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November 11, 2013 AT 9:22 AM
Activist investor Carl Icahn has reportedly spoken with Apple Inc. Icahn, who has demanded a $150 billion buyback publicly and privately to Apple's Tim Cook since August, reportedly had a good conversation with Cook and they both continue to believe the company is undervalued. Icahn owns roughly 4.7 million shares in the technology giant; he revealed on August 13 that his investment firm had a "large position" in Apple. He has said that Apple shares could trade at $700 with a larger stock buyback.