John Paczkowski

Recent Posts by John Paczkowski

Einhorn to Apple: No Hard Feelings Over That “Depression-Era Grandmother” Comment, Okay?

GrannyApple’s new capital allocation plan isn’t quite what Greenlight Capital founder and famous Apple bull David Einhorn was looking for earlier this year when he called for the company to abandon its Depression-era grandmother mentality about its cash hoard. Certainly, it’s not even close to the perpetual preferred iPrefs he proposed. But Einhorn is plenty happy with Apple’s decision to raise its dividend by 15 percent and significantly increase its stock buyback program.

“We applaud Apple’s decision to borrow money and return excess capital to shareholders, an idea that was off the table only months ago,” Einhorn told AllThingsD. “This positive development represents a more shareholder-friendly capital allocation policy and demonstrates the conviction of Apple’s management and board in the Company’s future.”

Positive development, indeed. As Moody’s noted this morning, Apple, at $11.1 billion, will be the largest U.S. non-financial dividend payer in 2013, ahead of Exxon and AT&T.

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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work