Investor Carl Icahn to Have Dinner With Tim Cook, 'Magnitude' of Share Buyback to Be Discussed

Buy shares, ask the CEO to raise the price, sell shares. Hmm...

Insider trading

Damn. And someone paid more than $500,000 just to have a cup of coffee with him let alone dinner.

jovada said:

Buy shares, ask the CEO to raise the price, sell shares. Hmm...

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Huh ? How is he asking Apple to raise the price ?

Squilly said:

Damn. And someone paid more than $500,000 just to have a cup of coffee with him let alone dinner.

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Well.. this guy paid a BILLION!! That's quite a jump from coffee to dinner...

Icahn is not our friend

You realize, I hope, that Icahn is speaking publicly like this to try to force Apple to increase the buyback.

He is not a friend to Apple. Icahn has purchased a billion dollars worth of Apple stock. He wants the value of that stock to increase by some significant percentage (20%, 50%) very quickly, so he can sell it and make a buck. If things don't go his way, he'll do anything to Apple to force the issue. That's how he operates. He's not about creating long-term value or companies that are healthy over the long term.

By publicly creating the hope and expectation of a bigger buyback, he increases pressure on Apple to make a bigger buyback, whether or not that's fundamentally good for the company. Icahn creates the possibility of shareholder discontent in the absence of an increased buyback.

mtneer said:

Well.. this guy paid a BILLION!! That's quite a jump from coffee to dinner...

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Yeah...but will Tim put out on the first date ?????

Uh oh

Nothing good can come of this.

I cannot fathom wanting to do these things over dinner. Why eat at these things. That always bugs me.

Well, IMHO he's right about Apple stock being undervalued.

And I can't comment on how he chooses to spend his money, because I'm fairly short of having $1 billion burning a hole in my pocket.

Icahn has influence?

I guess it makes sense..

right in the middle of a Nasdaq system failure... imo they will halt Apple until tomorrow on fear of huge volume at open this afternoon.

Let's just hope he is not trying break Apple down to 1990's level….

jovada said:

Buy shares, ask the CEO to raise the price, sell shares. Hmm...

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Business as usual on Wall Street.

I think Steve just rolled over.

mtneer said:

Well.. this guy paid a BILLION!! That's quite a jump from coffee to dinner...

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In hopes of ROI. Even though the $500,000 went to charity, there's no ROI on that (other than maybe taxes).

I thought that man looked familiar. He was in Star Wars.

*cough* Scooby Doo ending perhaps?

Insert generic conspiracy theory rants here: _____________

alms said:

You realize, I hope, that Icahn is speaking publicly like this to try to force Apple to increase the buyback.

He is not a friend to Apple. Icahn has purchased a billion dollars worth of Apple stock. He wants the value of that stock to increase by some significant percentage (20%, 50%) very quickly, so he can sell it and make a buck. If things don't go his way, he'll do anything to Apple to force the issue. That's how he operates. He's not about creating long-term value or companies that are healthy over the long term.

By publicly creating the hope and expectation of a bigger buyback, he increases pressure on Apple to make a bigger buyback, whether or not that's fundamentally good for the company. Icahn creates the possibility of shareholder discontent in the absence of an increased buyback.

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Exactly. There's a reason he's renowned as being controversial.

There must be SEC limitations in place here. Shareholders shouldn't have manipulation ability to change stock price in a volatile sense such as this.

alms said:

You realize, I hope, that Icahn is speaking publicly like this to try to force Apple to increase the buyback.

He is not a friend to Apple. Icahn has purchased a billion dollars worth of Apple stock. He wants the value of that stock to increase by some significant percentage (20%, 50%) very quickly, so he can sell it and make a buck. If things don't go his way, he'll do anything to Apple to force the issue. That's how he operates. He's not about creating long-term value or companies that are healthy over the long term.

By publicly creating the hope and expectation of a bigger buyback, he increases pressure on Apple to make a bigger buyback, whether or not that's fundamentally good for the company. Icahn creates the possibility of shareholder discontent in the absence of an increased buyback.

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The rest of us buy Apple stock to frame it and put it on our walls.

Apparently.

Dwalls90 said:

Exactly. There's a reason he's renowned as being controversial.

There must be SEC limitations in place here. Shareholders shouldn't have manipulation ability to change stock price in a volatile sense such as this.

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Too bad any limitations won't matter.

If the SEC did their job Madoff would never have run a 50 billion dollar ponzi scheme, for over a decade, after being warned repeatedly about it.

The SEC is a joke on wall-street.

Peace said:

Huh ? How is he asking Apple to raise the price ?

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"Icahn's desire for Apple to increase its share buyback." Share buyback => raised price. Either he wants to make a quick buck by selling soon, as some have said here, or he genuinely thinks that Apple is undervalued and can prosper long-term.

I had no idea what his plan was, but now that he's talking with Tim Cook to buy back shares, I'm getting suspicious.

IJ Reilly said:

Insert generic conspiracy theory rants here: _____________

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Insert generic conspiracy theory rants here: __Steve Jobs never died. He is Steve in Disguise___.