Billionaire investor Carl Icahn discloses large stake in Apple

By Shawn Knight · 6 replies
Aug 13, 2013
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  1. Oracle CEO Larry Ellison may believe Apple is doomed but not everyone shares that sentiment. Prominent billionaire investor Carl Icahn recently took to Twitter to reveal he’s taken a large position in Apple. Icahn said his company believes Apple is...

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  2. hahahanoobs

    hahahanoobs TS Evangelist Posts: 2,040   +678

    Icahn said his company believes Apple is extremely undervalued and as such, invested more than $1 billion according to reports.

    A drop in the bucket...

    Just to put it into perspective, his tweet added close to $12.5 billion to the company’s market cap in less than two hours.

    How long will this enthusiasm from investors last?
  3. misor

    misor TS Evangelist Posts: 1,283   +242

    This billionaire is an obvious supporter of Obama and Apple.
    He can always do (or invest) anything he wants because Hecahn. :)
    His disagreement with CEO Cook on the 'proposed buyback plan' is somewhat 'suspicious' to me as the action leads to an increase in Apple's shares as reported in the article.
    The falling (or 'lower') price of Apple's shares before the 'disagreement' lead to me to believe that soon some large investors will dump their shares for a quick buck.

    as some say, the soon to be release of Iphone C(rap) will degrade the high-end Iphones, and this will lead to the decline of apple.
  4. OneSpeed

    OneSpeed TS Addict Posts: 286   +92

    Icahn=iphone:both going down.
  5. mctommy

    mctommy TS Addict Posts: 217   +38

    Not a bad conversation with Cook. His investment just netted him $5 million.

    With all the cash apple has, they may as well buy back some shares.
  6. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,890   +1,223

    Hmm... so we know that Apple's product releases have been turning points for their stock. The stock went up before the iPhone 5 was released and then went down because the 5 was just a marginal upgrade.

    So now this guy has a conversation with Cook and then invests $1billion. I wonder if Tim told him that customers should be happy with the next phone *wink* *wink* and Ichan got the subtle hint and decided to invest.

    I think we should be suspicious anytime a huge investment is made by someone right after they talk to the CEO.
  7. fimbles

    fimbles TS Evangelist Posts: 1,185   +208

    Heres hoping his influence and money encourage apple to go the same way as blockbuster and numerous other failures this guy has.

    One less litigator is always good.

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