Apple (AAPL) Gets Einhorn Suit Moved Up to Avoid Any 'Distractions' Into Shareholder Meeting
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Large Apple (AAPL) Holders Back Company as Einhorn Looks to Unlock Value
February 12, 2013 7:28 AM ESTDavid Einhorn's initiative to get more cash out of Apple might be falling on flat ears.
According to the NY Post, two more large holders of Apple, Inc. (Nasdaq: AAPL) stock are coming out against Einhorn -- of Greenlight Capital --... More
Apple (AAPL) Issues Statement on Cash
February 7, 2013 3:39 PM ESTBy early last year, Apple's (Nasdaq: AAPL) cash balance had built to a point beyond what we needed to run our business and maintain flexibility to take advantage of strategic opportunities, so we announced a plan to return $45 billion to shareholders over three years. As of next week we will have executed $10 billion of that plan.
We find ourselves in the... More
Einhorn 'Chatted' with Apple (AAPL) CEO Cook Over Preferred Share Idea
February 7, 2013 2:04 PM ESTAfter issuing a letter earlier today, more information is out on the chatter between Greenlight Capital's David Einhorn and Apple (Nasdaq: AAPL) over keeping preferred shares in play.
Reuters reports Thursday afternoon that Einhorn "chatted" with Apple CEO Tim Cook on... More
Einhorn's Greenlight Capital Urges Apple (AAPL) Shareholders to Oppose Proposal 2, Which Would Impede Ability to Unlock Shareholder Value
February 7, 2013 8:35 AM ESTDavid Einhorn's Greenlight Capital, Inc. announced that it is urging fellow shareholders of Apple Inc. (Nasdaq: AAPL) to oppose the Companys attempt to amend its corporate charter. Greenlight is voting AGAINST Proposal 2 in Apples proxy, which would eliminate preferred stock from Apples charter and thus restrict the Boards ability to unlock the value on Apples balance sheet. Greenlight is asking all shareholders to also vote AGAINST Proposal 2 at the upcoming Annual Meeting of Shareholders to be held on February 27, 2013.
A shareholder since 2010, Greenlight believes Apple is a phenomenal company filled... More
