Prof. Arun Sundararajan on Carl Icahn's plan for Apple
August 19, 2013
Excerpt from Yahoo! Finance -- "The problem with Icahn’s plan is that such financial machinations can be a distraction for a technology company that needs to focus on developing innovative new products, according to Arun Sundararajan, professor of information sciences at New York University. 'This kind of financial engineering isn't in the long-term interest of Apple's shareholders,' he says. 'They're still a tremendously valuable company, but stock price boosts from financial engineering shouldn't distract from the fact that their business model doesn't look as solid and dominant as it did four years ago.'"