Carl Icahn teases 'interesting' open letter to Apple CEO Tim Cook

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Comments

  • Reply 21 of 64
    buckalecbuckalec Posts: 203member
    The epitome of all that is wrong with the Street and system. Even if Tim rightfully ignores, it will make for an interview segment on the circus of business media television, in particular Icahns personal communication network CNBC. Most likely a 3-5 minute segment, where an anchor will gloat and praise the mighty warrior of wall street, whilst maintaining the journalist integrity of a 12 year old child
  • Reply 22 of 64

    Eric Schmidt entertains with his words on Apple. That is okay.

    But, this man  "IRRITATES"

  • Reply 23 of 64
    normmnormm Posts: 653member
    Quote:
    Originally Posted by BeltsBear View Post

     



    Well in this case it is usually also good for Apple shareholders as he is one and has his own interest at heart.  His ideas before were sound and do help mitigate the low valuation the stock market has placed on AAPL shares. AAPL shares should be much higher based alone on the P/E ratio and the cash on hand.  In a nutshell, wall street is treating the cash as if it did not exist. 


    His interests are rather short term, and he's also a big shareholder in other companies, such as PayPal, that he might try to push Apple to buy.  Hopefully, though, he's just interested in some PR to emphasize how undervalued AAPL still is.

  • Reply 24 of 64
    paul94544paul94544 Posts: 1,027member
    I hope he pushed cook to buy Paypal
  • Reply 25 of 64
    maestro64maestro64 Posts: 5,043member
    Quote:
    Originally Posted by ttile08 View Post

    Or he's going to advocate for Apple buying Pay Pal when it's spun off.

    not quite he force the break up of pay pal and ebay because of the two different business models why would he push two different business models together.

  • Reply 26 of 64
    paul94544paul94544 Posts: 1,027member
    Quote:

    Originally Posted by anantksundaram View Post

     

     

     

    You guys may not like rich, egocentric people driven by hubris, but that has nothing at all to do with whether he has something intelligent or useful to say tomorrow.

     

    Why not wait until tomorrow to form a judgment about (i) whether what he says is smart or stupid, and (ii) whether/how it is connected to his wealth and/or hubris?


    you expect an apple troll to wait before judging- thats funny

  • Reply 27 of 64
    maestro64maestro64 Posts: 5,043member
    Quote:
    Originally Posted by MattBookAir View Post



    So he's going to push for Apple Pay and Pay Pal to kiss and make up.

    Now that is possible since apple pay could cause problem with Paypal and the fact Samsung is starting down the slippery slop of being irrelevant in the cell phone business and his new pet project at Paypal got in the race with a lame horse.

  • Reply 28 of 64
    tbelltbell Posts: 3,146member
    Quote:

    Originally Posted by BeltsBear View Post

     



    Well in this case it is usually also good for Apple shareholders as he is one and has his own interest at heart.  His ideas before were sound and do help mitigate the low valuation the stock market has placed on AAPL shares. AAPL shares should be much higher based alone on the P/E ratio and the cash on hand.  In a nutshell, wall street is treating the cash as if it did not exist. 


     

    Not necessarily. Carl generally is about short term investing, and taking whatever value can be had out of a company quickly. For long term investors looking to generate cash dividends he is not your guy. 

     

    His involvement certainly gave Apple a short term boost, but after his previous announcements the stock eventually retreated. It wasn't until Apple actually announced its revised dividend, stock buy back, and stock split program that the stock really took off. He is starting to lobby now because he knows Apple reviews its investment related positions annually after the fourth quarter concludes. Other then temporarily removing some stock from the market, he has very little long term effect on the stock if any.

  • Reply 29 of 64
    tbelltbell Posts: 3,146member
    Quote:

    Originally Posted by TheWhiteFalcon View Post





    He's an interesting guy, that's for sure. Why can't he start bothering Google?



    The stock is over valued and if he doesn't already hold shares he can't buy in cheap.

  • Reply 30 of 64
    tbelltbell Posts: 3,146member
    Quote:

    Originally Posted by sog35 View Post

     

    I wonder how many who hate on Icahn actually own Apple stock?

     

    I own stock and I'm glad Icahn is a vocal Apple supporter.

     

    People here are always bitching when articles bash Apple but now a big time investor supports Apple you want to bash him?


     

     

    I have owned Apple stock since it was less than $12 a share, way before Icahn was around. I don't like the guy. He hasn't improved my obviously  long term investment at all. What has improved my investment is Apple's management.

     

    Further, I actually don't subscribe to the flawed school of thought that companies need to act solely for the benefit of investors. I like Apple products, and if Apple acted simply for the benefit of investors, Apple would be more like the numerous other failed or failing companies.

     

    Icahn doesn't care about investors like me who have been around over ten years.

  • Reply 31 of 64

    I have absolutely nothing against investors, including very rich and powerful ones (as long as they use their influence in a morally and ethically sound way).  What I do wonder is if this may not be a case of trying to get all the gold out of the goose up front with disregard for the long term health of the animal (or an understanding of the unique way this particular goose seems to defy 'market sense' so consistently).

     

    I also wonder whether Apple buying back so much of its stock will amount to it having more of a say over its own destiny and giving public investors less sway to maybe force its hand to do unwise things that would hurt the company.

  • Reply 32 of 64
    tbelltbell Posts: 3,146member
    Quote:

    Originally Posted by ttile08 View Post

     



    Or he's going to advocate for Apple buying Pay Pal when it's spun off.


     

     

    Perhaps. Icahn has competing interests that are not necessarily in Apple's best interest. For instance, he has an investment in Nuance, the company Apple currently relies on for speech recognition and is rumored to be in the process of replacing with its own solution. He also has an investment in Pay Pal, which Apple apparently has shunned for its Apple Pay service. Apple is in the process of weakening his other investments.

  • Reply 33 of 64
    jungmarkjungmark Posts: 6,926member
    apple ][ wrote: »
    What's wrong with being rich and egotistical?

    Are you all a bunch of socialist commies or something?

    I hope to one day have a tenth of as many shares that Icahn has. Hell, I'd be happy with far less than that too.:smokey:

    As for his recent proposal or letter, I will have to see it first, before I comment.

    Nothing wrong with being rich. However Icahn only cares about money. He doesn't care about Apple. He's trying to milk Apple for all it's worth and sell.
  • Reply 34 of 64
    Evil, greedy little man.
  • Reply 35 of 64

    Here's a thought. Why don't we all hold our judgements until the "open letter" comes out?

  • Reply 36 of 64
    That greedy man again? He's almost 80 what is he going to do with all that money? he's not going to take it with him in the grave or is he?
  • Reply 37 of 64
    adonissmuadonissmu Posts: 1,776member
    I wish this man would stop.
  • Reply 38 of 64
    ApplePayPal would be a formidable presence in the payments industry. Intriguing.
  • Reply 39 of 64
    zoetmbzoetmb Posts: 2,655member
    Quote:

    Originally Posted by macinthe408 View Post



    I love how rich people are so egocentric. All about what's good for Icahn.



    What I don't understand is "why?"   How much money does any one person need?   He has more money than he could ever spend in his entire life.   What does he get out of bullying companies?

     

    Apple stock did go up because of the stock buybacks and the dividend, but it mostly went up because of great sales and Icahn has nothing to do with that.

     

    While he's certainly a big shareholder of Apple, Apple should pay him no mind.   Jobs certainly would have ignored him. 

  • Reply 40 of 64

    What an arrogant *****!  Whether the letter is of any interest or not, what kind of a person serves as his own PR flack?  Just put the letter out, don't pimp it in advance, Carl.

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