, the billionaire businessman who's been a thorn in Michael Dell's side
as he attempts to acquire the company
he founded and take it private, also owns a "large" stake in Apple
. He revealed as much on his Twitter account, adding that he recently spoke with Apple chief Tim Cook, sharing his thoughts about the company's current financial position.
"We currently have a large position in Apple. We believe the company to be extremely undervalued," Icahn stated in a Twitter post
. "Spoke to Tim Cook today. More to come.
A short while later, Icahn posted a follow-up tweet
indicating he had a "nice conversation" with Cook and that he shared his "opinion that a larger buyback should be done now." The two plan to speak again soon, according to Icahn's view of events as they went down.
According to Bloomberg
, Icahn's stake in Apple is more than $1 billion, of which he accumulated over the past month. That's obviously a monumental sum, though it's less than a quarter of 1 percent of Apple's $444.8 billion market capitalization. Nevertheless, Icahn has a way of stirring the pot, and right now he's tossing it out there that Apple's stock can rise to over $600 per share through a larger buyback, if not higher, versus the $489 per share it's trading at currently.