Carl Icahn News: Leveraged Buyout, Nuance Communications Inc. (NUAN)’s Split Role & Apple Inc. (AAPL)

Editor’s Note: Related tickers: Nuance Communications Inc. (NASDAQ:NUAN), Biogen Idec Inc (NASDAQ:BIIB), Apple Inc. (NASDAQ:AAPL)

Analyst: Icahn may urge separation of CEO, chairman roles at Nuance (BizJournals)
While Carl Icahn’s team overseeing his investment in Nuance Communications Inc. (NASDAQ:NUAN) says they see a lot of promise in the future of voice recognition software, one analyst said the activist investor may try and split the role of CEO from that of chairman in the next two months. Icahn, who is known for getting involved in the oversight of companies in which he invests – including Biogen Idec Inc (NASDAQ:BIIB) in 2007 – bought a 9.3 percent stake in the Burlington, Mass. software company this spring, and has since upped it to 16 percent. The company recently enacted a so-called “poison pill” plan intended to make it harder for an outsider to take over the company, though it said it didn’t do so in response to any particular threat.

ICAHN CAPITAL Carl Icahn

Apple: Is Carl Icahn Acting Unethically? (TheStreet)
Pardon me while I reiterate two points I made Friday in Is Tim Cook Certifiably Inane? Refer to that article to see Carl Icahn’s Tweet about plans for dinner with Apple Inc. (NASDAQ:AAPL) CEO Tim Cook. At this dinner, according to Icahn, the billionaire will learn about the “magnitude” of Apple’s stock buyback. Tim Cook’s puppet strings have already been pulled — by Icahn and David Einhorn — now it’s just a question of how far he’s willing to go. This has nothing to do with Apple’s eventual success or failure. In my recent articles, I have rhetoricized the possibilities in that regard — along a crowded spectrum from positive to negative — six ways to Sunday. Make no mistake — Apple remains best in breed; whether or not it can stay that way nobody knows.

Carl Icahn meeting with Tim Cook to discuss AAPL share buyback (Tuaw)
Activist investor Carl Icahn made news a few weeks back when he announced, via a tweet, that he had bought a large position in Apple Inc. (NASDAQ:AAPL), which is now reported to be about US$1.5 billion worth of Apple stock. Immediately, Apple’s stock shot up and has been up ever since. But as an activist investor, Icahn never just buys stock hoping it will go up. He buys stock (and a lot of it) hoping to use his shares and knowledge to influence the direction of a company. Along those lines, Icahn has now tweeted that he has set up a dinner with Tim Cook in September:

Unlike Dell, Apple CEO may cozy up to Icahn (BizJournals)
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is doing something Michael Dell probably couldn’t fathom — he’s planning to have lunch with billionaire rogue investor Carl Icahn to talk about working on a deal together. Icahn — who goosed Apple Inc.’s stock by $12 billion earlier this month by disclosing his investment in the California-based company that plans to employ more than 6,000 people in Austin in the coming years —tweeted that Apple Inc. (NASDAQ:AAPL) CEO Tim Cook “believes in buyback” and is doing one. The two executives will discuss the magnitude of the buyback at a dinner to be held in September, Icahn said in this tweet: “Spoke to Tim.

How To Invest Like Carl Icahn (iStockAnalyst)
The leveraged buyout was one of the great financial inventions of the 1980s. Buying companies with little money down and stuffing them with debt before exiting with a massive gain turned millionaires into billionaires and forever changed the rules on the Street. Without the leveraged buyout, Carl Icahn would have never earned a reputation as one of the all-time great corporate raiders. Icahn, also a high-profile shareholder activist, has parlayed a highly disruptive and contrarian investment style to build a net worth over $20 billion, making him the 36th richest person in the world.

Executive Edge: SEC cooling-off period (CNBC)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!