preferred stock

preferred stock

Report: Facebook Now Worth $35 Billion

www.allfacebook.com
Yesterday the Private Equity Data Center released a report presenting the rationale behind Facebook having a $35 billion valuation. This contrasts current share prices which value the company at between $11 and $17 billion. While valuing Facebook is a bit of a parlor game right now, if this model is...
Report: Facebook Now Worth $35 Billion

Mobile Payments Company GoPago Nabs Investment From JPMorgan Chase

techcrunch.com
It’s something of a universal truth: standing in line sucks. The folks at GoPago know it and apparently so do the people at JPMorgan Chase, because the financial firm has just pumped an undisclosed amount of money into the Mountain View company in exchange for some of GoPago’s Series A...
Mobile Payments Company GoPago Nabs Investment From JPMorgan Chase

Apple To Investors: OK, OK, We'll Show You The Money

readwrite.com
If you listen to a rising chorus of Apple investors, it seems increasingly clear that Cupertino will soon dance a Wall Street jig and offer either a share-buyback plan or a higher dividend. Either of which would help support the share price, even if neither move seems likely to restore...
Apple To Investors: OK, OK, We'll Show You The Money

Judge Blocks Vote Over Preferred Shares

www.fastcompany.com
Greenlight Capital scored a major win over Apple executives in federal court this week. Greenlight Capital Inc. founder David Einhorn may have won a major battle against Apple, with a federal judge ruling in his favor on Friday to block an upcoming shareholders vote over preferred stock, Reuters reported....
Judge Blocks Vote Over Preferred Shares

David Einhorn Drops Case Against Apple

www.fastcompany.com
Move comes after the Greenlight Capital founder succeeded in getting a key vote off of the agenda for the shareholders meeting this week. Greenlight Capital founder David Einhorn dropped his much-talked about lawsuit against Apple over the issuance of preferred stock on Friday, All Things D reported. The hedge...
David Einhorn Drops Case Against Apple

Judge Grants David Einhorn's Motion Against Apple

allthingsd.com
David Einhorn’s Greenlight Capital has won a court order preventing Apple from holding a proxy vote on a proposal that would stop the company from being allowed to issue preferred stock. Einhorn had sued Apple in a federal court in Manhattan arguing that its proxy statement violated SEC rules that...
Judge Grants David Einhorn's Motion Against Apple

Preferred stock seen as Apple's chance to 'seize the opportunity' and reverse losses

appleinsider.com
Apple now has a chance to reverse recent losses and boost its share price by providing even more of its cash reserves to investors, one analyst believes....
Preferred stock seen as Apple's chance to 'seize the opportunity' and reverse losses

Apple's Cash Pile Gets Its Own Moment In The Limelight

www.fastcompany.com
After some saber-rattling by investors, Apple says it's still considering sharing out its billions in cash. This week, prominent Apple investor David Einhorn, founder of Greenlight Capital, accused Apple of hoarding its $137 billion cash pile instead of mobilizing it to return value to investors...like Einhorn, for example. He...
Apple's Cash Pile Gets Its Own Moment In The Limelight
Basically, David Einhorn Set Up A Huge Showdown With Apple's Management (AAPL)

DealBook: Einhorn Sues Apple Over Plan to Discard Preferred Stock

dealbook.nytimes.com
David Einhorn, the billionaire hedge fund manager, sued Apple to block a plan to eliminate preferred shares, showing deep dissatisfaction with the company's once-explosive stock....
DealBook: Einhorn Sues Apple Over Plan to Discard Preferred Stock

Apple Issues Statement About Returning Cash to Shareholders

www.macrumors.com
Apple has issued a press release reiterating its commitment to return some of its extremely large cash pile to shareholders, saying that Apple management and the Board of Directors are in "active discussions" about how to return cash to shareholders. This follows letter sent to Apple shareholders this morning by...
Apple Issues Statement About Returning Cash to Shareholders

Everything You Ever Wanted To Know About Convertible Note Seed Financings (But Were Afraid To Ask)

techcrunch.com
Editor’s note: Scott Edward Walker is the founder and CEO of Walker Corporate Law Group, a boutique corporate law firm specializing in the representation of entrepreneurs. Check out his blog or follow him on Twitter as @ScottEdWalker. We are in the golden age of seed financing.  Venture capital funds, seed funds, super angels, angel...
Everything You Ever Wanted To Know About Convertible Note Seed Financings (But Were Afraid To Ask)

FINALLY: Yahoo Officially Announces Plan To Monetize Alibaba Stake

www.businessinsider.com
At long last, Yahoo has announced a plan to monetize its stake in Chinese internet company Alibaba. It's complicated, and it will be in stages, but the process has begun, and Yahoo says it will get about $7.1 billion in short order, via Alibaba's repurchase of half of Yahoo's stake...
FINALLY: Yahoo Officially Announces Plan To Monetize Alibaba Stake
No more silly sideshow? David Einhorn drops Apple lawsuit

Apple Building 2TB Solid State Drives for Next Mac Pro Release?

www.macrumors.com
Apple may be developing a two terabyte solid state drive for inclusion in the next Mac Pro according to an unconfirmed report by Bright Side Of News. Apple has said a new Mac Pro should arrive sometime in 2013, though it's unknown exactly when Intel's new processors will arrive, leaving...
Apple Building 2TB Solid State Drives for Next Mac Pro Release?

Apple Defends Proxy in Response to Suit

online.wsj.com
Apple issued a reply to a lawsuit filed by Greenlight Capital, defending a proposal on its proxy and accusing Greenlight's founder David Einhorn of using the suit to "induce" Apple to adopt a new type of preferred stock....
Apple Defends Proxy in Response to Suit

EINHORN ON APPLE: You're Wrong, Henry -- I CAN Create Something Out Of Nothing!

www.businessinsider.com
David Einhorn, the hedge-fund manager at Greenlight Capital who wants Apple to issue preferred stock as a way of unlocking value for shareholders, was kind enough to do a brief Q&A with me about the article I wrote earlier. In that article, I described Einhorn's Apple proposal as "just financial...
EINHORN ON APPLE: You're Wrong, Henry -- I CAN Create Something Out Of Nothing!

David Einhorn's Apple Proposal Is Just Financial Engineering -- You Can't Get Something From Nothing

www.businessinsider.com
Hedge fund manager David Einhorn, who is one of the smartest investors on Wall Street, is trying to force Apple to consider a plan that he believes will "unlock value" for Apple shareholders. Einhorn wants Apple to issue a new class of preferred stock that will pay a 4% dividend...
David Einhorn's Apple Proposal Is Just Financial Engineering -- You Can't Get Something From Nothing
'Apple Is Potentially Facing A Very Rough Two-Year Period,' Says Jefferies (AAPL)
Judge stops Apple shareholder vote on preferred stock proposal

David Einhorn Slammed The Dell Deal During His Apple Conference Call Yesterday

www.businessinsider.com
SAN FRANCISCO (Reuters) - Hedge fund manager David Einhorn had some sharp words on Thursday for both Dell Incand founder Michael Dell on his plan to take the company private. Einhorn, who has mounted a campaign to get Apple Incto share more of its $137 billion cash pile, used the...
David Einhorn Slammed The Dell Deal During His Apple Conference Call Yesterday

Apple: We're talking about how to distribute more of $137B in cash to shareholders

gigaom.com
Even after Apple began issuing a dividend to its stock holders last year, some investors still aren’t happy with the continued accumulation of Apple’s cash pile. In response to one vocal investor on Thursday, Apple issued a statement saying that it is still looking for ways to distribute some of...
Apple: We're talking about how to distribute more of $137B in cash to shareholders

Apple CEO Tim Cook Slams Greelight Lawsuit as "Bizarre"

allthingsd.com
AllThingsD.comIn his first public comments since Apple was sued on the subject, Apple CEO Tim Cook dismissed a lawsuit brought last week by Greenlight Capital concerning a proposal on the company’s proxy statement as “bizarre” and a “silly sideshow.” Speaking at a Goldman Sachs conference in San Francisco, Cook said...
Apple CEO Tim Cook Slams Greelight Lawsuit as "Bizarre"
The Series A Bottleneck Grows Tighter, Fenwick Survey Shows
Apple's Shareholder Meeting Likely a Snoozer

Judge Sides With Greenlight, Blocks Apple From Holding Shareholder Vote On Proposal Over Preferred Stock

techcrunch.com
The “silly sideshow” around Greenlight Capital and Apple issuing preferred stock, as Apple CEO Tim Cook put it, will go on according to a ruling today by U.S. District Judge Richard Sullivan in NYC today. Sullivan sided with Greenlight Capital manager David Einhorn, blocking Apple from being able to proceed with a...
Judge Sides With Greenlight, Blocks Apple From Holding Shareholder Vote On Proposal Over Preferred Stock

Apple: We're in "active discussions" on returning more cash to shareholders

arstechnica.com
Apple has issued a response to a lawsuit by Greenlight Capital fund manager David Einhorn accusing the company of being too stingy with investors. In a statement posted to its website on Thursday afternoon, Apple reiterated its (relatively new) strategy for paying out dividends and returning cash to shareholders....
Apple: We're in "active discussions" on returning more cash to shareholders
APPLE ISSUES STATEMENT ON ITS MASSIVE CASH PILE

Surprise! Apple is looking at new product categories, still on schedule to open new campus building in 2016

9to5mac.com
Apple’s annual shareholder meeting isn’t usually the source of much news, and this year isn’t much different. With a judge recently granting Greenlight Capital’s motion to block a vote on a proposal that would require a shareholder vote before issuing preferred stock, many expected Apple would address what it plans to do...
Surprise! Apple is looking at new product categories, still on schedule to open new campus building in 2016

Apple in Talks With Greenlight Over Cash

allthingsd.com
Apple just announced that it is in talks with Greenlight Capital about finding a way to distribute cash to shareholders. Apple shares rose by $13.55, or nearly 3 percent, on the news. In a statement issued a few minutes ago, Apple said it is in “active discussions about returning additional...
Apple in Talks With Greenlight Over Cash
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