Feb 10 Carl Icahn said he sees no reason to
persist with his proposal that Apple Inc buy back $50
billion of its shares, given the recent share repurchases by the
Icahn said in a letter to Apple shareholders posted on his
website that he was pleased that Apple CEO Tim Cook and the
board have exhibited an "opportunistic" and "aggressive"
approach to share repurchases. ()
Apple said last week it repurchased $14 billion of its stock
in the two weeks since it reported disappointing first-quarter
Icahn's statement comes a day after proxy advisory firm ISS
said it recommended that Apple shareholders vote against the
activist investor's share buyback proposal.