3 Tech Titans Making Noise: RBC Backs Apple, Dell and Icahn Go to Court, and BlackBerry’s CEO Stands to Make Millions

Apple Inc. (NASDAQ:AAPL): RBC analyst Amit Daryanani has raised his price target on Apple to $525 from $475 and is apparently on board with Carl Icahn’s call for an expanded stock buyback. Daryanani believes that raising another $55 billion in debt for buybacks could boost 2014′s earnings per share by $4, and that increasing leverage to a large-cap norm of 1.8 times would allow Apple to repurchase 18 percent of its float.


Dell Inc. (NASDAQ:DELL): Carl Icahn and Dell are set to make an appearance in court on Friday, where the former will ask a judge to fast-track his lawsuit against the company in his efforts for control of the firm with founder Michael Dell. Icahn is hoping to delay a shareholder vote on Michael Dell and Silver Lake’s offer for the company, which is slated for September 12. The investor is hoping to instead hold an annual meeting first, where he would attempt to install his own candidates as board members and fire the CEO.


BlackBerry (NASDAQ:BBRY): According to some digging done by Bloomberg, CEO Thorsten Heins would make an estimated $55.6 million should the company to be sold and he to be fired. That figure includes salary, incentive payments, and equity awards, and is based on BlackBerry’s share price at the end of the fourth quarter. However, if Heins is sacked without a change of ownership, he would get $22 million.


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