TheStreet's Brittany Umar spoke to Keith Bliss of Cuttone & Company, who said this is just "Carl Icahn being Carl Icahn."
He added that in order for Apple to do the proposed buyback it would either need to finance about $100 billion or bring its cash back to the U.S. from its offshore accounts, a move that would trigger billions to be paid in taxes.
Bliss suggested that the move may not be the wisest because it won't increase the company's cash flow and may not even help the share price over the long term.Staying in tech, Microsoft (MSFT) reports earnings after the close on Thursday. Bliss said the demise of the company is always overblown by the press and he'll be watching to see if the company grew revenue and what its long-term forecast will be. He added that it will be interesting to see how or if the company is capitalizing on its core businesses, and what it's doing to compete against Google (GOOG) and Apple. Switching to a broader market view, Bliss said that as long as the Federal Reserve continues its bond-buying program, interest rates should continue to fall. Falling interest rates should help the mortgage and refinance business, and thus banks such as Bank of America (BAC) and Wells Fargo (WFC), Bliss concluded. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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