Carl Icahn on (where else?) Twitter: "Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks."
Apple (AAPL +1.7%) has moved higher following Icahn's tweet. The company added $50B to its buyback program in April, and spent $18B on buybacks in the June quarter. The company had $146.6B in cash/investments at the end of the quarter (much of it offshore) to go with $17B in debt.
Update: On CNBC, Icahn says CFO Peter Oppenheimer "got a little testy" during the meeting.