How Einhorn turned from Apple advocate to agitator

Einhorn, president of Greenlight Capital, speaks during the Sohn Investment Conference in New York(Reuters) – Hedge fund star manager David Einhorn was arguably Apple Inc's biggest cheerleader on Wall Street with a stake worth about $ 600 million and an oft-cited prediction that the company's market value would hit $ 1 trillion some day. So it was a shock on Thursday when Einhorn announced that he was suing Apple to get it to deploy its $ 137.1 billion cash pile more effectively and arrest a 35 percent drop in its share price from a record high logged last September. …


Full Story Via Tech News Headlines – Yahoo! News

Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>