Icahn: Not Looking to Make `Quick Turn' on Apple

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Oct. 23 (Bloomberg) -- Billionaire Carl Icahn comments on why he thinks Apple should use its cash to buy back stock. He speaks with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Excuse me?

How much?

We have recommended several times, $150 billion.

We are making a bunch of pledges in the letter, and i think you will find it very interesting.

I think it will stop any criticism saying i am just looking for a quick trade.

We do have a good profit in apple, but that could not be further from the truth.

To go in and make a quick turn here.

We do not really.

In many cases, look, we held netflix while others sold it.

I am not saying they were wrong.

I am saying we held netflix -- well, it was only 13 months, but it went five times higher before we sold it, so we are not in for the quick turn.

They need money for other things.

They have not bothered to read the balance sheet.

Or maybe does not know how to read a balance sheet.

Some people say, carl, apple is such a large company.

Why is carl e ink active in a stock like this?

Netflix is one thing, and web m.d. is another, but this is a big, big company, which makes it harder to have a voice.

I am not sure of that.

I saw somebody have a pretty big boys with procter & gamble.

I think on this one point, we can have a voice because it is so absurd not to have a buyback, and we are not criticizing tim cook are you we are criticizing doing it.

I am not sure we cannot have a voice there.

A lot of shareholders have called us and have said right on.

Right on.

Get the deal done.

We do not represent a number.

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

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