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Carl Icahn Plugs Apple Again
Posted by: Holly LaFon (IP Logged)
Date: February 7, 2014 03:32PM
First, Icahn vouched for the continued creative fertility of the company, telling his Twitter followers:
“Tim Cook again confirms $AAPL will launch new products in new categories (plural) this year. Wall Street apparently still not listening.”
Analysts have predicted launch dates for several anticipated new Apple products, such as the iWatch and Apple television, only to see the dates come and go with no announcements. This time, Icahn is referring to statements Cook made in the Wall Street Journal yesterday regarding products in new categories.
"There will be new categories. We're not ready to talk about it, but we're working on some really great stuff,” Cook told the journal.
Icahn went on to illustrate the value he sees in Apple by comparing its valuation to that of Google (GOOG).
Apple shares have declined 7% so far this year, and rose 1.45% today, after Cook’s interview, to $519.95 a share. In the tweet, Icahn also refers to Cook’s share buybacks of the past two weeks, in which he spent $14 billion, according to the interview.
Finally, Icahn implied he has also been picking up more shares, retweeting Jim Cramer:
At most recent available count, Icahn holds 3,875,063 Apple shares which he purchased in the third quarter. His fourth quarter portfolio with updated Apple numbers should be out in several days.
Guru Discussed: Carl Icahn: Current Portfolio, Stock Picks
Stocks Discussed: AAPL, GOOG,