros and cons - 2:24 PM EST
  • Apple deals: Up to $710 off refurbished rMBPs - 2:21 PM EST
  • DealNN: Mac mini for $490 - 2:19 PM EST
  • Sapphire production insufficient for iPhone 6 displays, analysts say - 1:43 PM EST
  • Trouble at TPK may hint at iWatch production issues - 12:35 PM EST
  • MOTU ships trio of Thunderbolt audio interfaces, AVB Ethernet switch - 12:04 PM EST
  • CNBC, Fox Now added to US Apple TV lineup - 11:23 AM EST
  • Briefly: Total War: Shogun 2, SilhouetteFX 5.2 - 10:35 AM EST
  • Refurbished Retina MacBook Pros drop below $1,000 mark - 10:27 AM EST
  • AppleCare+ plans for iPhone, iPad come to Mexico and Sweden - 9:11 AM EST
  • Drobo Mini ships with included SSD storage for portable storage - 9:01 AM EST
  • Apple updates MacBook pro line with faster processors, more RAM - 8:30 AM EST
  • Canon unveils PowerShot SX520 HS, SX400 IS bridge cameras - 5:57 AM EST
  • Briefly: Yelp adds video, Facebook forces Messenger for iOS - 2:07 AM EST
  • Apple Stores gearing up to allow early-upgrade carrier program buying? - 12:43 AM EST

    Today's iPodNN Stories:
  • Instagram launches Bolt messaging app in limited release - 5:18 PM EST
  • Nvidia creates high-resolution screen using two low-resolution panels - 4:36 PM EST
  • London Police replacing advertisements on illegal download sites - 4:15 PM EST
  • Microsoft reportedly plans two more imminent Lumia launches - 2:18 PM EST
  • Electronic Arts deploying EA Access Xbox One game subscription program - 1:21 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.