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Amazon could take on the PS4, Xbox One, and Apple TV all at once with an Android-based game console
2014-02-11 16:45:42| Extremetech
Hot off the heels of the Xbox One and PS4 launches, Amazon is rumored to be releasing its first console later this year, and it will likely sell for under $300. With an incredibly low entry price, an existing content ecosystem, and a recent high-profile developer acquisition, Amazon is primed to take on Microsoft and Sony head-on.
Icahn says 'I can't' and stops $50B fight over Apple stock buyback
2014-02-11 13:46:31| InfoWorld: Top News
Investment agitator and former corporate raider Carl Icahn today tossed in the towel in his fight to get Apple to boost its share buyback program by another $50 billion after an influential proxy advisory service nixed the idea. The white flag put an end to a months-long campaign by Icahn that some analysts said was at best a distraction to Apple, at worst trouble -- the kind with a capital "T."
Icahn backs off from Apple buyback plan
2014-02-10 22:33:00| Telecompaper Headlines
(Telecompaper) Investor Carl Icahn has abandoned his months-long campaign to get Apple to buy back additional portions of its stock, following news that a major advisory firm and investor would not offer support for the plan, reported CNN. In an open letter to Apple shareholders, Icahn said he agrees with ISS, an advisory firm, that Apple has already bought back a large amount of its stock, and there is not a need for more aggressive action. "While we are disappointed that last night ISS recommended against our proposal, we do not altogether disagree with their assessment," read the letter, which noted that Apple is on course to buy back USD 32 billion in shares during 2014, an amount that is USD 18 billion short of what Icahn was asking for. "In light of these actions, and ISS's recommendation, we see no reason to persist with our non-binding proposal, especially when the company is already so close to fulfilling our requested repurchase target," the letter said. New York City Comptroller, Scott Stringer, who controls investments in the city's pension plan and is a major investor in Apple, also disagrees with Icahn's buyback plan. Icahn has purchased more than USD 4 billion in Apple stock since summer 2013 and had been pushing the company to buy back additional stock and launch new products at a faster pace.
Tags: plan
apple
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buyback
Icahn abandons Apple share plan
2014-02-10 17:07:44| BBC News | Business | UK Edition
Activist investor Carl Icahn says he sees "no reason to persist" in his attempt to force Apple to return more money to shareholders.
Tags: plan
share
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abandons
Judge rebukes Apple for invoking nationalist bias but denies Samsung a retrial
2014-02-10 13:38:19| InfoWorld: Top News
A U.S. judge has denied Samsung's request for a retrial in a patent dispute with Apple, but she also chastised Apple's lawyers for making the Korean firm's "foreignness" an issue in closing remarks to the jury. The order from Judge Lucy Koh late Friday means a damages award against Samsung of $290 million still stands. But she clearly took issue with the way Apple summed up its case to the jury, saying it suggested an "American-versus-non-American theme."
Tags: samsung
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judge
bias
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