From Einhorn’s perspective, the lawsuit is no longer necessary: he got what he wanted.
Purpose of the call? To tell investors why each Apple shareholder should get perpetual preferred stock, for free.
AOL revealed exactly how it would be paying back $1.1 billion to shareholders following Microsoft’s patent purchase.
Apple has the best kind of problem: A sizable $90 billion in cash burning a hole in its pocket.
As VentureBeat’s Jolie O’Dell pointed out yesterday, Facebook CEO Mark Zuckerberg managed to strike a deal with some key investors and friends that gives him 57 percent of the shareholder voting power. For a public company, it’s an almost unheard of concentration of authority, a troubling sign for those who focus on shareholder rights.
Amazon might have grabbed a first-mover advantage by beating Apple and other companies to the punch with a web-based music storage and streaming service — but it wasn’t enough to floor investors in the same way companies like Apple have done in the past with these kinds of announcements.