Apple analyst, Chris Caso, Susquehanna Financial Group, and Andrew Slimmon, Morgan Stanley, react to Carl Icahn's move on Apple and the tech giant's future products.
Billionaire Carl Icahn asked Apple to commence an immediate tender offer to the tune of $150 billion in a letter to Apple CEO Tim Cook on Thursday morning.
Buying back $150 billion worth of stock and ongoing innovation at Apple are not mutually exclusive, activist investor Carl Icahn says.
Take a look at some of Thursday midday movers:
While Apple CEO Tim Cook has been doing "a great job," the company's board of directors is not doing "an obvious thing" by increasing a stock buyback, activist investor Carl Icahn says.
If Apple doesn't do a buyback, Carl Icahn, Icahn Enterprises chairman, says he will test the waters on a "proxy fight." He thinks the stock is very "undervalued," and intends to up his stake in the company, which currently stands at $2.5 billion. CEO Tim Cook is doing "great job," he says, but it is derelict to not do a buyback. The activist investor also weighs in on Netflix and Herbalife.
Apple is undervalued and a massive buyback of shares is a "no brainer," billionaire investor Carl Icahn said on Thursday.
John Buckingham, AFAM, and David Rolfe, Apple shareholder, discuss Carl Icahn's suggestion to push Apple for a $150 billion buyback. I am in Icahn's camp on this one, says Rolfe.
Is Bill Gross picking a fight with Carl Icahn? The "Squawk on the Streets" crew discusses Bill Gross' tweet to the famed investor.
CNBC's David Faber reveals Carl Icahn is calling for an immediate tender offer for $150 billion worth of its stock at $525 per share.
CNBC's David Faber and Jim Cramer say it's extremely unlikely Apple will accept Carl Icahn's call for a tender offer.
"I think there's a lot of future value in Blackberry," John Sculley tells the Globe and Mail of Toronto.
U.S. stock index futures signaled a higher open on Thursday, with markets still boosted by raised hopes the Federal Reserve will not start tapering off its asset purchases until next year.
The stocks moving before the bell.
LG Electronics reported its lowest quarterly profit for 2013 as its mobile business slipped due to the cost of marketing its latest smartphone.
Stocks finished lower Wednesday, with the S&P 500 snapping a four-day streak of record highs, following weakness in global equities and a mixed bag of earnings reports.
A week ahead of the networking site's earnings, CEO Jeff Weiner announced a focus on mobile as a game-changer for its products.
Billionaire investor Carl Icahn has sent a letter to Apple CEO Tim Cook, making an unknown pledge, according to a source.
CNBC's Scott Wapner reports that Carl Icahn has sent a letter to Apple CEO Tim Cook in which he continues to press his case for a big stock buyback and offers to make some kind of "pledge" to the company.
CNBC contributor Ron Insana reacts to Carl Icahn's strong case for a big buyback at Apple.