Seeking Alpha

Icahn sent letter to Tim Cook, reportedly makes "pledge"

  • Carl Icahn is at it again on Twitter: "Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders’ Square Table, which will be launched tomorrow."
  • CNBC's Scott Wapner reports the letter reiterates Icahn's call for a larger Apple (AAPL +0.9%) buyback (previous), and also features a "pledge" Icahn is willing to make to Cook.
  • The storied activist investor is also said to be interested in creating "a platform to get the rules changed in corporate America."
Comments (34)
  • wigit5
    , contributor
    Comments (3928) | Send Message
     
    oh goody hopefully it boosts the share price over 530!
    23 Oct 2013, 03:52 PM Reply Like
  • berniespear
    , contributor
    Comments (232) | Send Message
     
    goddamn I bet Tim is getting tired of Carl's butting in....
    23 Oct 2013, 03:55 PM Reply Like
  • financeminister
    , contributor
    Comments (609) | Send Message
     
    Tim will finally get so tired that he'll be like

     

    'I can't stand this guy... can't even eat dinner without this guy butting in his nose... and now he writes letters. What the heck, man..."

     

    *picks iphone*

     

    "Carl, I'm going back to being COO. Here... you be CEO. It's all yers!"
    23 Oct 2013, 05:11 PM Reply Like
  • Slayton Trading
    , contributor
    Comments (23) | Send Message
     
    Carl Ican is one of the smartest financial execs in the world. His advice toTim Cook is a good thing ab
    Ned not to be sneezed at.
    23 Oct 2013, 10:07 PM Reply Like
  • Arthur Fisher
    , contributor
    Comments (223) | Send Message
     
    How old is Icahn?
    23 Oct 2013, 04:01 PM Reply Like
  • redponydoc
    , contributor
    Comments (363) | Send Message
     
    Old enough to sleep by himself.
    23 Oct 2013, 04:03 PM Reply Like
  • Arthur Fisher
    , contributor
    Comments (223) | Send Message
     
    It's a parabola. He seems to be well past the top.
    23 Oct 2013, 04:38 PM Reply Like
  • 2puttwo
    , contributor
    Comments (390) | Send Message
     
    Old enough to know better!
    23 Oct 2013, 08:19 PM Reply Like
  • kimboslice
    , contributor
    Comments (1461) | Send Message
     
    iCahn is such a pain in the butt but he's only got 1% of shares of AAPL so let him talk to Oppenheimer.

     

    Why did iCahn send Cook a letter? Because Cook won't take his phone calls :)

     

    I may send Cook a letter too if I get around to it.
    23 Oct 2013, 04:04 PM Reply Like
  • Belegde Boterham
    , contributor
    Comments (41) | Send Message
     
    Lol - totally agree kimboslice!
    23 Oct 2013, 04:06 PM Reply Like
  • Maciej Kedzierski
    , contributor
    Comments (21) | Send Message
     
    I wonder if your letter will be posted on SA
    23 Oct 2013, 04:07 PM Reply Like
  • kimboslice
    , contributor
    Comments (1461) | Send Message
     
    Yeah, good idea I'll post it myself.

     

    I'll also post about my great investments in Blackberry, Microsoft, Nokia and how I'm using various shorting Apple strategies.

     

    Oh wait, that's another guy. Nevermind.
    23 Oct 2013, 04:25 PM Reply Like
  • DHawkey
    , contributor
    Comments (5) | Send Message
     
    Kimbo???
    Is this the same Kimbo From The Outkast Warriors?

     

    Das Mustang
    23 Oct 2013, 10:03 PM Reply Like
  • harrykutcher
    , contributor
    Comments (83) | Send Message
     
    i'm sure tim cook would like to hear from each shareholder......i'm sure that president obama would like to hear from every american....i'm glad that carl is so passionate about apple,me too...think i'll write a thank you to tim on a job well done
    23 Oct 2013, 04:10 PM Reply Like
  • financeminister
    , contributor
    Comments (609) | Send Message
     
    since all my letters go straight to the trash, I think what will finally work is for me to pesonally write a letter to Cook and sign off with Icahn's name.
    23 Oct 2013, 04:25 PM Reply Like
  • sgoldfisch
    , contributor
    Comments (7) | Send Message
     
    Icahn just made $800,000,000 on his Netflix holding. I wonder what the geniuses above made this week.
    23 Oct 2013, 04:34 PM Reply Like
  • wigit5
    , contributor
    Comments (3928) | Send Message
     
    not $800,000,000 lol what's funnier is the more they talk bad about him the more air time they are giving him... not that it amounts to much here on SA but the best way to get rid of a supposed 'troll' is to ignore them...

     

    Tim Cook unfortunately can only ignore him till he ups his stake to say 5-10% (if thats even possible for him...)
    23 Oct 2013, 04:38 PM Reply Like
  • Jack Baker
    , contributor
    Comments (886) | Send Message
     
    Exactly. I hope Uncle Carl makes the same percentage return on Apple in the same one year time frame that he made on Netflix.
    23 Oct 2013, 04:44 PM Reply Like
  • Keyser Smith Jones Soze
    , contributor
    Comments (97) | Send Message
     
    Yep. But I wish that people would not refer to Carl Icahn as "Uncle Carl". Unless you are his nephew.
    23 Oct 2013, 06:01 PM Reply Like
  • calikym
    , contributor
    Comments (226) | Send Message
     
    He's definitely got good taste (and knows a deal when he sees it). Of course I own APPL, iPod, iTouches, iPhones iPads, TV boxes, Apple network and ("phew") MacBooks. I also own the top notch companies supplying parts and building close partnerships with APPL.
    23 Oct 2013, 04:56 PM Reply Like
  • kimboslice
    , contributor
    Comments (1461) | Send Message
     
    Well I am pretty sure iCahn will make money on his AAPL shares which means I will continue to also.
    23 Oct 2013, 04:58 PM Reply Like
  • tjmxxx
    , contributor
    Comments (96) | Send Message
     
    Like him or hate him, you better learn to love him, because the man is an undeniable genius.
    23 Oct 2013, 05:40 PM Reply Like
  • efuji
    , contributor
    Comments (8) | Send Message
     
    Carl understands the financials, but probably almost nothing about the products and/or technology. Tim Cook's strategy seems right on, especially with regard to timing for the long term stock price management. He is trying to avoid boom and bust and holding out for a steady long term rise in the stock valuation. The timing of the DOCOMO deal was brilliant if a China Mobile deal can be announced for the end of 2013 or early 2014. Holding off on multiple screen sizes for the iPhone 6 until next year also seems like a good strategy. I suppose the public will be impressed with just a bigger screen, but that is technologically trivial and may wind up partly cannibalizing the iPad mini. Could there be a market for just a big screen that is connected to the small screen iPhone via bluetooth Could? such a device be relatively cheap? could there be a very small screen iPhone that had a retro flip phone form factor to be used with a bigger bluetooth screen? Such a bluetooth (or other wireless system) for a big high quality screen would cannibalize the tablets, but might be total cost attractive.
    23 Oct 2013, 06:00 PM Reply Like
  • efuji
    , contributor
    Comments (8) | Send Message
     
    Carl understands the financials, but probably almost nothing about the products and/or technology. Tim Cook's strategy seems right on, especially with regard to timing for the long term stock price management. He is trying to avoid boom and bust and holding out for a steady long term rise in the stock valuation. The timing of the DOCOMO deal was brilliant if a China Mobile deal can be announced for the end of 2013 or early 2014. Holding off on multiple screen sizes for the iPhone 6 until next year also seems like a good strategy. I suppose the public will be impressed with just a bigger screen, but that is technologically trivial and may wind up partly cannibalizing the iPad mini. Could there be a market for just a big screen that is connected to the small screen iPhone via bluetooth Could? such a device be relatively cheap? could there be a very small screen iPhone that had a retro flip phone form factor to be used with a bigger bluetooth screen? Such a bluetooth (or other wireless system) for a big high quality screen would cannibalize the tablets, but might be total cost attractive.
    23 Oct 2013, 06:00 PM Reply Like
  • wigit5
    , contributor
    Comments (3928) | Send Message
     
    Sounds like hes stretching out 'good news' as there isn't really anything long term that they are working on....
    23 Oct 2013, 06:01 PM Reply Like
  • Keyser Smith Jones Soze
    , contributor
    Comments (97) | Send Message
     
    One thing I like about Carl Icahn is his willingness to wage war on Boards of Directors. He really does know what he is talking about. For the most part they are a bunch of elitists who don't really know any more about running a company that the average mid-tier accountant. But they draw huge compensation. They rarely ever do what is in the best interest of stockholders. If stockholders were smart, they would always insist that no one who is not a stockholder advocate should ever be appointed to a board. Why would any shareholder want anyone who is not a shareholder advocate to sit on the board?
    23 Oct 2013, 06:01 PM Reply Like
  • Keyser Smith Jones Soze
    , contributor
    Comments (97) | Send Message
     
    One thing I like about Carl Icahn is his willingness to wage war on Boards of Directors. He really does know what he is talking about. For the most part they are a bunch of elitists who don't really know any more about running a company that the average mid-tier accountant. But they draw huge compensation. They rarely ever do what is in the best interest of stockholders. If stockholders were smart, they would always insist that no one who is not a stockholder advocate should ever be appointed to a board. Why would any shareholder want anyone who is not a shareholder advocate to sit on the board?
    23 Oct 2013, 06:01 PM Reply Like
  • Toastypro
    , contributor
    Comments (338) | Send Message
     
    Now, Carl has more dough to play with after selling Netflix, he can keep buying more shares now or wait until Apple's share price reaches $600. I think it is more beneficial he keeps on twitting that he is buying more to push the SP up to $800. But then again, he may be sending the letter to request another dinner date.
    23 Oct 2013, 06:09 PM Reply Like
  • C. Guivi
    , contributor
    Comments (127) | Send Message
     
    he's my friend...
    23 Oct 2013, 06:12 PM Reply Like
  • flabingo
    , contributor
    Comments (90) | Send Message
     
    It is called ocular evidence
    I went to the Apple store in the Vanity fair mall, in Santa Clara, which is about 6 miles from Cupertino today October 23. From 2 to 3 o'clock
    It is across the hall from the.Microsoft store which is 50% BIGGER
    There were seven people in the Microsoft store
    At the Apple store there were 47 customers, not counting the line outside that numbered 19. I was told there a line most everyday, since the launch
    The man at the transaction counter was buying 10 IPAd 2s
    You get the impression that the guidance will be very strong for the quarter ending December. And that does not include a China announcement
    The effect of Icahn has not been negative, but just imagine if Warren Buffet bought an equal amount.
    The short sellers would be wiped out on its way to 800
    23 Oct 2013, 09:08 PM Reply Like
  • nickysg
    , contributor
    Comments (480) | Send Message
     
    Icahn is such an arrogant man,who thinks that because he has a small (percentage-wise) share in Apple that he can tell the Apple board what to do.
    Cook must dread having to have boring meetings with this boring man.
    23 Oct 2013, 10:52 PM Reply Like
  • princessjasi
    , contributor
    Comments (2) | Send Message
     
    So sick of bloody Carl and his stupid tweets. Who cares about his stupid letters to santa aka Tim?
    24 Oct 2013, 12:01 AM Reply Like
  • flabingo
    , contributor
    Comments (90) | Send Message
     
    Carl Icahn has only advanced the idea that Apple has excess cash ,147 billion dollars, earning about 1% a year. And as opposed to most pundits ,he put up his money
    24 Oct 2013, 12:39 AM Reply Like
  • trfeeney
    , contributor
    Comment (1) | Send Message
     
    Like Cook, and other Apple investors, need Carl around to sell the stock off. Carl just tell him: "Trust me Tim".
    24 Oct 2013, 01:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|