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Carl Icahn Takes a Shine to Apple

APPLE

Apple has a new cheerleader. Famed investor Carl Icahn says he has taken a large position on Apple, and says he think it is undervalued.

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Henny Ray Abrams/AP
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By Justin Menza and Cadie Thompson

Billionaire investor Carl Icahn revealed on Twitter that he's taken a "large position" in Apple.

"We believe the company to be extremely undervalued," Icahn said Tuesday.

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