Carl Icahn And Tim Cook Had Another Chat: Carl Icahn

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Carl Icahn told CNBC he had a "good conversation" with Apple CEO Tim Cook, and both believe that the company's stock remains undervalued. Apple's Cook told Icahn that he's still studying Icahn's proposal to buy back $150 billion worth of the company's stock...Shortly after publishing the letter, Icahn told CNBC that he had no intention of giving up on a large buyback and said he may consider a proxy battle to return more value to shareholders. "If they don't do it, we'll test the waters and see if the shareholders want us to do it and if we could win," Icahn told CNBC. "We've said we're not going away. I've said that to (CEO) Tim (Cook) and I'll say it again." [CNBC, earlier]

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