John Paczkowski

Recent Posts by John Paczkowski

Einhorn’s Greenlight Drops “Silly” Apple Suit

We wish people involved in this lawsuit would take this money and donate it to a good cause. This is a waste of money for all involved. It’s a silly sideshow.
— Apple CEO Tim Cook

Hedge fund magnate and famous Apple bull David Einhorn has dropped his lawsuit against the company in which he holds some 1.3 million shares.

Einhorn’s Greenlight Capital on Friday withdrew the suit it brought against Apple over a proxy proposal that would have allowed shareholders to vote on eliminating preferred stock from the company charter. Last week, Apple yanked that proposal from its shareholder meeting, after a federal judge ruled it had been “impermissibly bundled” with other matters requiring shareholder consideration, and issued an injunction preliminarily blocking a vote on it. Apple CEO Tim Cook had characterized Greenlight’s suit as a “silly sideshow.”

Reached for comment, a Greenlight spokesman said the suit had served its purpose: “Apple removed the bundled proposal from the shareholder meeting, therefore resolving the issue.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus