Carl Icahn and Apple: He Thinks People Aren't Excited Enough - Businessweek

Check the full article for Icahn's detailed projections

"Carl Icahn, owner of $5.3 billion worth of Apple (AAPL) stock, doesn’t think people are excited enough about Apple. In an open letter to Chief Executive Tim Cook, the activist investor says the company’s shares should be worth $203, or about double the $100.80 closing price on Wednesday, Oct. 8.

The letter is full of flattery and optimistic predictions for Apple’s current and rumored product lines. All this is preface to Icahn’s main point: Apple should purchase more of its own stock, building on the buybacks it began earlier this year after similar pressure from Icahn. "

Carl Icahn and Apple: He Thinks People Aren't Excited Enough - Businessweek