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back to article Bolshy investor takes another bite of Apple, ups stake to $4.4 BEEELLLION

Carl Icahn has now slurped more than 7.5 million Apple shares, raising his stake in the fruity firm to a whopping $4.4bn. According to a recent Securities and Exchange Commission filing, Carl the Conqueror bought 2.8 million shares worth almost $1.65bn during March. Apple stock is now worth $588.82. Big Carl is referred to as …

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  1. Sir Barry

    iCahneatApple?

    This predator should be banned from the business world, he has no interest in a company, just how much money he can take out of them. This is stifling growth and possibly, innovation, he should start a patent troll firm, I'm sure he would do very well at that.

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    1. Anonymous Coward
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      Anonymous Coward

      As much as I hate iCanHazSharez and the way he goes about things I have to ask what world you live in? and do they do timeshares cause it sounds like paradise?

      A business, ANY business, is there purely to make money as their primary objective. Even these none profits are there to make money, if they don't they go bust and their cause gets no help at all. When a company makes an IPO they are asking for investment in them and the shares that are bought after that go towards the bottom line at the current share price and the ONLY reason people invest in any company is to make money, otherwise there would be no point in giving them the cash in the first place.

      Far from stifling growth and innovation it is actually the complete opposite. He has given Apple $4.4Billion to do with what they please, which, if anything, only encourages growth and gives them an additional cash injection that can be spent in their R&D department or on toner for the patent application printer.

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      1. Mark 85
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        A slight hole in your argument (a good argument none-the-less) Did Icahn buy shares directly from Apple via IPO? Or via the stock market? If via the stock market, Appe got zilch of that. Once the shares leave Apple's hands, they make no money from the shares.

        Given his history of breaking up companies and selling off the assets, robbing the pension funds, etc. one has to wonder what his intentions are with Apple.

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        1. GreggS
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          Aren't his intentions clear?

          To make as much money for Carl Icahn as possible and to damn with anybody else.

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        2. Anonymous Coward
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          Anonymous Coward

          @Mark 85

          Given his history of breaking up companies and selling off the assets, robbing the pension funds, etc. one has to wonder what his intentions are with Apple.

          It doesn't really matter what his intentions are with Apple, since even with his latest investment he owns less than 1% of the company. He has a louder voice than most, but that's due to his reputation. After all, Laurene Powell Jobs owns a high percentage than Icahn, and presumably has some opinions about how the company should be run. But she's not going to the press like a crying baby if the big mean board won't do what she wants.

          He can want whatever he wants, but he can't force the company to do anything unless he gets 49%+ of other shareholders to agree with him.

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      2. User McUser
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        the ONLY reason people invest in any company is to make money, otherwise there would be no point in giving them the cash in the first place

        Never heard of "Socially Responsible Investing" I take it?

        And besides that, since shareholders literally own the company, *if one has enough votes* one could force a company to do pretty much anything one wanted. Usually however, what the majority of the shareholders want is more money so it doesn't happen very often. (Hint: This is why Carl has so many shares - so he can make demands and have the votes to back it up.)

        He has given Apple $4.4Billion to do with what they please

        No, no he hasn't. You do know how the stock market works, right? Once the IPO is done, the shares you buy come from other shareholders selling theirs, NOT the company (unless they issue new stock or they held back IPO shares for some reason.)

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      3. Mitoo Bobsworth
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        Trollface

        @ A.C. - Interesting Justification.

        Hi, Carl.

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  2. Anonymous Coward
    Anonymous Coward

    iCahneatApple?

    This predator should be banned from the business world, he has no interest in a company, just how much money he can take out of them.

    Floating on the stock market is far from risk free. These companies know the risks when they float that someone like him can come along with only his intentions at heart

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  3. Anonymous Coward
    Anonymous Coward

    I can see that festering bite mark on the Apple logo getting larger. After a while it won't like an apple.

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