Icahn: I wouldn't push Apple to buy Nuance
0. phoneArena 18 Nov 2013, 21:12 posted on
Former Greenmailer Carl Icahn, who owns $2 billion of Apple's shares, said on Mondy that he has no intention of pushing Apple to buy Nuance Communication. Nuance is known for its voice recognition software including the software that powers Apple's voice activated personal assistant, Siri. Talking at the Reuters Global Investment Outlook Summit on Monday, Icahn said that he would never "micromanage" and speak to Tim Cook about such a transaction...
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1. Reluctant_Human (Posts: 874; Member since: 28 Jun 2012)
Then after he dumps his shares, Apple's stock would drop again to its current level or lower. Apple would owe interest on the borrowed money and not have anything to show for it..
3. Finalflash (Posts: 2100; Member since: 23 Jul 2013)
Well, then Apple would have $150 billion in cash still with a 3% interest on that but earnings of about 20+ billion per quarter as it does now. So they'd still be filthy rich and getting richer, but just with some debt.
2. spectrums (Posts: 127; Member since: 14 Nov 2013)
Don't Buy, Cause He is Not In Up have Money :)
4. superduper (Posts: 151; Member since: 20 Oct 2013)
This guy is obsessed with making a profit for himself. He probably knows nothing about technology and only sees the $$$. It's none of his business what Apple does with its cash. Pushing up the share price to a temporary high (before it comes crashing down) is pretty dumb. I'd rather see Apple invest in its supply chain, as it is doing with the sapphire investments recently, or even just save its cash for the rainy day. But please ignore the technologically illiterate bullies.
5. W.P._Android_in_that_Order (Posts: 208; Member since: 15 Feb 2012)
First of all, @superduper I agree with you completely. Also, this is the first time that I have seen your screen name and I like it.