Wednesday, 14 August 2013

Icahn Says He Has Large Stake in Apple.


In their battle against a proposed acquisition of Dell, Mr. Icahn has found a technology giant he likes, announcing via Twitter that has a position of "large" in Apple shares.

His two tweets on Tuesday afternoon - only 11 and 12 since joining the social media platform in late June - sent Apple shares increased. In late trading, the share price rose more than 4 percent, to $ 487.90


The latest revelation comes a day after Icahn Enterprises said it would begin making announcements via Twitter, as part of a new procedure for submitting Securities and Exchange Commission has been created to allow companies to publish advertisements through social media.

Icahn is not the first hedge fund manager to pressure Apple to do something with her ​​large pile of cash. Earlier this year David Einhorn of Greenlight Capital Apple accused of cash "hoarding" in a move that eventually led to the advertising technology company to $ 100 billion inshare repurchases and dividends.

Steve Dowling, an Apple representative said: "We appreciate the interest and investment of our shareholders. Tim had a very positive conversation with Mr. Icahn today" ....

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