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Tuesday, May 7, 2013 - 1:51pm
Apple Modestly Lower Despite Einhorn's Increased Stake
Shares of Apple (NASDAQ: AAPL), the largest U.S. technology company by market value, are trading slightly lower in early afternoon trading despite news that David Einhorn's Greenlight Capital has boosted its stake in the iPhone maker. On a Tuesday conference call for, Einhorn said, "We've added to...
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Thursday, February 14, 2013 - 5:48pm
Greenlight Capital's David Einhorn Takes Stake in Google
According to his recent 13F, Greenlight Capital (David Einhorn's hedge fund) took a stake in Google (NASDAQ: GOOG) in the quarter ended December 31. Greenlight purchased 63,000 shares of the Internet giant. Shares of Google were little changed in after-hours trading. Einhorn is now pairing his...
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Tuesday, February 12, 2013 - 3:14pm
Tim Cook: Apple as Innovative as Ever
Tim Cook, Apple's (NASDAQ: AAPL) CEO, addressed Goldman Sach's (NYSE: GS) Tech Conference earlier Tuesday. Unfortunately for investors, Cook failed to announce any significant new measures such as increase of Apple's dividend or more share repurchases. He was also vague about the company's plans...
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Friday, February 8, 2013 - 12:48pm
Apple Sold More than 17 Million iPhones in America Last Quarter
Sprint (NYSE: S), Verizon (NYSE: VZ) and AT&T (NYSE: T) have sold a combined total of 17 million iPhones during the fourth quarter, besting their Q4 2011 sales by more than three million units. Sprint has set a new record for the company by activating approximately 2.2 million iPhones in the...
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Thursday, February 7, 2013 - 6:41pm
Apple Responds to Einhorn's Call for Preferred Shares
Right before the closing bell on Thursday, Apple (NASDAQ: AAPL) responded to calls from David Einhorn's Greenlight Capital to issued preferred shares to existing shareholders. Apple said it would "thoroughly evaluate Greenlight Capital's current proposal to issue some form of preferred stock" and...
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Thursday, February 7, 2013 - 10:36am
Einhorn Demands Apple Preferred Shares, Says Greenlight Now Holds More Apple Than Ever Before
Shares of Apple (NASDAQ: AAPL) were up more than two percent in pre-market action Thursday morning following some action from activist investor David Einhorn of Greenlight Capital. In a press release from Greenlight, Einhorn urged Apple holders to oppose management's Proposal 2, which would...
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Tuesday, January 29, 2013 - 12:50pm
Seagate Posts Strong Second Quarter, Down on Weak Guidance
Seagate Technology (NASDAQ: STX) posted better-than-expected results for the second fiscal quarter, topping analysts' expectations by eight percent. The Dublin, Ireland tech firm reports a quarterly EPS of $1.38. Analysts expected the company to come in at $1.28. For the quarter, Seagate...
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Wednesday, January 23, 2013 - 3:40pm
Einhorn's Iron Ore Short May Not be Going Well
In a letter to investors data January 22nd, David Einhorn's Greenlight Capital discloses a bearish view on iron stocks. The hedge fund says its bearish view on iron ore is "new" and that it has "shorted a number of stocks in the sector." New is a relative term in this instance as Einhorn was...
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Tuesday, January 15, 2013 - 11:33am
Should Apple Investors Look to Einhorn for a Bailout?
One of Apple's (NASDAQ: AAPL) most vocal supporters in recent months has been the hedge fund manager David Einhorn. As of its last filing in September, Einhorn's Greenlight Capital had over 12 percent of its money tied up in the Cupertino tech giant. Back in July, when Apple was trading near $600...
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Thursday, December 27, 2012 - 11:24am
Should Investors Avoid Einhorn's Tech Picks?
Investors trip over themselves to hear David Einhorn's stock picks, and for good reason. Yet, perhaps they would be better served to avoid some of his calls when it comes to the tech sector. As President of Greenlight Capital, David Einhorn has amassed a large fortune in a relatively short period...
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