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:

  • Apple to drop support of SSL 3.0 due to POODLE vulnerability - 11:55 PM EST
  • Japanese man arrested for 3D printing guns gets two years in prison - 10:58 PM EST
  • Tim Cook posts photo from latest China visit - 10:10 PM EST
  • Twitter introduces Digits, a new way to log into applications - 9:32 PM EST
  • Apple found not guilty of infringing on expired GPNE patents - 9:09 PM EST
  • AT&T reveals third quarter earnings, falls short of estimates - 8:11 PM EST
  • Teardown of iPad Air 2 by iFixit confirms 2GB RAM, smaller battery - 8:00 PM EST

    Today's iPodNN Stories:
  • Japanese man arrested for 3D printing guns gets two years in prison - 10:58 PM EST
  • Giveaway: Rapoo 3920P wireless laser mouse - 4:42 PM EST
  • Barnes & Noble unveils Samsung Galaxy Tab 4 Nook 10.1 - 4:14 PM EST
  • Moto 360 software update ships, wireless charging dock on Google Play - 8:33 AM EST
  • AR start-up Magic Leap secures $542M investment from Google, others - 7:32 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.