As people pointed, Icahn has no clue about technologies company other than they do not perform to the level which he thinks they should do. This is the first time he trying to get his hands into a company which is not having troubles, which is his claim to fame. But if you look at ever company he got his hands on no longer exist or is a shell of what they were. He always make money since he gets in when it low and then forces the company to do thinks that prop up the stock value and then gets out and does not care when happen after that. He just another guy trying to manipulate a company into doing things which are only good for the stock value and nothing else. He hides behind the fact that he said he trying to help shareholders and the company.
Ask your self, would you invest in the company who is obviously having issues, hell no you run the other ways, this guy runs to them and always comes with more money than anyone else.
Even Warren Buffet said he will not invest in Apple since he does not understand the whole Tech industry. He invest in what he knows and in companies which could be better.
jameskatt2 wrote: »
How old is Icahn? Once he passes - perhaps to Hades - the world will be a better place.
pazuzu wrote: »
Now Tim Cook should tell off Obama for comparing iOS 7 to ObamaCare.
I hope Apple has taken sufficient steps to retain control in the board, should outside "activist" shareholders attempt to shake them down the way Icahn has companies in the past.
The board needs to consider the needs of all shareholders and how to keep the company valuable.. but Icahn has been able to use lawsuits to sell the idea that "wahtever maximizes shareholder return in the short term is the boards duty".... and that could be very dangerous.
Alas, now that Icahn has a position, it's too late to enact such measures, so hopefully they did it back in the 1990s when they were vulneragble to a hostile takeover.
gtr wrote: »
This version of dinner with Steve Jobs instead of Tim Cook:
Icahn: I believe that the Apple board should listen more to what the shareholders want.
Steve Jobs: F*ck off.
Icahn: Okay, what should we have for dessert?
firhill07 wrote: »
What I don't get is why did Tim Cook actually meet with him? What is the obligation? Or is it that Tim Cook wants Icahn to be his broker to plan a large buyout? What is about Icahn that should amuse Tim?
gooneryoda wrote: »
Split the stock Cook!
The only thin Ican wants is apple to buy a boat load more of there shares back so his stock becomes more valuable so he can cash in.
Props to Cook for telling the blowhard to get real. The guy must really get amused by manipulating companies. Fortunately for Apple he is a tiny investor % of owned stock wise.
jragosta wrote: »
There's no obligation. Cook was not required to meet with Icahn.
However, it was not unreasonable to do so. First, Icahn holds over a billion dollars in AAPL. The mere fact that he was buying increased the share price. If he were to start dumping the stock, it would probably clobber the share price. There's no harm in having dinner with the guy.
I agree completely.
frac wrote: »
Just out of interest, what does splitting the stock achieve? How does it weaken Icahn's investment value...proportionally, or the strength of his argument, or his proxy strength? I know the practical benefits personally, having been blessed twice over....but what's the business management argument?
s.metcalf wrote: »
I don't recall hearing about Jobs ever meeting financial morons like him. He cared more about the products and I doubt he had the slightest interest in or patience for Wall St or even lawyers and financial people within Apple unless they were working on something he wanted or of direct relevance to the products. Sadly I think this demonstrates just how different Cook is from Jobs and it worries me a little.