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Investor Carl Icahn Admits Large Apple Position, Lobbies For Larger Stock Buyback Program - techcrunch.com
Today activist investor Carl Icahn indicated on Twitter that he has amassed “a large position” in the computing giant Apple. Following, in another tweet, he stated that in a conversation with current Apple CEO, he had “discussed opinion that a larger buyback should be done now.”
Another conversation would follow, the tweet went on to say.
Icahn’s twin Twitter missives have sent Apple’s stock 4 percent higher, adding more than $10 billion to the company’s market capitalization. What Icahn is pressing for is that Apple deploy more of its tectonic cash reserves to repurchase its shares from the public.
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