Einhorn sues Apple, marks biggest investor challenge in years

Comments (13)
NorthStarMan wrote:

If the Wall Street sharks are dissatisfied then Apple must be doing something right, like being conservative and investing for the long term.

Feb 07, 2013 10:30am EST  --  Report as abuse
midscribe wrote:

“We understand that many of our fellow shareholders share our frustration with Apple’s capital allocation policies. Apple has $145 per share of cash on its balance sheet. As a shareholder, this is your money,” Greenlight said in an open letter to other investors.

Mr. Einhorn, the $145 per share of cash that Apple has on its balance sheet is not the shareholder’s money. It is the Corporation’s money. It is the lifeblood to fund operations, debt service, research and development, acquisitions, and future growth. I agree that a corporation should share the wealth (dividends) in successful times, however your comment is out of line.

Feb 07, 2013 10:35am EST  --  Report as abuse
SanPa wrote:

Apple should consider buying a cheap phone company, and giving away phone service with the sale of an iPhone, iPad, and Mac. Phone service is just a low value commodity at this point.

Feb 07, 2013 12:02pm EST  --  Report as abuse
Fstein wrote:

wrong. the $145 per share is not the shareholder’s money. Einhorn is grandstanding and misleading. Einhorn ignores the taxes owed – this is not a mistake, it is a deliberate lie. We’re investors, not micro-managers, so we’ve delegated decisions to Apple’s execs and so far they’ve done great. David knows this. David’s suit is cheap trick to hide his poor quesses about the stock’s performance.

Feb 07, 2013 12:31pm EST  --  Report as abuse
xyz2055 wrote:

Some of you here are amusing. $145B is an insane amount of cash. The number of corporations in America WORTH that much money is a short list. No one has this much cash on hand. And Apple’s functional tax rate is 7%. And this isn’t the “life blood” of the corporation. This number has been getting progressively bigger every year. Think about this..Apple has more than double the amount of money on hand that would be needed to buy every team in the NFL.

Feb 07, 2013 1:07pm EST  --  Report as abuse
ChangeWhat wrote:

Aawwww little Einhorn losing money so he needs to make a stink. I hope all you wallstreet gurus lose everything. Its what you deserve for what you have done to America. Maybe Apple will should close down an open as private industry, they have the $$$$$ to do so. Apple is the richest company on the planet because they hold billions upon billions in cash, they are not just paper rich, well hhmmm.

Oh and saying you deserve $145 per share is hilarious!!!

Feb 07, 2013 1:30pm EST  --  Report as abuse
e_lizzle wrote:

Cut the graph cut the graph!! Do it!!

Feb 07, 2013 4:39pm EST  --  Report as abuse
GroverSage wrote:

Let’s not forget Apple’s economic philosophy comes from Steve Jobs. In the late 80′s Apple was the leader in home computers. The reversal of fortune that saw the rise of Microsoft made a big impression on Mr. Jobs. (As well as losing his job, so to speak)

Well…Apple recovered and thrived, without the complete advice of Wall Street. Why change now? What kind of problems could Wall Street possibly create??

Feb 07, 2013 5:04pm EST  --  Report as abuse
GroverSage wrote:

Let’s not forget Apple’s economic philosophy comes from Steve Jobs. In the late 80′s Apple was the leader in home computers. The reversal of fortune that saw the rise of Microsoft made a big impression on Mr. Jobs. (As well as losing his job, so to speak)

Well…Apple recovered and thrived, without the complete advice of Wall Street. Why change now? What kind of problems could Wall Street possibly create??

Feb 07, 2013 5:04pm EST  --  Report as abuse
GroverSage wrote:

Let’s not forget Apple’s economic philosophy comes from Steve Jobs. In the late 80′s Apple was the leader in home computers. The reversal of fortune that saw the rise of Microsoft made a big impression on Mr. Jobs. (As well as losing his job, so to speak)

Well…Apple recovered and thrived, without the complete advice of Wall Street. Why change now? What kind of problems could Wall Street possibly create??

Feb 07, 2013 5:04pm EST  --  Report as abuse
Whittier5 wrote:

Greedy, stupid idjit!

Feb 07, 2013 5:12pm EST  --  Report as abuse
notme3832 wrote:

Apple didn’t start hoarding cash as a result of nearly going bankrupt. They always hoarded it, and that was a big reason they did NOT go bankrupt.

Feb 07, 2013 6:33pm EST  --  Report as abuse
geola wrote:

Any company that takes financial advice from Wall Street will go out of business.

Feb 07, 2013 8:00pm EST  --  Report as abuse
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