6 Reasons Carl Icahn Overvalues Apple By $700 Billion — forbes.com

Carl Icahn has a reputation for using his big microphone to get technology companies whose businesses he doesn’t understand to do something that he does — conduct what former Labor Secretary Robert Reich dubbed paper entrepreneurialism — boosting stock price through balance sheet manipulations like buying back shares and spinning off businesses. This comes to mind in considering Icahn’s call last week that Apple's Apple's shares are worth $1.2 trillion. (I have no financial interest in Apple stock.)

Read More