CNN The Situation Room August 14, 2013 21:56:00
Apple stock on the rise, thanks in part to the billionaire investor, carl icahn, the company has been trading far below its price of $705 a share last december. but yesterday he tweeted we currently have a large position in apple. we believe the company to be extremely undervalued. spoke to apple president, tim cook today, more to come. that was followed by had a nice conversation with tim cook today, discussed my opinion that a larger buy-back should be done now. we plan to speak again shortly. within minutes, apple shares jumped 5% before closing a little above $490. coming up, hundreds of p...