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Oct 24, 2013

Icahn raises stake in Apple, criticized by PIMCO’s Gross

By Jennifer Ablan and Poornima Gupta

(Reuters) – “Bond King” Bill Gross, co-chief investment officer of PIMCO, butted heads on Thursday with billionaire investor Carl Icahn, telling Icahn to leave Apple Inc alone after he again urged the iPhone maker to initiate a tender offer to buy back $150 billion of its shares.

Icahn, meanwhile, revealed in a letter to Apple Chief Executive Tim Cook, made public on Thursday, that he had increased his stake by about 22 percent to just over 4.7 million shares since dining privately with Cook in September – underscoring his belief that the stock is undervalued.

Oct 24, 2013
Oct 23, 2013

Apple unveils iPad Air, new Macs for holidays

SAN FRANCISCO (Reuters) – Apple Inc on Tuesday offered free upgrades for life on its operating system and business software, and unveiled thinner iPads and faster Mac computers ahead of a competitive holiday shopping season.

The debut of the one-pound iPad Air and MacBook Pro with sharper ‘retina’ display repeats a pattern of recent launches with improvements in existing lines rather than totally new products, and Apple shares fell 0.3 percent for the day.

Oct 22, 2013
Oct 22, 2013
Oct 22, 2013

Apple gives away Mac software, unveils iPad Air

SAN FRANCISCO, Oct 22 (Reuters) – Apple Inc will
give away its Macintosh operating software for free starting
Tuesday, a move aimed at challenging Microsoft Corp’s
stranglehold on personal computing systems.

Apple announced the surprise offer, which will be available
to all users of Apple MacBooks and Mac computers, at a product
event on Tuesday at which it also unveiled a new range Mac
computers, including a new Mac Pro.

Oct 22, 2013
Oct 22, 2013
Oct 22, 2013
Oct 22, 2013
    • About Poornima

      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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