ALTHOUGH he is still __________ things up at Dell, an ailing computer-maker, Carl Icahn has found time to tilt at another tech titan. On August 13th the veteran shareholder activist __________that he had built up a stake in Apple, though he stayed mum about exactly how many shares he had bought. Mr Icahns intentions, however, are crystal clear: he wants the consumer-electronics behemoth to expand plans to return some of its whopping $147 billion of cash and marketable securities to shareholders.
Mr Icahn is also after more money at Dell, where he has been lobbying with allies against a __________ buy-out plan put forward by Michael Dell, the firms founder, and Silver Lake, a private-equity firm. His pressing has already forced the buy-out group to raise its initial offer by over $350m, to $24.8 billion and he has taken his __________ to the courts in a bid to extract an even higher price.
Other tech firms have been attracting the attention of activist investors too. Earlier this year ValueAct Capital, an investment fund, said it had built up a $2 billion stake in Microsoft. Jaguar Financial, a Canadian bank, has been __________ fresh thinking at troubled BlackBerry, which announced on August 12th that it is exploring various __________options, including alliances and a possible sale. And Elliott Management, a hedge fund, has been lobbying for change at NetApp, a data-storage firm that it thinks could do more to improve returns to __________.
One reason tech firms have found themselves in activists crosshairs is that, like Apple, some built up big cash piles during the economic downturn and have been slow to use the money. Financiers hope to get them to loosen their purse-strings faster and to pocket some of the cash. Mr Icahn wants Apple to increase and __________ a share buy-back programme that is currently set to return $60 billion to shareholders by the end of 2015.
Another reason that tech firms make tempting targets for shareholder activists is that swift changes in technologies can trip up even the mightiest. Witness the case of Microsoft, which ruled the roost during the personal-computer era but has struggled to adapt to a world in which tablets and smartphones are all the rage. Investors hope to mint money by pushing companies to change more rapidly in response to such upheavals in their markets.
The rewards can be substantial. Egged on by Third Point, an activist hedge fund, Yahoo __________Marissa Mayer as its new chief executive in July 2012. By the time she celebrated a year in the job last month, the troubled web giants share price had risen by over 70%. In July the hedge fund sold a big chunk of shares back to Yahoo. Mr Icahn thinks Apples share price, which closed at $499 on August 14th, could soar too if the firm follows his advice on buy-backs. He tweeted this week that he had had a nice __________ with Tim Cook, Apples boss, about his idea, though he did not say what Mr Cook thought of it. If Apple drags its feet, expect things to turn nasty.
A) shareholders
B) strategic
C) communication
D) battle
E) conversation
F) encouraging
G) exciting
H) stirring
I) appointed
J) race
K) revealed
L) method
M) accelerate
N) proposed
雅思6分菜鸟的写作的经验分享
一个半月拿下雅思7.5分备考经验
雅思总分7.5分学员备考的心得分享
雅思考点介绍湖南大众传媒学院
看美剧提高雅思的听力和口语
首战裸考二战备考23天拿下雅思6.5分的详细经验
偏科生的3个月雅思8分备考的经验
雅思7分考生分享阅读备考的心经
雅思写作1个半月从6.5到7.5分的经验谈
雅思听力7.5阅读8分的详细的备考过程
雅思听说读写全方位备考的策略
一个月备考A类雅思7分心得的分享
从0到5.5 一个大专生的雅思备考的路程
雅思听力8.5高分考生备考经验
高手分享雅思阅读9分备考的心得
雅思7.5备考经验点滴积累最重要
雅思牛人经验谈脱产复习 稳扎稳打拿高分
非英专业托福转雅思备考经验
超简单的雅思7分备考的经验
雅思听力8阅读7.5的两周备考的经验
雅思8.5分获得者龚振攻克口语注重积累
雅思听读双8.5听力看老友记阅读掐时间
雅思8分考生的40天的自学心得
40天自学雅思8分心得分享经验+资料
雅思口语复议失败教训
雅思考试7分备考心得口语备考
雅思口语复议成功的经验分享
雅思东南大学考点的全攻略
雅思7.5分的一个半月复习的经验
雅思口语9分考生谈暑假备考的方法
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |