Billionaire investor Carl Icahn, who has just recently expressed his interest in acquiring DELL, has had a pleasant conversation with Apple CEO Tim Cook, and even purchased $1 billion / €754.034 in AAPL shares.Icahn himself confirms on Twitter that his group now has “a large position in APPLE,” adding that “We believe the company to be extremely undervalued […] More to come.”
In a follow-up tweet, Icahn wrote, “Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.”
Icahn’s stake in Apple is said to exceed $1 billion / €754.034. Apple responded publicly to the news, stating “We appreciate the interest and investment of all our shareholders. Tim had a very positive conversation with Mr. Icahn today.”
Icahn tells CNBC that a large buyback is a “no a brainer” for the company run by Tim Cook, adding that such a move “would enhance stock value tremendously.”
Icahn is confident that Apple’s stock will bounce back to $700 (€527) per share in the near future.