Print 32 comment(s) - last by BifurcatedBoat.. on Feb 14 at 3:56 PM

Cook said the board is currently discussing Einhorn's proposal, and even called it "creative"

Apple CEO Tim Cook called David Einhorn's lawsuit against the iPhone maker "a sideshow," citing the number of media and television interviews Einhorn has participated in since it was launched.

Einhorn, an American hedge fund manager, is suing Apple over a proposed change to the company's charter that would throw out Apple's ability to issue blank check preferred stock per its judgment. More specifically, the lawsuit opposes how this charter change is packaged together with two other proposals in "Proposal 2."

Einhorn wants Apple to open up its fat wallet of $137 billion in cash and issue prepetual preferred shares that pay dividends to existing shareholders.

Cook said the board is currently discussing Einhorn's proposal, and even called it "creative." However, Cook has called the lawsuit and the number of media interviews surrounding the topic "a silly sideshow" and said it's "bizarre that we would find ourselves being sued for doing something good for shareholders."

"This is a waste of shareholder money and a distraction and not a seminal issue for Apple," said Cook. "That said, I support Prop 2. I am personally going to vote for it."

Einhorn is the influential investor that pushed for Microsoft CEO Steve Ballmer's resignation back in May 2011. He said Ballmer was key in many of Microsoft's misses at the time, such as puchasing Skype for nearly twice its market valuation and missing the boat when it came to tablets.

Source: Reuters

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RE: LoL?
By Tony Swash on 2/13/2013 9:32:45 AM , Rating: -1
Best thing to do when you see Tony trolling, is to downvote and ignore his post

Like you just did :)

I suspect he leads a lonely, frustrated and angry existence and this forum is where he passive aggressively vents the suppressed rage.

Nailed it dude. Here I sit in my lonely damp basement longing for some human contact and reduced to interacting with puffed up dorks like you as a poor substitute for a meaningful relationship.

RE: LoL?
By retrospooty on 2/13/2013 9:53:53 AM , Rating: 2
I would assert that regardless of your location and level of human contact, feeling the need to log in to a website and champion the honor and integrity of a company is more sad than all of the above.

It must hurt to know that this hurts...

RE: LoL?
By Rukkian on 2/13/2013 10:20:00 AM , Rating: 3
I actually enjoy talking to people that have a passion for a certain product, as long as they are reasonable and willing to have a true discussion. The reason you get downvotes and hostile responses is because you come off like one of the people that no matter what is, they will not see any faults in what they believe in and follow something blindly.

You are just like the people that say everything a democrat (or republican) does is completely wrong and the opposite party is always right. The world is not black and white, it is all different shades of grey. Every person, product, political party, etc has flaws.

If you were to even once admit that apple had a flaw or 2, you would get much better responses. When you simply post trolling remarks, all you will get in response is flames. This really does point to your need to make yourself fell better about a purchase and convert others to your church of (Steve) Jobs.

There are plenty of people on this site and others that like technology and are not married to one or another, do not blindly follow anything and like to keep up to date on new technology, and then discuss those advancements.

RE: LoL?
By Cheesew1z69 on 2/13/2013 10:28:25 AM , Rating: 2
This really does point to your need to make yourself fell better about a purchase and convert others to your church of (Steve) Jobs.

"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007

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