The planned dinner between investor Carl Icahn and Apple CEO Tim Cook took place as scheduled last evening, and Icahn is reporting through Twitter that the dinner was “cordial” and that he pushed for Apple to bump its share buyback program up to US$150 billion.
Icahn believes that Apple’s share price is “extremely undervalued” and that the company should spend more of its cash to bolster it by purchasing more shares at the current price. The continued discussions between Icahn and Apple will most likely come after the next quarterly earnings call, which should happen sometime in the third week of October.
Carl Icahn reportedly pushed Tim Cook for $150B Apple share buyback originally appeared on TUAW – The Unofficial Apple Weblog on Tue, 01 Oct 2013 16:30:00 EST. Please see our terms for use of feeds.