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Carl Icahn Discloses 'Large Position' in Apple, Believes Company is 'Extremely Undervalued'
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Can't a company go private by buying back its stock? I don't see Apple ever getting shareholder approval for that though
Like I said, it's never going to happen.
Why do you think Apple is releasing a new cheaper plastic iphone? A billion dollar investment gives you a voice inside Apple.
And you're being incredibly kind.
I wouldn't consider the mashup / mixup brewing at Apple just a "little messy".
But then again you may be right, I'd be very happy about that.
So you saying Ellison, someone who knew jobs on a professional and personal basis, dealt with Apple for years, knows more about the people that work there then we ever could is talking rubbish.
Yet some self-promoting investor, who has a huge amount of Apple stock is claiming the company is undervalued. Wow like an investor is going to talk a company down?
Apple is valued about right now. It was over blown and over hyped before.
I'm just saying, nothing huge, small things like iOS doesn't match OS X anymore. Plus, OS X Mavericks looks like an unfinished product (I know it's in DP.) Also, the icons don't match iOS's icons. For instance, now there are two safari icons. Now there's a skeuomorphic safari icon and a non-skeuomorphic icon. It's like are we going away from skeuomorphism or not?
Those aren't the only messy things, there's other stuff too.
At today's closing price of $489/share their market cap is at $444 bil.
For the sake of example, let's cut that stock price in half to fall in the high end of your "$200-250/share" range at $244.50 per share. This makes for a market cap of $222 bil.
Considering they have $140 bil in cash, and generate $60 bil in cash per year (meaning $200 bil at the end of the fiscal year with no actions taken), that's all they should be worth? JUST the cash in hand, nevermind any revenue or profits?
You can't discount the money coming in. That's huge. Especially considering other tech companies aren't bringing in more than 10 bil.
It get's even more complicated because Apple is giving a dividend, so I don't believe it could hit that low based on the dividend payout alone. Investors would be all over it.
Please. I'm not going to sit here and say it should be 500 or 700. But $200-250, that's just absurd.
The two are not mutually exclusive. If he didn't truly believe that AAPL was undervalued then he wouldn't have a huge $1B position. So of course he's going to talk them up, because it's what he believes.
Apple, up in the short-term but the long-term?
Yes, this was effective manipulation of the stock price but that only holds in the short term. I believe that the next few product releases, particularly the new iPhones and new iPad will be strong products -- after all, Jobs at a hand in the design process. I expect Apple will soon cross the $500/share mark and perhaps continue up from that.
My concern is the long term. Tim Cook appears to be a solid individual who is doing some good things with Apple, but he is no replacement for Steve Jobs. Where will that kind of leadership come from? I expect that Tim's tenure will be somewhat short and that another will take his place within the next few years. But who would provide the kind of vision that is needed?
One such person could be Elon Musk, but he is unlikely to move his career in that direction. Anyone have any ideas of who could fill those shoes?
Yes, this was effective manipulation of the stock price but that only holds in the short term. I believe that the next few product releases, particularly the new iPhones and new iPad will be strong products -- after all, Jobs at a hand in the design process. I expect Apple will soon cross the $500/share mark and perhaps continue up from that.
My concern is the long term. Tim Cook appears to be a solid individual who is doing some good things with Apple, but he is no replacement for Steve Jobs. Where will that kind of leadership come from? I expect that Tim's tenure will be somewhat short and that another will take his place within the next few years. But who would provide the kind of vision that is needed?
One such person could be Elon Musk, but he is unlikely to move his career in that direction. Anyone have any ideas of who could fill those shoes?
Good points about iOS and OSX not matching. Obviously, it will get there. Eventually. There just wasn't enough time, I guess. But this means it will feel like an unfinished product.
They shouldn't have two Safari icons if they want people to know/remember safari tabs in the cloud, and things like that.
I guess I have a different view. I've been using Mac OS X since Leopard, and I currently have one machine running Mountain Lion and two running Mavericks (which ROCKS, BTW). Leopard had its fair share of inconsistencies, and don't even talk about how inconsistent iOS and OS X were back then. I have seen a slow evolution that has brought the two closer together, and more consistency introduced, both within each individual OS, and between the two.
Unlike Windows 8, where MS just took 20 years of user experience and turned it on its head in one day.
More detail on Mavericks: Yes, it is still in dev. But it runs great in its current iteration, and it actually makes my 2011 Macbook Air run better than it has in a long time. I no longer come home at night and find my MBA sitting on the bed, warm to the touch because it doesn't quite know how to go to sleep. It also runs my Parallels VM in coherence better than ever before.
Are there still some glitches? Of course. It's still in dev. But I am seriously considering moving my iMac in the office to Mavericks, because it's that solid for me now. I may wait one more iteration for that, but it won't be far beyond.
The same Ellison, who stated that he didn't know that Java was free, sued Google for it, and lost? The same Ellison who caused the creator of that programming language to ditch Java and Oracle (the company), and his boss (Ellison) at the same time?
The same Ellison, who severely crippled MySQL by removing InnoDB from the standard edition which had been free to anyone and everyone, and started to charge $2000 per license for it? The same Ellison, who caused the creators of MySQL altogether to ditch it and start up MariaDB?
The Same Ellison who not only killed Solaris by bringing in the CEO of HP (Mark Hurd, who was fired by HP for using company funds for personal use, btw) as a "co-President" to revive the brand (and failed at it), and killed the OpenSolaris project?
Yeah.. I mean that same Larry Ellison. The same one that pretty much has pulled a Darl McBride from SCO, but just hasn't lost his entire company over it. His comments go over as well as a pregnant pole vaulter. So yes.. I'm saying that what he said earlier about Apple going down the drain because Jobs isn't there (nor in this world anymore) is a crock of ****.
He should focus more on how to save his own brand than talk about others who have done well.
BL.
Off topic, is it worth spending $20 on? I'm really interested in the advanced technologies.
I just want to read the thread but had to reply to this. Let me get this straight. you hate the company and its FREE services because it does not do exactly what you want?
Yeah, if you leave out the "hate Google" part. I'm getting very annoyed with their products.
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these guys are desperate because they didn't get a good ROI as expected
they all believed that the stock would make $1,000
That's probably exactly it! And like somebody else said, this is a "Pump and Dump" scheme. That jacka$$ actually gets to have a phone call with Tim Cook and urge him to borrow money at 3% to buy back the stock!! Nobody should listen to what this guy says. The fact that Tim Cook even took the call is disappointing.
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Bloomberg News headline:
"$47,500,000: Carl Icahn's Profit for Today"
I wonder if his announcement was illegal stock manipulation. But he should be too smart for that.
Hasn't Tim and the company allowed shares to drop a little? Weren't they doing a buy back scheme too?
Because Icahn likes to hollow out companies for his own personal gain. That's how he makes his money; pumping companies, destroying them from the inside, then dumping them and leaving them in ruins.
I agree. I'm actually worried.
And yes, I realize Apple's $400b market cap is technically out of Icahn's reach. But he can still have a nasty influence.
This is a joke, right? Please Google Carl Icahn.
No sorry, you clearly don't know the details of the Dell deal.
Why, because Carl Icahn thinks there's shareholder value to be unlocked?
Also let's not forget a crucial point of this NEWS: Carl Icahn actually is encouraging Apple to BUY BACK even more shares. In doing that, Apple would be buying back even more of its own stock, leaving less room for outside investors (like Carl) to attempt to have a controlling interest in the company.
That's actually very good advice to Apple. (And actually good advice to any company, as long as they can afford to buy back the shares that were long prostituted to Wall Street).
That's actually very good advice to Apple. (And actually good advice to any company, as long as they can afford to buy back the shares that were long prostituted to Wall Street).
icahnnot find a stray pipi skin for i lost my cherry on blackberry, therefore i clamor our large position in aapl, much undervalued
I would pay $20 for it in a heartbeat, as long as my machine would run it. Especially given that buying it once allows me to install it on all of my Macs.