4 Tech Stock Stories Ready for a Midweek Download
Apple Inc. (NASDAQ:AAPL): Closing price $489.71
Chief Executive and Editor in Chief Henry Blodget of Business Insider remarked on Wednesday that Apple Chief Executive Tim Cook should ignore the activist investor Carl Icahn’s demands for the company to increase its share repurchases. Blodget commented that, “All I can say is as a fellow Apple shareholder, I hope Apple tells Carl Icahn to stuff it. And I say that as a big fan of Carl Icahn, but enough about this financial engineering. Apple should stay focused on making great products. The stock will take care of itself.” Blodget’s remarks were a day after Icahn said that he had pressed Apple’s CEO for a $150-billion share buyback during a dinner in New York.