Articles about Carl Icahn

Man in a suit drinking tea out doors reading from his tablet

Warren Buffett picks Apple

Apple’s Wall St fortunes have received a boost from veteran investor Warren Buffett. His Berkshire Hathaway took a 9.8-million-share stake in the firm at the start of the year, news that boosted Apple's stock two per cent before trading on Monday. Buffett traditionally limited his exposure to tech stocks – he holds an 8.59 per …
Gavin Clarke, 16 May 2016
iPhone 6S colors

Carl Icahn: Will someone rid my portfolio of this rotten Apple?

Billionaire activist investor Carl Icahn has offloaded his Apple shares after the stock dropped below $100 a piece this week following the vendor's first sales slip in 13 years. The world's most valued tech company reported a 13 per cent drop in turnover to $50.6m for the three months ended 31 March, Apple's Q3 of fiscal '16 …
Katyanna Quach, 29 Apr 2016
Fiber optics

Verizon <3 XO xoxo: $1.8bn network gobbled

Verizon has agreed to purchase the fiber network branch of XO Communications for $1.8bn. The deal, which is set to be finalized early next year, will give Verizon control over XO's fiber and ethernet divisions, with an additional option to purchase XO's wireless spectrum holdings when Verizon's current lease with that business …
Shaun Nichols, 23 Feb 2016
Michael Dell. Pic by Joi Ito

When Michael Dell met Chris Mellor

Profile This is the way of it: you're sitting there, at a table in a general meeting room at the Dell World event in Austin, talking to a distant colleague about what happened to Don, did I know Liem had moved to such and such an office, when an ordinary-looking guy comes over and sits down at the same table, saying: "How's it going …
Chris Mellor, 26 Oct 2015
Nunslinger: The Complete Series

Dell buying EMC: Is this the end times, or the road to salvation?

Sysadmin Blog: Dell bought EMC. The internet promptly lost its mind. Make no mistake, the Dell-EMC merger is a pretty big deal. Everyone has news, thoughts and analysis on the subject. While I feel The Register's coverage has been pretty neutral so far, the internet at large has posted rather a lot of doom and gloom. The most common phrase …
Trevor Pott, 16 Oct 2015
TVs by Holly at Flickr, CC 2.0 license

Network negotiations nix 2015 Apple TV streaming

Fanbois hoping that Apple would disrupt the daylights out of television are, once again, going to have to wait to see what Cupertino thinks will make the idiot box sexy, with rights-holders proving the stumbling block. While Apple has long described its Apple TV device as a “hobby”, underneath that lies deadly intent – it wants …
Monty Python TV viewer

Apple threw its TV out the window after years of research: report

Apple spent ten years working on a television, but gave up last year after deciding it couldn't devise something that would crack the competitive market. So says The Wall Street Journal, which found folks familiar with the effort to explain that Cupertino tried to use tellies for video calls, to no avail. Does The Journal know …
Simon Sharwood, 19 May 2015
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast

Reg man has the cure for IBM storage: Just swallow 10 firms

Comment When you are walking on the Moon, far from home and Earth's tethering gravity then giant steps are what you take. When a product set becomes low or no-growth, then its tethering product gravity effect is weakened and you need to take giant steps to rebuild it ... which brings us to IBM. Witness its results. IBM's old certainties …
Chris Mellor, 21 Oct 2014
iPad Psycho image

Post-PC era? PAH! Apple says Macs OUTSOLD iPads in Q4

Peak tablet In case you'd forgotten that Apple is making money hand over fist, the company announced on Monday yet another record financial quarter – thanks to its iPhones and Macs, but no thanks to its iPads. The House that Steve Built said the fourth quarter of its 2014 financial year – ending September 27 – was its best ever Q4, as Mac …
Shaun Nichols, 21 Oct 2014
Blood image

SDI Wars: EMC must FORGET ARRAYS, adapt or disappear

Sysadmin blog Register storage supremo Chris Mellor has recently been reporting on EMC's slow descent into corporate depression due to a combination of activist investors and recalcitrant internecine political strife. There's nothing surprising here, I've been hearing the same things all across the EMC federation, though I've no inclination …
Trevor Pott, 20 Oct 2014

Breaking news: Man with Apple shares really wishes they were worth even more

Apple's $603,580,000,000 market cap – the largest ever in history – isn't big enough for Carl Icahn. The activist investor said Thursday that Apple is UNDERVALUED, and CEO Tim Cook should do more to massively increase the stock price. Icahn, who owns 53 million shares in Apple, thinks the $101 stock price is too low, and he has …
Shaun Nichols, 09 Oct 2014
Newton MessagePad 120 - logo

Brace yourself for a 12-inch Apple maxiPAD – probably... maybe... ish

Apple will summon its pet hacks to the Cupertino mothership this month for yet another orchestrated product unveiling. We're told the iGiant has sent out invites for a "special event" at the company's headquarters in California on October 16. It has not provided further details on the event, though the tagline "it's been way too …
Shaun Nichols, 08 Oct 2014
Regina Egbert, El Reg&#39;s virtual news anchor

Windows! Icahn! Taxes! It's all on Vulture Central's news round-up

Vid Youtube Video Get the week's top tech news delivered in eggspert-style by Vulture's news anchor Regina Eggbert. You can get more on the stories, including the lowdown on Windows 10, the EU's Apple tax probe and Carl Icahn's eBay victory, here, here and here. ® Regina Egbert, El Reg's virtual news anchor

Icahn and I DID: eBay volte-faces, spins PayPal into separate biz

eBay has spun off its PayPal subsidiary after months of telling “noisy” activist investor Carl Icahn to shut up about it because it would never happen. With absolutely no sense of irony or tip of the hat to Icahn whatsoever, the online tat bazaar’s chief John Donahoe said in a statement today that a strategic review of the …
Eve in the Garden of Eden talking to a rather angry God on Snapchat

So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL

Opinion It’s that time of year again, when Apple’s annual iPhone launch is looming and the mobile chattersphere becomes entirely dominated again by one handset maker. In 2007 and 2008, that was completely justified. Since then, there have been progressively fewer reasons to define the whole smartphone sector by Apple. New models have …
Wireless Watch, 25 Aug 2014

Bolshy investor takes another bite of Apple, ups stake to $4.4 BEEELLLION

Carl Icahn has now slurped more than 7.5 million Apple shares, raising his stake in the fruity firm to a whopping $4.4bn. According to a recent Securities and Exchange Commission filing, Carl the Conqueror bought 2.8 million shares worth almost $1.65bn during March. Apple stock is now worth $588.82. Big Carl is referred to as …
Jasper Hamill, 16 May 2014
Measuring up Apple

Will Apple's $130bn cash infusion keep investors onboard?

Analysis Apple may be cash-rich, but it's in a product-release quiet period – which may be why it's accelerating its efforts to return capital to its investors in the forms of steadily increasing dividends and a more aggressive stock-repurchase program, and will again "access the debt markets" to pull it off. You'd think that with $150 …
Rik Myslewski, 25 Apr 2014

Apple stuns world with rare SEVEN-way split: What does that mean?

Apple surprised Wall Street on Wednesday by announcing the most aggressive stock split in its history – and just a month after Google executed its first-ever split. The iPhone maker's seven-for-one split, due to take place on June 6, will see the fruity firm issue six new shares of common stock for each share currently in …
Neil McAllister, 24 Apr 2014

Icahn, but Iwont: Carl the investor pest ends war with eBay

Carl Icahn has finally made peace with eBay after withdrawing his call for the auction site to divorce from its partner Paypal. The meddlesome investor has spent the last few months rudely demanding the spin off of eBay's payment service and asking for two of his aides to be put on the firm's board. After a barrage of open …
Jasper Hamill, 11 Apr 2014

eBay boss tells workers to ignore 'noisy' Icahn's PayPal sale campaign

eBay chief John Donahoe has warned employees to ignore Carl Icahn's "noise" about the board and the proposed spin-off of PayPal. Icahn has been engaged in a fierce campaign to convince the online bazaar to spin off the payments firm and has levelled allegations that the board isn't fit to make the decision, claiming conflicts …
PayPal

eBay rejects Carl Icahn's board nominees as 'inexperienced'

eBay has rejected both of Carl Icahn's nominees for its board, saying they're not qualified for the job – and has urged its investors to do the same. The online marketplace said in a pre-annual general meeting filing that it had looked at the candidates proposed by the activist investor, who's agitating to get the firm to spin …

eBay stockholders! There's MORE to COME, thunders Carl Icahn

Activist investor Carl Icahn is continuing his campaign to get eBay to spin off PayPal, writing yet another letter to shareholders that said he hadn't even begun to fight to get his way. "Stockholders, please stay tuned. There is more to come – much more," Icahn threatened in his latest open letter (emphasis his own). The …

PayPal mudslingfest TELEVISED: Icahn and Donahoe go on telly

The fight between activist investor Carl Icahn and eBay over the fate of PayPal has hit the media, after Icahn claimed that he'd "never seen worse corporate governance" at another firm. Speaking to CNBC television, Icahn criticised the firm's governance policy and also said that eBay chief exec John Donahoe shouldn't have …

Speaking in Tech: Really... $19bn. For WhatsApp?

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, Greg, Eddie and Sarah are all together and chew the fat about Mobile World Congress, Carl Icahn's effect on business and THAT Facebook post which cost a family $80,000. Next week's episode will be recorded …
Team Register, 05 Mar 2014

Icahn and I will: Carl's war on eBay goes NUCLEAR over Skype

Carl Icahn has pressed the red button in his war on eBay and has demanded access to all its records documenting the sale of VoIP firm Skype. The irate investor has published another of his infamous open letters in which he savages eBay management, and board director Marc Andreessen in particular. Icahn wants to launch a full …
Jasper Hamill, 04 Mar 2014
Ebay logo outside of the company&#39;s HQ

PayPal row heats up as eBay chair calls Icahn claims 'false and misleading'

eBay chairman Pierre Omidyar has said activist investor Carl Icahn's comments about the firm are "false and misleading" as the row over the fate of PayPal heats up. In one of his notorious open letters to shareholders, Icahn accused eBay's board of having conflicts of interest that had affected its decision not to spin off …

Apple investor Icahn backs down on share buyback plan

Activist investor Carl Icahn has laid down his sword and given up the fight to persuade Apple to launch a $150bn share buyback. His surprise capitulation comes after influential proxy firm ISS advised investors to vote against Icahn's proposal for Apple to buy back its own – thus allowing shareholders to get their mitts on some …
Tim Cook

Tim Cook dangles 'new product categories' carrot over $14bn Apple share buyback

Tim Cook has embarked on a massive $14bn share buyback in a bid to calm the nerves of tetchy Apple shareholders. Shares dropped by eight per cent last week after Apple announced its quarterly results, which predicted a a slow down in revenue this quarter. To reassure investors like Carl Icahn, who wants Apple to launch a $50bn …
Jasper Hamill, 07 Feb 2014
Fawlty Towers

Apple cash stash dash results in Icahn v CalPERS bitchfight

Activist investor Carl Icahn has gone to war with the pensioners of California over his bid to get his grubby mitts on Apple's mammoth money pot. The moneyman wants Apple to launch a $50bn share buyback, which would give shareholders a profitable but brief payday. But the California Public Employees' Retirement System (CalPERS …
Jasper Hamill, 06 Feb 2014
Apple iPod Touch 5G

Apple declares war on PAYPAL: Pay-by-bonk + iTunes = profit, right?

Apple is planning to take on Paypal with its own mobile payment system, it has been claimed. According to a report in the Wall Street Journal, Eddy Cue, the man in charge of iTunes and the App Store, has been meeting with industry bigwigs to discuss using iDevices to handle payments for goods or service. It is understood that …
Jasper Hamill, 27 Jan 2014

Icahn slurps another $500m in Apple shares, demands buyback AGAIN

Activist investor Carl Icahn has yet again called on Apple to start scooping a few handfuls off its mountain of cash and handing it back to shareholders. His latest call came after he upped his stake in the fruity firm by a whopping $500m. The agitating stockholder tweeted that he'd upped his share of the fruity firm to $3.6bn …

Thanks for suggesting eBay should flog PayPal. It's not happening, CEO tells Carl Icahn

eBay has rejected a call from activist investor Carl Icahn to spin off its PayPal division into a separate company. John Donahoe, chief exec of the online marketplace, said that he had spoken with Icahn but the board and management believed that eBay and PayPal would do better if they stayed together. "The synergies are clear …

Glassholes, snapt**ts, #blabbergasms, selfies and PRISM: The Reg's review of 2013

Year in Review "Selfie" is the Oxford English Dictionary's word of the year. There's nothing new about a "selfie" - it's a self-portrait - but a perfect storm of social networks and smartphones has given popularity to a word and an act even world leaders feel it's OK to do on really serious occasions. In keeping with a long tradition here at …
Gavin Clarke, 31 Dec 2013

Icahn rallies the troops to pump Apple for cash at next shareholder meeting

Wall Street tycoon Carl Icahn hasn't given up on his quest to have Apple return some of its $150bn cash stockpile to investors, and he now wants Cupertino's shareholders to vote on the idea. Icahn has spent the last few months pestering Apple CEO Tim Cook to spend the company's cash reserves on a stock buyback program that …
Neil McAllister, 04 Dec 2013

Dell exec tells El Reg: Privatization has fired up 'world's largest startup'

SC13 There's a lot of business-building freedom to be gained by escaping the tyranny of the Wall Street moneymen and turning your company into "the world's largest startup," a Dell exec tells The Reg. When a company goes through a major transition as Dell has in its recent oh-so-public wrestling match with activist investor Carl …
Rik Myslewski, 26 Nov 2013

Carl Icahn: I don't want to fight with Tim... but I will

Investment guru Carl Icahn says he doesn't want to fight with the management of Apple, but he won't abandon his sizeable financial concern in the firm either. Icahn has been trying to get Apple to give some of its cash mountain to shareholders by buying back $150bn worth of shares and has been meeting with chief Tim Cook to …

Dell goes private: Stock ceases trading, now Big Mike's baby once again

It's official: Dell is now a private company. Founder Michael Dell and Silver Lake Partners have completed their acquisition of the firm in a deal valued at around $24.9bn. "Today, Dell enters an exciting new chapter as a private enterprise," Dell (the man) said in a canned statement. "Our 110,000 team members worldwide are …
Neil McAllister, 29 Oct 2013

Apple 'happy ending': BULGING iPhone WAD - but can it ever be enough?

Apple has reported its financial results for the fourth quarter of its fiscal 2013: its numbers handily outperformed the projections published by the Wall Street moneymen, though net income slipped from the same period last year. For the quarter, Apple's all-important earnings per share (EPS) came in at $8.26 on revenues of $ …
Rik Myslewski, 28 Oct 2013

Carl Icahn broadcasts his $150bn Apple shakedown effort to world+dog

Activist investor Carl Icahn has reiterated his recommendation to Apple CEO Tim Cook that Cupertino blow $150bn to buy back company stock, and this time he has shared his reasoning with world+dog. "We find it difficult to imagine why the board would not move more aggressively to buy back stock by immediately announcing a $150 …
Rik Myslewski, 24 Oct 2013
Netflix streaming service screenshot on Samsung

Icahn trousered $700m from Netflix stock sale?! Er, it would appear so

Billionaire investor Carl Icahn has cashed in on Netflix's good fortunes, bagging profits of between $700m and $800m by selling three million shares earlier this month. Icahn bought shares in the video streaming site just over a year ago for around $58 each and sold some of them yesterday for $341.44 per share, a 457 per cent …

Icahn to Cook: 'Buy back $150bn of Apple's stock, or tell me why you won't'

Fresh from his flopped attempt to prevent Dell from going private, activist investor Carl Icahn has turned his attention towards Apple, advising CEO Tim Cook to up his stock-buyback plan to a cool $150bn. Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in …
Rik Myslewski, 01 Oct 2013
michael_dell

Dell, the man, prevails in quest to wrest Dell, the company, from Wall Street

Analysis So that's done, then. Shareholders of IT giant Dell have approved a $24.9bn private takeover bid put together by company founder Michael Dell, Silver Lake Partners, and borrowed dough from Microsoft and a slew of banks. Now Wall Street will be off Dell's back as it tries to reorganize itself for the future of computing, …
Dell logo in crosshairs

Shareholders tell Mike 'Just Do It': Dell to go PRIVATE for $24.9bn

Dell shareholders have given the green light to Mickey D to take the company he founded nearly three decades ago private – again. Approval from investors was never really in doubt after activist investor Carl Icahn, who seems more interested in Apple, revealed that he and partner SAM had given up the ownership battle, clearing …
Paul Kunert, 12 Sep 2013
Dell logo in crosshairs

ICAHN'T with this guy: Activist investor gives up battle with Big Mike

Activist investor Carl Icahn has announced that he and his partner Southeastern Asset Management are giving up the fight to stop Michael Dell from taking the PC maker private. Icahn said in an open letter to shareholders that he still thought that Big Mike's $13.88 per share offer for the firm undervalued it, but had decided …

Shareholders' advisors back Big Mike's deal to take Dell private

Dell continues to insist that founder Big Mike's offer to take the firm private is what's best for it, announcing today that proxy advisory firms Institutional Shareholder Services (ISS), Glass Lewis and Egan Jones are all recommending it. “We are pleased that all three of the nation’s leading proxy advisory firms have …

Dell nemesis Icahn offers Apple's Tim Cook slap-up grub in share buy bid

Investor Carl Icahn - best known for trying to stop Mike Dell from taking Dell the company private - has applied more gentle pressure to Apple boss Tim Cook to get the chief exec to beef up the iPhone maker's share buyback. During the Nasdaq outage, Icahn tweeted that he'd been chatting to Cook and was planning a dinner with …
Dell logo in crosshairs

Court throws out Icahn's demand to stall Dell shareholder vote

Carl Icahn's quest to delay the shareholder vote on the future of Dell has been knocked back by a Delaware judge, who said there was no evidence that the company was acting improperly. "This court is not going to be dragged into a tactical game," Chancery Court Judge Leo Strine ruled on Friday. The Dell board had "acted in good …
Iain Thomson, 16 Aug 2013
Funnel of cash. Credit: via SXC &ndash; http://www.sxc.hu/profile/Leonardini

Big Mike heading for victory as SAM dumps HALF its Dell shares

One of Dell’s biggest shareholders has dumped almost half its holdings in Big Mike’s computer outfit. Southeastern Asset Management is reported to have sold 41 per cent of its Dell stock, reducing the value of its holdings to $949m. Southeastern had held 8.4 per cent of Dell, making it the biggest stockholder apart from Michael …
Gavin Clarke, 14 Aug 2013

Peak Apple? HOGWASH! Apple is 'extremely undervalued,' says Icahn

Ever one to keep multiple irons in the fire, corporate raider activist investor Carl Icahn has announced via Twitter that he has taken a major position in Apple, a stock he says he considers "extremely undervalued." Bloomberg reports that the billionaire's share of the fruity firm amounts to more than $1bn, which sources claim …
Neil McAllister, 14 Aug 2013
gavel_judgment_channel

Court hearing on Icahn's Dell buyout block set for Friday

Carl Icahn's attempt to get the courts to intervene speedily in Michael Dell's bid to take the firm private has been delayed until Friday. The Delaware Court of Chancery has scheduled a conference for Friday on Icahn's request for an expedited hearing in the case. The activist investor wants the court to stop Dell from …