Saturday, July 26, 2014





Icahn wants Apple to spend $150B buying its stock


October 01. 2013 12:42PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Billionaire investor Carl Icahn is pressuring Apple to spend $150 billion buying back its own stock, more than double what the company has budgeted.


In a Tuesday statement posted on his Twitter account, Icahn said he laid out his demands during a Monday dinner with Apple CEO Tim Cook.


The meeting came seven weeks after Icahn disclosed that he had acquired a significant stake in Apple Inc. because he believes the maker of the iPhone and iPad has been undervalued by investors worried about the Cupertino, Calif., company's slowing growth amid tougher competition.


As part of its effort to appease Wall Street, Apple already has pledged to spend $60 billion buying back its stock by the end of 2015.


Apple didn't immediately respond to requests for comment.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds