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  vrijdag 19 augustus 2005 @ 22:47:38 #1
125643 GREED
GREED = GOOD
pi_29796560
NEW YORK (CNN/Money) - Financier Carl Icahn could push for Time Warner Inc. to sell its cable and publishing units in a bid to raise its share price, according to a published report Wednesday.

The Wall Street Journal, citing a person familiar with the situation, reported that Icahn, who it reported has recently added to his previously-disclosed $100 million stake in the world's largest media conglomerate, may also push for a larger share repurchase than the planned $5 billion share-buyback announced by the company Aug. 3.

Reports about Icahn taking a greater stake in Time Warner (Research) helped lift shares of the company 3 percent in Tuesday trading.

The media company includes Time Warner Cable, the nation's No. 2 cable operator behind Comcast (Research), as well as a print unit that includes a book publisher and Time Inc., the nation's leading magazine publisher.

It also includes America Online, the world's largest Internet service provider, as well as two major movie studios and a television unit that includes both cable and broadcast networks. CNN/Money is a unit of Time Warner.

Time Warner has already announced plans to issue shares in its cable unit, selling a 15 percent stake to the public. But Icahn could push the company to sell the entire unit, according to the Journal.

The paper also reported that despite subscriber declines and other challenges facing AOL, Icahn probably won't push for a sale of the online unit.

But quoting a person close to Icahn, the paper reported he could push for a sale of the publishing unit. That unit could fetch more than $13 billion, Henry Ellenbogen, an analyst at T. Rowe Price Group Inc., told the paper.

"Publishing is probably the single most undervalued asset at Time Warner," Ellenbogen said. T. Rowe Price, which is one of Time Warner's largest shareholders with 62 million shares, supports current management plans to increase shareholder value, he added.

The Journal said that Time Warner's size would make it a challenging takeover target, despite few corporate provisions to protect against proxy fights.

Icahn's previously disclosed stake represents only 0.1 percent of shares, and he and allies among hedge funds managers would need to own about $4 billion in shares in order to hold 5 percent.

Ted Turner, a director of the company and sometimes vocal critic, holds 35.3 million shares, according to the company's proxy statement earlier this year, or more than six times Icahn's previously disclosed holdings. He is not part of Icahn's group, the paper reported


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SOCIALISTEN TERRORISTEN
  vrijdag 19 augustus 2005 @ 22:58:24 #2
94405 Tarak
Follow the white rabbit...
pi_29797010
Al zouden de in dt stuk genoemde hoge bedragen naar mijn rekening overgemaakt worden, dan zou ik daar inderdaad erg opgewonden van raken. Beter dan seks!!
If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn't. And contrary wise, what is, it wouldn't be. And what it wouldn't be, it would. You see?
pi_29797035
wtf?
  dinsdag 23 augustus 2005 @ 22:37:01 #4
125643 GREED
GREED = GOOD
pi_29903112
Ik heb een conference call gedownload waarin Carl Icahn Johnny Antioco van Blockbuster afzeikt.
Mensen met interesse kunnen me mailen, dan mail ik het bestand wel terug.
SOCIALISTEN TERRORISTEN
  FOK!-Schrikkelbaas donderdag 25 augustus 2005 @ 19:33:11 #5
334 TARAraboemdijee
Vader!
pi_29967309
waarom is dit nog open?
In this world of evil and darkness I'm looking for the one girl that has the power to bring light into my heart. A light so pure that my evil thoughts about this world and the people living on it will vanish and I'll finally experience true love.
pi_29969397
Inderdaad
pi_30078863
.
Echte liefde!
En ik zag dat het goed was.
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