Apple at $532: Look whose price targets are underwater now
Microsoft fires back at Apple: iWork is 'watered down,' and the iPad isn't a 'work' machine
With Leadership Like This, Microsoft Is Doomed
Hands on with Apple's new Intel Xeon E5, dual AMD FirePro equipped Mac Pro
Carl Icahn ups his stake in Apple to $2.5 billion
...It is our belief that a company's board has a responsibility to recognize opportunities to increase shareholder value, which includes allocating capital to execute large and well-timed buybacks. Apple's Board of Directors does not currently include an individual with a track record as an investment professional. In my opinion, any further delay in executing the buyback we hereby propose will reflect this lack of expertise on the board. My firm's success and my expertise as an investor would be difficult for anyone to argue. Per my investment thesis, commencing this buyback immediately would ultimately result in further stock appreciation of 140% for the shareholders who choose not to sell into the proposed tender offer. Furthermore, to invalidate any possible criticism that I would not stand by this thesis in terms of its long term benefit to shareholders, I hereby agree to withhold my shares from the proposed $150 Billion tender offer. There is nothing short term about my intentions here.
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