Tuesday, August 20, 2013

Is the iPad Era Already Drawing to a Close?...

Is the iPad Era Already Drawing to a Close? http://bit.ly/14OQdfc

When it comes to Apple, hope and pessimism spring eternal. Just ask the accidentally dueling billionaires Carl Icahn and Larry Ellison.

Oracle co-founder and CEO Ellison, in a interview with Charlie Rose that aired on “CBS This Morning” last Tuesday, predicted that, as the Los Angeles Times summed up in a headline, “Apple is doomed without Steve Jobs.” He conveyed his feelings in a sort of real-time infographic: “We saw Apple with Steve Jobs,” Ellison said while raising his finger. “Now, we’re gonna see Apple without Steve Jobs,” he added while dropping his finger.

Later that same day, perhaps not coincidentally, mega investor Carl Icahn (aka the most notorious corporate raider of the ’80s), conveyed his opinion just as succinctly. “We currently have a large position in APPLE,” he tweeted. “We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.”

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