Need to support Icahn because things will not change as it is. Only way to change things is Icahn
C'mon really? Look at Google missing estimates but has record revenue and is rocketing. THIS IS EXACTLY what Apple did! And we are down huge and even up day liek this we down. Board needs to go.
Only way to shake things up is go with Icahn. Who only wants changes made to the board and has repeatedly said he like the way Apple is doing with their products!
I am sorry, no other way to say it
IMMEDAITELY, AL GORE? For god sakes!
You are too stupid to be alive
Stock totally Broken, Need Carl to effect change! Look at this sickening price action today...Cannot even Rally on a up day after getting killed last 3
Jus ding by the comments here, I can only conclude most people here don't understand the slightest how capital markets work. In short, a company buying back stock when the stock is under values reduces float and is intended to return shareholder value, especially long term investors. With that said , the only people who would oppose the buy back of an under valued stock would be people who think the stock are over valued, and people who wants to short the stock. And that is why the instant you heard the stupid Apple board come out against Icahn, you saw the stock fall and short interest increase.
Icahn's plan is sound at 50 billion, I think at this price, it should be 75 billion.
In summary, if you believe in Apple and you think the stock is under valued now, there is no reason why you would oppose a stock buy back. But if you are a short or think the stock is over valued, you of course would not want a buy back.
All this noise about saving money to buy companies and worry about rating agencies are just beyond stupid.