Bill Gross Blasts Carl Icahn Over Apple (AAPL) Moves
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PIMCO's Bill Gross just blasted Carl Icahn on twitter related to his overtures on Apple (NASDAQ: AAPL). Gross said Icahn should spend more time helping others, instead of himself.
"Icahn should leave #Apple alone & spend more time like Bill Gates," Gross said. "If #Icahn’s so smart, use it to help people not yourself."
The comments from Gross follow Icahn's letter to Apple CEO Tim Cook today, disclosing a raised position and a renewed push for a $150 billion stock buyback. Icahn said if the buyback is executed as proposed shares of Apple could be worth $1,250 in three years.
Reaction by traders to the comments from Gross have been utter dismay. "Pot meet Kettle," one trader said.
"Icahn should leave #Apple alone & spend more time like Bill Gates," Gross said. "If #Icahn’s so smart, use it to help people not yourself."
The comments from Gross follow Icahn's letter to Apple CEO Tim Cook today, disclosing a raised position and a renewed push for a $150 billion stock buyback. Icahn said if the buyback is executed as proposed shares of Apple could be worth $1,250 in three years.
Reaction by traders to the comments from Gross have been utter dismay. "Pot meet Kettle," one trader said.
Gross: Icahn should leave #Apple alone & spend more time like Bill Gates. If #Icahn’s so smart, use it to help people not yourself.
— PIMCO (@PIMCO) October 24, 2013
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