Carl Icahn on Dell: We're Sort Of Done Now

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Sept. 9 (Bloomberg) -- Billionaire Carl Icahn gave up his fight to control Dell, saying he continues to oppose founder Michael Dell’s $24.9 billion plan to take the company private because it undervalues the computer maker. Icahn speaks with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Dice.

That is true for anybody going for appraisal.

It has nothing to do with me.

We are sort of done now.

I think it is fatal complete -- it is fait accompli.

On paper, you have made money on this deal in terms of profit.

Any sense how much?

It is tough to say.

They gave a lot of extra dividends and what have you.

It has been a bit complex.

I think you could figure it out.

I don't think i should be talking about it.

We did all right.

That is not the issue.

I think the issue really is how you can -- this is tantamount -- i think what happened here is tantamount to a dictatorship.

A dictatorship does not call meetings.

Maybe they will have one more election.

These guys just kept going with it.

Are you calling michael dell a dictator?

I think michael dell was smart.

I congratulate him.

I think the board was horrendous.

That's what i have said.

And this guy did a terrible job, in my opinion.

But michael dell, i congratulate.

So the board is a dictatorship -- so, the board is a dictatorship?

They follow the laws, but the laws allow you to do what they did.

I'm not even arguing what the judge said.

We are going -- on twitter, i give my investment insight.

Follow me on twitter.

If they had followed me on apple, they would have made a lot of money.

That's right.

You released a lot of news on twitter, including that you are not going to keep pursuing michael dell in terms of trying to defeat him.

Apple is having a big day tomorrow.

A big product launch.

What are you hoping to see?

I think apple is undervalued.

If you just look at the numbers.

The products are great.

I'm not a technology guy.

But i think their numbers -- they are so cheap relative to their numbers that -- when i recommended it on twitter or said that we owned it, we owned it cheaper than that.

But it is still up 50 points.

You get these sort of no- brainers.

Dell is not a no-brainer.

Dell does have problems.

But apple did not.

Netflix did not.

I am doing this on twitter, getting my insights, because i want to build the following.

If you have enough people , they are going to be -- critical mass.

Maybe something can be done with this horrible barack received -- horrible iraq received that exists -- horrible bureaucracy that exists.

I think we should not have this.

One of the things that -- they spend shareholders' money like in the feudal system.

The bearing would have a castle.

-- the bearing -- the baron would have a castle.

He would use the army to get money.

I've made a lot of money doing this.

But i will tell you this, if we don't change, we are going to become a second-rate country.

That's one of the reasons we are not competitive.

That's one of the reasons things have to change.

I hope we can accomplish something along these lines.

I really do care.

You have $150 billion worth of buyback at apple.

How realistic do you think that is?

Have you talked to tim cook lately about that?

You read what i said to tim cook lately.

We are going to have a meeting and have dinner.

When was the last time you talked to him question mark -- talked to him?

You should read twitter.

You told me to follow you.

Why don't you read twitter instead of asking me now?

I know you are supposed to have dinner with him.

When is it going to happen?

I said it is going to happen this month.

Good.

Ok.

sometime this month.

This text has been automatically generated. It may not be 100% accurate.

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