Seeking Alpha

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
Comments (5)
  • Of course he would like AAPL to buy NUAN.

     

    $$$
    9 Sep 2013, 03:01 PM Reply Like
  • Hasn't sold SHARES, but I bet he's bought plenty of puts and/or sold calls.

     

    Plenty of ways to synthetically sell or short without actually "lying".

     

    Why don't the journalists probe deeper?
    9 Sep 2013, 04:50 PM Reply Like
  • And with all of the desperate short-sellers out there saying ANYTHING they can think of to sink the Netflix price, who can blame Mr Icahn if he did actually bought puts and/or sold calls as a kind of insurance?
    10 Sep 2013, 11:30 AM Reply Like
  • I certainly don't blame him for pulling back on his position (or even going short) -- he would be stupid not to take some money off the table: Paper gains are worth nothing should something unexpected occur.

     

    I blame him for not REVEALING this and misleading interviewers with his "hasn't sold any shares" quote. It's BS.
    11 Sep 2013, 03:18 PM Reply Like
  • Point taken.

     

    And members of the press, can one of you pose this options question to the venerable Mr Icahn at the next opportunity?
    11 Sep 2013, 04:14 PM Reply Like
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