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  • Tim Cook's September Dinner Date Making Headlines


    It's probably the most talked about scheduled dinner date in all of technology today.

    Next month, Apple CEO Tim Cook and outspoken billionaire investor Carl Icahn will break bread over some very heavy conversation.

    News of the meeting, however, wasn't leaked by a reporter, the gossip mill, or even an inside source at Apple. Confirmation came straight from the billionaire himself.

    "Spoke to Tim," Icahn tweeted Thursday afternoon. "Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude."

    Today's tweet comes just days after the powerful investor helped the stock jump by confirming he had taken a “large” position in AAPL.

    Mr. Icahn told WSJ last week that he believed Apple should issue debut to fund a stock tender buyback at a price around $525, a move that he believed could send shares to $625.
    "While Apple has announced plans to return $100 billion to investors through 2015," the WSJ reports, "Mr. Icahn seemed unimpressed with the speed of that plan given the company’s cash pile of more than $140 billion."

    Source: WSJ
    This article was originally published in forum thread: Tim Cook's September Dinner Date Making Headlines started by Michael Essany View original post