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No matter how good the Wall Street analyst are in predicting where the stock market is going, it remains completely unpredictable. Apple’s shares are typically up on product announcement and earnings surprises, not exactly on rumours or speculation. Nonetheless, a single tweet from Carl Icahn, a well-known investor, has sent Apple’s stock to rally as he spurred speculation about new products and their potential effect on the company’s earnings and capitalization.

“We currently have a large position in Apple. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come,” said Carl Icachn in a post over Twitter network.

Apple closed at $489.55, meaning its market capitalization increased $12.5 billion from the time of Icahn’s initial tweet, reports The Exchange, a Yahoo! Financial blog.

It is noteworthy that the tweet came a day after Larry Ellison, the founder and chief executive of Oracle as well as a good friend of Steve Jobs, said that the latter is irreplaceable and Apple will inevitably come down without its legendary chief executive.

Moreover, on Monday Icahn Enterprises disclosed that “the information that Mr. Icahn posts on Twitter (which may include information regarding companies in which we and/or Mr. Icahn have or may be contemplating an investment position) could be deemed to be material information”.

While a comment made by an esteemed investor, such as Carl Icahn, seems to carry value, a more important thing is what made him to issue his point of view. As it appears, the conversation with Tim Cook improved confidence of Mr. Icahn in Apple. Theoretically, this means that Mr. Cook might have disclosed certain plans to the investor, which were impressive enough to make Mr. Icahn to post a $12.5 billion-worth tweet.

Later this year Apple is expected to introduce two new iPhone smartphones, one aimed at premium and another designed for mainstream market segment; release at least two new iPad media tablets, one full-sized and another one with 7.9” display; start to sell all-new Mac Pro desktop; unleash displays with 4K resolution (or retina-class displays) and release two new operating systems.

Apple did not comment on the news-story.

Tags: Apple, iPad, iPhone, iPod, Mac, Mac OS, iOS, Business

Discussion

Comments currently: 12
Discussion started: 08/14/13 07:42:27 AM
Latest comment: 08/21/13 01:10:20 PM
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[1-6]

1. 
Icahn inflate share prices.
3 1 [Posted by: linuxlowdown  | Date: 08/14/13 07:42:27 AM]
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- collapse thread

 
Yup you know the old proverb When money talks bullshit walks. Same is with stocks and new dumb tech providing stupid people with more money. Rotten Fruit is overpriced just as their products yet still there's demand of stupid people that just wait to plug into that junk.

And wait why this junk is considered a news? Who is Caro Scratchy?
0 0 [Posted by: OmegaHuman  | Date: 08/21/13 01:02:16 PM]
Reply
 
Yup you know the old proverb When money talks bullshit walks. Same is with stocks and new dumb tech providing stupid people with more money. Rotten Fruit is overpriced just as their products yet still there's demand of stupid people that just wait to plug into that junk.

And wait why this junk is considered a news? Who is Caro Scratchy?
0 0 [Posted by: OmegaHuman  | Date: 08/21/13 01:03:01 PM]
Reply

2. 
Icahn buys. Tweets. Everyone thinks he knows something special. Everyone overpays for shares. Icahn sells at a premium. Stock prices drop like a bomb. Icahn is in the midst of suckering piles of money from shareholders.
3 0 [Posted by: distinctively  | Date: 08/14/13 01:26:15 PM]
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- collapse thread

 
Aaargh. I just found who above named Scratch is. Jet another dumb arse vacuum cleaner to empty peoples pockets.

I guesstimate this WannabeNyuz is promotional material for tweeter to raise their shares also. Still no shares? I guess Scratcher is also Tweets venture sugar daddy.
0 0 [Posted by: OmegaHuman  | Date: 08/21/13 01:04:19 PM]
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3. 
Insider trading @ its best......except the big players are never prosecuted
2 1 [Posted by: alpha0ne  | Date: 08/15/13 12:49:19 AM]
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- collapse thread

 
Even his company stated it's possibly insider trading!?Luckily he and Obama aren't on the greatest terms, so perhaps there will be a (politically motivated) inquiry into Icahn, but not Cook, who would be just as guilty.
0 0 [Posted by: basroil  | Date: 08/16/13 01:29:47 AM]
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4. 
Apple Is Greatly Overvalued, Promising nothing is the truth.
5 1 [Posted by: tks  | Date: 08/15/13 09:30:35 AM]
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- collapse thread

 
There's no truth in rotten fruit.

At least their logo doesn't lie.
0 0 [Posted by: OmegaHuman  | Date: 08/21/13 01:08:02 PM]
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5. 
" Theoretically, this means that Mr. Cook might have disclosed certain plans to the investor, which were impressive enough to make Mr. Icahn to post a $12.5 billion-worth tweet." Theoretically that is called insider trading and market manipulation both which can carry multi-billion dollar fines and lengthy prison times. Not just Icahn either, Cook too. If Cook is found guilty of insider trading, we can kiss Apple goodby.
2 0 [Posted by: basroil  | Date: 08/16/13 01:22:11 AM]
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6. 
Meanwhile, Apple is planing to release some plastic junk 2nd hand iPhones, while releasing another flat iPhone 4 like. Seriously, what happened with this company in the last 4 years?!?
Steve Jobs must twist in his grave.
0 0 [Posted by: TAViX  | Date: 08/17/13 02:55:32 AM]
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- collapse thread

 
What happened, seriously? FYI. There's bunch of idiot supporters still buying their overpriced fog so they don't need to worry. There's nothing new in rotten corporation.
0 0 [Posted by: OmegaHuman  | Date: 08/21/13 01:10:20 PM]
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