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Monday, February 17, 2014

Apple (AAPL) And Tesla Have SECRET MEETINGS??? $AAPL $TSLA

Apple Inc.’s AAPL merger and acquisitions chief, Adrian Perica, met with Tesla Motors Inc.’s TSLA chief executive, Elon Musk, in Cupertino, Calif., last year when speculation abounded that the iPhone maker could make bid for the electric car maker, The San Francisco Chronicle reported in its online edition Sunday, citing an anonymous source. The report suggested that a high-level meeting between two major Silicon Valley players is a sign that Apple was very interested in Tesla. The Chronicle also reported that Apple is looking at the medical devices business, specifically technology that can predict heart attacks. Apple’s interest in electric cars and medical devices, areas far afield from its core business, is a clear signal that the tech giant is looking to take risks and expand beyond iPhones and iPads, the newspaper said. Wall Street analysts have speculated about a potential Apple-Tesla marriage from time to time as part of an emerging consensus that Apple needs to explore new ventures. Adnaan Ahmad, an analyst at the investment bank Berenberg, went as far as to write an open letter in October to Apple’s CEO Tim Cook, calling on him to buy Tesla at a time when Apple was coming under intense pressure to put its billions of cash to better use.

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