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Carl Icahn reportedly pushed Tim Cook for $150B Apple share buyback
The planned dinner between investor Carl Icahn and Apple CEO Tim Cook took place as scheduled last evening, and Icahn is reporting through Twitter that the dinner was "cordial" and that he pushed for Apple to bump its share buyback program up to US$150 billion. Icahn believes that Apple's share price is "extremely undervalued" and that the company should spend more of its cash to bolster it by purchasing more shares at the current price. The continued discussions between Icahn and Apple will most likely come after the next quarterly earnings call, which should happen sometime in the third week of October.
Daily Update for August 23, 2013
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
Daily Update for July 25, 2013
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
