Displaying items by tag: Carl Icahn

In what may be seen by Aussies as a Kangaroo court – or is that pandering too much – a Chinese court has ruled that a Chinese company can use the name IPHONE.

Carl Icahn, the multi-billionaire stock picker who in 2008 threatened to take over Yahoo and sack the board for not accepting a US$40 billion acquisition offer from Microsoft, is predicting that a global financial meltdown is imminent. What’s more market pundits are taking the warnings seriously.

Legendary US investor Carl Icahn, who owns a billion dollars’ worth of Apple shares, says the company should be worth twice what it is and wants CEO Tim Cook to give the go ahead to buy back US$100 billion worth of shares.

Tech titan Apple has signed off on a further US$30 billion share buyback until the end of 2015 and raised its quarterly dividend by 8% as shaky revenue growth continues to plague the company.

Michael Dell has finally got his way. Dell will go private, after a seven month battle with shareholders to get the deal approved.

Well-known investor Carl Icahn has acquired another four million shares in Dell, which is in the midst of a push by founder and largest shareholder Michael Dell to take the company private.

Facing defeat, founder Michael Dell has postponed a vote to privatise the company, a US$24.4 billion plan he proposed in February.

Founder Michael Dell’s plans to privatise the company are in trouble. There will be a shareholder vote tomorrow on whether the US$24.4 billion plan will proceed.