Apple Explains Why Icahn’s Buyback Proposal Should Be Shot Down

“The company is one of the largest dividend payers in the world and has the largest share repurchase authorization in history.”
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QOTD: Open Up the Vault, Tim

Apple is not a bank.

Billionaire investor Carl Icahn, who has filed a shareholder proposal calling for Apple to buy back its own shares on the public market

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Take-Two Buys Back Stake From Icahn Group

Take-Two Interactive Software Inc. said it would buy back the 12 million shares in the videogame maker held by activist investor Carl Icahn’s firm.

Apple’s No BlackBerry, Says David Einhorn

But it still scores a ā€œCā€ for its capital allocation program.
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News Byte

Yahoo Increases Share Buyback Plan to $5 Billion and Announces Debt Deal

Yahoo’s board, which just met, has increased its share buyback authorization by $5 billion, a move which should keep its already Alibaba-lifted stock in place for the short term. The Silicon Valley Internet giant also said it was doing a $1 billion debt offering of convertible senior notes and that it intends to use the money for things like stock buybacks and possible acquisitions. Yahoo has been aggressively purchasing its own stock under the tenure of CEO Marissa Mayer.

Icahn to Apple: I Want a $150 Billion Buyback NOW

“In my opinion, any further delay in executing the buyback we hereby propose will reflect [a] lack of expertise on the board.ā€
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Warren Buffett Thinks Apple’s Share Buyback Is Just Fine as It Is

Not a fan of Carl Icahn’s proposal.
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Icahn Pledges to Continue Bugging Apple CEO

“I can promise you that I’m not going away until they hear a lot more from me concerning this.”
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Icahn Asks Apple CEO for $150 Billion Share Buyback Over Dinner

Activist investor Carl Icahn’s dinner with Tim Cook could end up costing Apple $150 billion.
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AllThingsD Week in Review: iPhone Overload, YouTube Offline and the Future of AllThingsD

The Top 10 stories that powered AllThingsD this week, in one convenient post.
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