Billionaire Carl Icahn Has “Nice Conversation” with Apple CEO Tim Cook, Buys Lots of Shares

“We currently have a large position in Apple,” according to the investor

By on August 14th, 2013 08:49 GMT

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.

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