John Paczkowski

Recent Posts by John Paczkowski

Carl Icahn to Dine With Apple CEO Tim Cook in September

Carl Icahn has bought himself a dinner with Apple CEO Tim Cook.

The activist investor, who recently purchased a stake in Apple valued at more than $1.5 billion, said Thursday that he has arranged to meet with Cook next month. The topic of discussion: A share buyback.

“Spoke to Tim,” Icahn tweeted. “Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude.”

That’s an issue about which Icahn has strong opinions. He feels that 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 told Reuters last week.

Apple shares have risen about 10 percent this month, a significant portion of that rise following the disclosure of Icahn’s Apple stake. At $503.24, Apple shares are up .21 percent as I write this.

Apple declined comment on Icahn’s latest tweet.

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

Latest Video

View all videos »

Search »

Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus