Carl Icahn Thinks Apple Is Undervalued, Meets With Tim Cook

Chris CrumBusiness

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Billionaire Carl Icahn has taken a "large position in APPLE," and has met with Tim Cook.

Last night, he tweeted:

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.

Chris Crum

Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.