Carl Icahn Posts Letter About Apple on Blog

The transcript discusses the need for Apple to increase the pace and magnitude of its share repurchases, as suggested by an investor. It highlights Apple's current valuation and the potential for selling buybacks via tender offers. The discussion also touches on Apple's excessive liquidity, with $133 billion in net cash, and the suggestion to use this cash to accelerate share repurchases.

What is the main suggestion made regarding Apple's share repurchases?

• To stop share repurchases altogether

• To maintain the current pace of share repurchases

• To increase the pace and magnitude of share repurchases

• To decrease the pace of share repurchases

What was the closing price of Apple shares mentioned in the transcript?

• $203.00

• $100.80

• $180.20

• $150.50

What financial strategy is suggested for Apple regarding buybacks?

• To issue new shares

• To increase dividends

• To consider selling buybacks via a tender offer

• To invest in new technology

What is the amount of net cash Apple has on its balance sheet?

• $150 billion

• $133 billion

• $200 billion

• $100 billion

What is the suggested use for Apple's excessive liquidity?

• To expand into new markets

• To invest in real estate

• To increase employee salaries

• To accelerate and increase the magnitude of share repurchases