John Paczkowski

Recent Posts by John Paczkowski

Carl Icahn Talking Up Apple Again

icahn-thinking-of-cookBillionaire investor Carl Icahn expanded his position in Apple Wednesday, taking advantage of a post-iPhone event slide that dragged the company’s stock down more that 5 percent.

In an interview with CNBC, Icahn said he bought “quite a bit” of Apple stock today, describing his decision to do so as an easy one. “We look at the markets and look for no brainers and I think Apple is just a no brainer,” Icahn said. “… It’s just extremely cheap.”

Which is pretty much what Icahn has been saying for weeks now, ever since he announced via Twitter that he has taken a “large position” in Apple, and believes the company to be “extremely undervalued.” His theory: Apple’s stock could rise as high as $700 if it buys back shares now by borrowing $150 billion at a 3 percent interest rate to fund the purchase. “If Apple does this now and earnings increase at only 10 percent, the stock — even keeping the same multiple currently — should trade at $700 a share,” he said last month.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik