$18 billion earnings has Icahn biting tongue on Apple

Written By Unknown on Kamis, 29 Januari 2015 | 10.46

Carl Icahn is still prodding Apple CEO Tim Cook — but he's doing it more gently now.

"I don't want to go into my discussions with Tim — we think very highly of Tim," the hard-charging billionaire said in a TV interview Wednesday.

The tempered criticism comes one day after Apple easily beat Wall Street forecasts for fourth-quarter profit and revenue — making any hard attack impossible.

In fact, Icahn — who was much harsher on Cook 15 months ago, pressing the CEO publicly to buy back $100 million of stock — was relatively laudatory about Apple on Wednesday.

The Cupertino, Calif., company is one of the best buys in decades, Icahn told CNBC.

"The only criticism we have, if you can call it that, is the fact that they don't do a bigger buyback," said Icahn who, with 52 million shares of Apple, is one of the company's largest shareholders.

Apple shares, which surged 6.2 percent Wednesday to close at $115.88, are still trading at nine times earnings — half of the S&P 500 Index, Icahn noted.


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