Icahn bites into Apple

Carl Icahn revealed he had taken a "large position" in Apple and called the company "extremely undervalued." That announcement mattered because it signaled a well-known investor wanted changes at Apple and triggered a sharp rise in Apple shares.

According to the article, Apple shares rose sharply after Carl Icahn revealed his large position and expressed his view that the company was extremely undervalued.

The article reports Icahn's description of Apple as "extremely undervalued," but it does not provide his specific reasons or valuation metrics for that view.

The article states Icahn wants Apple to return more cash to shareholders, but it does not specify which methods he prefers or what specific actions he has proposed.

The article notes Icahn said he had a "nice" conversation with Apple CEO Tim Cook and planned to speak with him again shortly; no further response or details from Cook were provided in the article.

The article indicates Icahn wants more cash returned to shareholders, but it does not state that Apple has agreed to any policy changes or that any specific corporate actions will occur.

The article shows Icahn's move affected market sentiment—Apple shares rose after his announcement—so everyday investors may view his public position as a signal of investor activism, though the article does not offer investment advice.

No. The article reports Icahn's large position, his view that Apple is undervalued, and the resulting share price movement, but it does not provide investment advice or recommend buying Apple stock.