Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 02 October 2013 12:56

Apple shares go up after dinner

Written by Nick Farrell



Buyback rumoured 

Shares of the troubled toymaker Apple rose on the news that chief executive Tim Cook had dinner with billionaire activist investor Carl Icahn.

While we don’t know what they ate, Icahn is believed to have "pushed hard" for Jobs’ Mob to buy back its shares while they are suitably cheap. He thinks Apple should buy back more than $150 billion worth its shares. This will boost the value of the shares without Apple having to do anything reckless like invent a new innovative product.

The pair agreed to talk about it in about two or three weeks. Apple has the ability to do a $150 billion buyback now by borrowing funds at 3 percent. If Apple does this now and earnings increase at only 10 percent, the stock it should trade at $700 a share.

Apple shares currently trade over $485 a share.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments