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Analysts Don’t Agree With Carl Icahn's Valuation Of Apple

Oct 10 2014 2:20pm CDT | Source: bidness etc

Carl Icahn made the headlines yesterday. His letter to Apple Inc.'s (AAPL) Tim Cook and the company's board encapsulated several important points, including his valuation of Apple stock at $203. However, sell-side analysts view his estimates as "rather optimistic." Steve Milunovich, analyst at UBS AG (UBS), notes that although Apple's stock is undervalued, an estimation of ...
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Netflix: Icahn Sees Apple UHD TVs As Upcoming Catalysts

Oct 9 2014 1:39pm CDT | Source: bidness etc

Carl Ichan recently said he backed Netflix, Inc. (NFLX) CEO Reed Hasting's view that Ultra HD TVs will be a major catalyst for the company in the future. Mr. Ichan is an investor widely known for his excellent predictions on tech stocks. Ichan, who still holds a significant stake in Netflix even after disposing off 421,000 shares earlier this year, is of the view that the era of pay-TV has aged and that time for innovations is ripe. He believes that the growth prospects in usage of ...
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Latest stories

Tom Hardy in talks for Suicide Squad
Tom Hardy in talks for Suicide Squad
Warner Bros. are reportedly in discussions with Tom Hardy, Ryan Gosling, Will Smith and Margot Robbie for lead roles in new DC Comics movie 'Suicide Squad'. | by Bang Showbiz
 
Robert Downey Jr. takes movie mementos
Robert Downey Jr. takes movie mementos
Robert Downey Jr. likes to take props from his film sets as mementos of the movies he has worked on. | by Bang Showbiz
 
16 killed in South Korea outdoor theatre accident
Seoul, Oct 17 (IANS) Sixteen people were killed and 10 others sustained injuries when a ventilation window at an outdoor theatre near Seoul, where a music concert was being held, collapsed Friday. | by IANS
 
 

“Dear Tim,” Writes Carl Icahn

Oct 9 2014 9:26am CDT | Source: bidness etc

Yesterday markets were aboil over the subject of a letter that Carl Icahn was supposed to send to Apple Inc. (AAPL) CEO Tim Cook. The wait is over as the letter is now available and provides a detailed analysis on Apple's growth and earnings potential. The underlying theme of the entire letter is to get Apple to increase and expedite its share buyback program. The letter requests Mr. Cook to present Icahn Enterprises with a plan to “make a tender offer, which would meaningfu ...
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Carl Icahn Looking To “Cook” Another Deal

Oct 9 2014 7:19am CDT | Source: bidness etc

Fresh from his victory of splitting PayPal from eBay Inc. (EBAY), activist investor Carl Icahn has set his sights on Apple Inc. (AAPL), as his next target. In a tweet yesterday, he announced his intention to write an open letter to Tim Cook today, which he believes “will be interesting.” Following Mr. Icahn’s tweet, Apple shareholders are abuzz with speculations over the subject matter of the letter.     Many are predicting that Mr. Icahn is looking to sell Nuance Communications Inc. (NUAN), ...
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Apple Inc. Says China Pre-Orders For iPhone 6 Start October 10

Sep 30 2014 7:46am CDT | Source: bidness etc

Apple Inc. (AAPL) is set to enter the Chinese market with the new iPhone 6 and iPhone 6 Plus. Today, Apple announced official dates for the availability of its new iPhones in the Chinese market. According to the announcement, new iterations of the iPhone series will be available for pre-orders on October 10 through Apple’s official website. Customers can order their iPhones at Apple retail shops on October 14, which can be picked up on October 17. The news comes right afte ...
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iPhone Black Market In China In Shambles

Sep 29 2014 11:13am CDT | Source: bidness etc

Apple Inc. (AAPL) released its "greatest iPhone ever" this month, said Tim Cook at the September 9 launch event. The phone did remarkably well with 4 million preorders and 10 million unit sales on the debut weekend, despite its limited release in Australia, Singapore, and New York, leading to upgrades from several sell-side analysts. However, Apple fumbled as it could not get the licenses required to sell the iPhone 6 models in China. Smugglers decided to enter the market to cash ...
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Apple Inc. Stock Falls Below $100; Here’s Why

Sep 25 2014 12:36pm CDT | Source: bidness etc

Apple Inc. (AAPL) stock, after maintaining its rally for more than a week, has finally hit bedrock. The stock lost more than 3.5% in trading today, going below the $98 mark. Last week, the company had faced unprecedented demand for its new smartphones, with over 4 million preorders. Apple sold over 10 million units of the iPhone 6 and the iPhone 6 Plus on the first weekend following their availability. While CEO Tim Cook had termed the September 9 laun ...
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Apple Inc.‘s Troubles Weigh In On Shares

Sep 25 2014 11:12am CDT | Source: bidness etc

Apple Inc.’s (AAPL) iPhone 6 and iPhone 6 Plus, dubbed as the company’s best phone lineup to date by Tim Cook, are in trouble. The phones had witnessed massive demand in their debut weekend. But the market is now dominated by reviews on a major design flaw, which is expected to hamper sales growth. Apple has been striving to make its smartphones thinner and sleeker than ever, and simultaneously move into the large-scre ...
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