Apple 2.0

Covering the business that Steve Jobs built

The Icahn effect: Round 3

January 22, 2014: 11:39 AM ET

He buys, he tweets, he cajoles, and the hearts of Apple traders skip a beat.

412124694227FORTUNE -- Three tweets so far today from Carl Icahn about Apple (AAPL):

  • 10:50 am: Since tweeting about our large position in $AAPL on Aug 13, when the stock was 468 per share, we've kept buying shares of this 'no brainer.'
  • 10:50 am: Having purchased $500 million more $AAPL shares in the last two weeks, our investment has crossed the $3 billion mark yesterday.
  • 10:51 amWe feel $APPL board is doing great disservice to shareholders by not having markedly increased its buyback. In-depth letter to follow soon.

See also: Apple's Tim Cook to billionaire Carl Icahn: Step aside 

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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