Carl Icahn raised his ‘no-brainer’ stake in Apple Inc. (NASDAQ:AAPL) to north of $3B and simultaneously turned up the decibel level on his demand that the iPhone maker boost its current buyback plans.
His carefully crafted tweets carried the message to the markets, shareholders and of course, the company.
How much cash does Apple really need to hold?
Icahn fires off a number of broadsides at Apple Inc. (NASDAQ:AAPL) management in his letter to shareholders mentioned above, but most notably, Icahn proceeds to systematically debunk the company’s claim that it is unable to increase the scale of its buybacks due to the “dynamic competitive landscape” and...
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