Activist Investor Sues Apple

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Everyone wants a bigger slice of the Apple pie. :D

Apple Inc. on Thursday confronted its first major challenge from an activist shareholder in years as hedge fund manager David Einhorn's Greenlight Capital filed suit against the company and demanded that it dole out a bigger piece of its $137 billion cash pile to investors.
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More millionaires arguing with billionaires. Nothing to see here, move on, move on.
 
I really wonder though what Apple is going to do with that warchest. At this point they have enough money to buy pretty much anything they want. If they cant innovate might as well buy, at least thats what google does.
 
Im amazed anybody still buys Apple stock knowing you wont get shit back on it, especially now.
 
///AMG said:
I really wonder though what Apple is going to do with that warchest. At this point they have enough money to buy pretty much anything they want. If they cant innovate might as well buy, at least thats what google does.
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I know they're probably perfectly happy being the middle man on hardware, but I'd love to see them buy a landmark chip maker (AMD, IBM, etc.) and go totally in-house for everything.
 
BoogerBomb said:
Im amazed anybody still buys Apple stock knowing you wont get shit back on it, especially now.
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Seemed a better buy a few years ago when it bottomed out at around $80. Of course if I had bought any of it then I'd have sold it long before now.

If Apple can't outline a use case for the money it's got in the bank it should pay dividends to it's stockholders. That's part of being a publicly traded business. Why they're so crotchety about doing that when they're sitting pretty is beyond me. I mean sure, when you had Jobs running things he would just tell the stockholders to fuck off and they would because he's Steve Jobs and clearly he knows what he's doing, right? You know, except for that whole ignoring his doctors about cancer thing.
 
Folks always act surprised at hoe much cash Apple has but that happens when you are about the only retail/tech company that doesnt pay dividends.

If the share price keeps dropping then shareholders will start to demand that or they will start dumping.
 
Typical rich people, they buy a piece of paper (that has no intrinsic value by itself) and think that piece of paper somehow entitles them to perpetual free money.

How about, instead of paying a dividend, you give a big raise to all your Chinese factory workers? They deserve that extra cash a lot more than than a bunch of whiny fatcats.
 
daglesj said:
Folks always act surprised at hoe much cash Apple has but that happens when you are about the only retail/tech company that doesnt pay dividends.

If the share price keeps dropping then shareholders will start to demand that or they will start dumping.
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Apple *does* pay dividends.
Google, on the other hand, does not.

Maybe some don't have investment portfolios but you'd think techies would at least be on top of news about history's largest tech companies :\
 
mope54 said:
Apple *does* pay dividends.
Google, on the other hand, does not.

Maybe some don't have investment portfolios but you'd think techies would at least be on top of news about history's largest tech companies :\
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Who are you even talking about? crApple are a unoriginal "fashion" brand, not a company that produces any, you know, original technology. Which puts them outside of people who care about technology's interests...
 
I don't really class Apple as a tech brand anymore. I list them as a more retail goods brand like Gucci.

Nice to look at but hardly the best at what they do.
 
sir-gold said:
Typical rich people, they buy a piece of paper (that has no intrinsic value by itself) and think that piece of paper somehow entitles them to perpetual free money.

How about, instead of paying a dividend, you give a big raise to all your Chinese factory workers? They deserve that extra cash a lot more than than a bunch of whiny fatcats.
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"rich people" are operating in the rules of the stock market ... although it has its flaws, more people probably own stock directly or indirectly now than in the past ;)

The Chinese workers are not Apple employees, they could certainly overpay Foxconn but there is no guarantee that the CEO of Foxconn wouldn't just pocket the money or split it up with his executives and managers

The Chinese government would not take kindly to a company who wreaked havoc by overpaying their workers and creating wage competition that drives large employers to cheaper markets ... although there is certainly plentiful opportunity to make improvements in China they need to be done with the consent of the government and in a way designed to promote domestic stability :cool:

Why not suggest Apple do charity with some of that money ... with even a quarter of that money they could create an organization that would rival the Gates Foundation ... that would be more practical and benefit more people

Personally I think Apple should invest in some software companies or gaming companies ... with that much money they could create their own funding company like a corporate Kickstarter ... you could fund an enormous amount of software with a billion of starter money ... or even better Apple should buy more companies to expand their offerings :)
 
kbrickley said:
"rich people" are operating in the rules of the stock market ... although it has its flaws, more people probably own stock directly or indirectly now than in the past ;)

The Chinese workers are not Apple employees, they could certainly overpay Foxconn but there is no guarantee that the CEO of Foxconn wouldn't just pocket the money or split it up with his executives and managers

The Chinese government would not take kindly to a company who wreaked havoc by overpaying their workers and creating wage competition that drives large employers to cheaper markets ... although there is certainly plentiful opportunity to make improvements in China they need to be done with the consent of the government and in a way designed to promote domestic stability :cool:

Why not suggest Apple do charity with some of that money ... with even a quarter of that money they could create an organization that would rival the Gates Foundation ... that would be more practical and benefit more people

Personally I think Apple should invest in some software companies or gaming companies ... with that much money they could create their own funding company like a corporate Kickstarter ... you could fund an enormous amount of software with a billion of starter money ... or even better Apple should buy more companies to expand their offerings :)
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How about we stop doing business with China if they are into wage suppression.

The wage suppression exists so they can continue to bleed jobs from places like the US. So for the US as a whole, its not really in our interest to participate with market manipulation. For specific individuals, though, its a short term benefit. Investors in those Chinese entities and people who think they deserve their North American wage but nobody around them does.

And unemployment mounts its going to collapse for both the US and China. Very short sighted interests at play. Even for the people that think they're benefiting.
 
jpm100 said:
How about we stop doing business with China if they are into wage suppression.

The wage suppression exists so they can continue to bleed jobs from places like the US. So for the US as a whole, its not really in our interest to participate with market manipulation. For specific individuals, though, its a short term benefit. Investors in those Chinese entities and people who think they deserve their North American wage but nobody around them does.

And unemployment mounts its going to collapse for both the US and China. Very short sighted interests at play. Even for the people that think they're benefiting.
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Ironically in the more complex industries we are starting to see a return to the home countries (in-sourcing) ... although for some very low cost items (textiles, food stuffs, etc) there are still many benefits to outsourcing, for the complex things like electronics and machinery the economics of in-sourcing are improving (high shipment costs, more regulations for international shipments like C-TPAT, improvements in local labor costs, etc) ...

things are starting to improve but remember consumers play a big role in this too ... if they will not pay more than $400 for a computer then manufacturers have to figure out ways to manufacture for $400 ... that isn't always feasible for some items without outsourcing ... there is also the supply chain element in China that you can have most of your material suppliers within very close proximity to the factory ... if some of the bigger industrial states could create Trade Zones where lots of compatible companies could set up shop then we might be able to offset some of the economies of scale in China as well :cool:
 
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