Billionaire Carl Icahn has taken a “large position in APPLE,” and has met with Tim Cook.
Last night, he tweeted:
We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.
— Carl Icahn (@Carl_C_Icahn) August 13, 2013
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.
— Carl Icahn (@Carl_C_Icahn) August 13, 2013
All Things D managed to get a statement about the conversation from Apple:
“We appreciate the interest and investment of all our shareholders. Tim had a very positive conversation with Mr. Icahn today.”
Not much else is known about the conversation or just how “large” the aforementioned position is, but we’ll no doubt get a better idea in the future. Either way, the news has been good for Apple shares, which are currently at $499.55 (+9.98, 2.04%) as of the time of this writing.
In other Apple news, the company has quietly acquired TV guide-like app Matcha, which was shut down a few months ago, signaling a potential component of its TV plans.