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Monday, Sep 9
Icahn hasn't sold any Netflix shares, talks up Nuance's prospects
- Fresh off abandoning a doomed Dell proxy fight, Carl Icahn states on CNBC (video) he still hasn't sold any Netflix (NFLX +1.2%) shares. Netflix, which made new highs on Friday, is up over 4x since Icahn disclosed a position in the streaming giant last fall.
- Icahn refused to comment on whether he'd like Apple to acquire Nuance (NUAN +1.3%) (Apple might not care much for his advice regardless), but did take the occasion to declare the voice recognition software/services firm (16.9% stake) has a lot of upside thanks to its healthcare exposure.
- Nuance shares have ticked higher thanks to Icahn's comments. The company's healthcare ops (55% of op. profit) have been performing better than its flashier mobile/consumer ops, which are contending with soft PC sales and a transition to subscription/cloud services revenue streams. There's some speculation Icahn will call for a breakup of Nuance along business lines.
- More on Icahn/Netflix
- More on Icahn/Nuance