Techquity: Einhorn praises Apple, another Microsoft revamp
Tuesday, May 07, 2013 - 04:02
May 7 - Hedge fund manager David Einhorn adds to his Apple stake while Microsoft prepares to modify Windows 8.
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Einhorn not locking horns with apple. Activist investor and short seller who sued apple last year over preferred stock issue boosted his stake in the company. He praised apple in a conference call for becoming in his words are more shareholder friendly company. Apple issued debt so can return 100 billion dollars to shareholders the largest corporate stock buyback program ever. Einhorn didn't say how much he -- or when he -- that additional shares. As the end of last year his firm Green -- Capital held one point three million shares of apple that are worth roughly 600 million dollars today. Apple Stock is off half a percent at 458 dollars it's up 17%. Since April 19. Why taxing pressures on Google. German and French politicians say they'll question Google over its corporate income tax. This comes after Reuters broke the story about Google's UK opposite point sales staff while telling tax off or is that -- sales are based in Ireland. Google operates practically tax free in the UK France and Germany. Hasn't written Google says it's French and German employees provide marketing and support services to its Irish operations. But ovals French website says it's Paris offices in its words the hub for all sales activity in southern and Eastern Europe the Middle East and Africa. And in Germany one -- for an account manager positions at the manager would. Seal the deal and help make the world a more -- -- place. The Google spokesman said the company follows tax rules and every country where it operates he said the warning his own ads. Have been confusing. Google stock is shedding half percent from its all time high yesterday. Not a tax problem let -- software once for Microsoft. One of our best of the rest the company planning a substantial upgrade to its windows eight product to fight waning interest. The touch space -- at the 100 million sales mark in six months roughly in line with Windows 7 but so far it. Doesn't help Microsoft become a significant player in the tablet business. The upgrade called windows blue is -- like by the end of the year. It becomes the latest launch on your CEO Steve bomber that has not become a hit the list of lessons filler products includes. The Zune music player remember that one. Windows Mobile software. And Windows Vista which is replaced by Windows 7. Of course bomber has presided over a few hits like Xbox. Annals of soured on the company lately with Goldman Sachs downgrading it to sell last month. -- people calling for to break up earlier this year since bomber replaced Bill Gates as CEO in January 2000 the stock is down about 40%. Better than Intel Hewlett-Packard but worse than oracle also worse -- the market overall. Microsoft does pay a dividend currently two point 7%. While Larry Ellison has -- oracle all that time Intel and HP have experienced turn over in the corner office. With Intel's newest CEOs at the start may sixteenth. Shares of Microsoft today are down 1% building on -- high from 2008. Soaring and sputtering time our look at movers first soaring this responses. The provider of marketing base software and online services reported better than expected quarterly profit on higher subscription revenue. And forecast full year revenue above estimates shares up 10%. Stuttering is -- Ruben networks that -- gear maker forecast third quarter results well below analysts' expectations. As customers delayed orders last month those shares are down 23%. And that's kept putting this Tuesday at remembering him also on Twitter. RT RS Stephanie I'm Fred Katayama and this is point.
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