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:

Most Recent Stories:

  • Hands On: Apple iPhone 6s Plus - 8:18 PM EST
  • Report: Apple buys VocalIQ, may add dialogue API to Siri - 12:19 AM EST
  • Freebie Friday: Resume app, games, Git courses, Frank Sinatra - 11:07 PM EST
  • Hands On: Reeder 3.0 (OS X) - 5:17 PM EST
  • AT&T delays Wi-Fi calling service launch due to lack of FCC waiver - 4:56 PM EST
  • Hertzfeld: Jobs movie takes 'liberties,' but exposes 'greater truths' - 2:40 PM EST
  • App Update: Microsoft OneNote, Newsflow, FontExplorer X Pro, more - 2:27 PM EST

    Today's iPodNN Stories:
  • So long, and thanks for everything! - 2:31 PM EST
  • Lizard Squad member convicted over 50,700 computer crime charges - 9:58 AM EST
  • Microsoft offers grants to universities for HoloLens research - 7:25 AM EST
  • LG Display starts mass production of AIT display panels for notebooks - 7:47 AM EST
  • Briefly: EE fined £1M in UK, Unofficial YouTube app on Android Wear - 11:14 AM 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.