Carl Icahn Tweets about Tim Cook to Promote New Website

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Carl IcahnCarl Icahn

Carl Icahn let the world know that he sent a letter to Tim Cook, and oh yeah, he just happened to also mention that the contents of that letter will be revealed on Thursday (tomorrow) on a brand new site he's launching that same day. That's pretty clever, if you're into that sort of thing.

Mr. Icahn is an Apple bull who disclosed earlier this year that he has taken a major position in the company. He has been quite vocal in his belief that shares in the company are undervalued, and he has been exerting public and private pressure on Apple CEO Tim Cook to get even more aggressive about stock buybacks.

CNBC reported that an unnamed source said the letter contained an unspecified "pledge," as well as another effort to make what CNBC called a strong case for a big buyback.

The way these things worked, that source is almost definitely someone who works for Mr. Icahn, and I'd bet dollars to donuts that person was tasked by Mr. Icahn to fill CNBC in on this (not at all) mysterious letter. Please note that this is speculation on my part.

So anyway, here's the tweet:

On the one hand, Carl Icahn has enough money and enough history that him sending a letter to the CEO of a major corporation in which he is a major shareholder is a newsworthy event. To that end, I respect Mr. Icahn's track record as an investor.

I should add that I also think Apple is undervalued, plus I own enough Apple stock to be less than a rounding error on a rounding error in Mr. Icahn's investing circles.

On the other, come on, this is a blatant publicity ploy for his new site—WHICH WILL BE LAUNCHED TOMORROW JUST FYI AND I THOUGHT I'D MENTION IT 'CUZ I THOUGHT YOU'D WANT TO KNOW.

That said, I'll be interested to see his "pledge." My guess is that it will be a pledge to hold Apple's stock for X period of time, but again, that's just speculation on my part. We can find out Thursday on Mr. Icahn's conveniently launched new site.

Comments

MacFrogger

Er…ah - so I have to ask Bryan.  Why then promote Hucksterberry P. Hound new website by writing about it? (The “P”, of course, stands for Publicity.)  Just ignore him, and let all those other lesser sites report what he thinks, or Trump’s quixotic quests for birth certificates, or Kardashboardian attempts to do whatever it is they do (I’m still not sure). 

After yesterday, I guess its a slow news day for Apple.  smile

craigf

My open letter to Carl Icahn:

Dear Carl,
I own a reasonably large holding of Apple shares for a non self-important non-billionaire and you are the single thing that gives me any concern regarding Apple’s future.
Keep your grubby hands off Apple’s cash and go pick on a company that isn’t far-sighted and competently managed.
You can be sure Apple’s board will have my proxy.
Disrespectfully,
craigf

Winski

As has been our answer to EVERY GREEDY DROOLING RETHUGLICON that’s come before ....

YOU GET NOTHING….

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