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Court backs Einhorn bid to stop Apple proxy vote

Safe to assume that hedge fund manager David Einhorn is not going to wind up invited to Apple's next beer bash. Earlier this month, Apple CEO Tim Cook described the lawsuit filed by Einhorn's Greenlight hedge fund as a waste of time and money. Einhorn since took his case directly to shareholders with a public elaboration of his reason why Apple ought to part with some of its $137 billion in cash in the form of issuing preferred stock to investors.

Now U.S. District Judge Richard Sullivan has granted his bid to block next week's shareholder … Read more

Making sense of the PS4 game lineup

NEW YORK--So the world didn't exactly get what it wanted out of Sony's PlayStation 4 debut tonight. There was no sight of the actual console itself and details about its specific release date and price were also nowhere to be seen.

Sony's team-up with Gaikai is sure to net some interesting ideas and implementations with cloud streaming, the sharing of game screens, remote play, and other concoctions, but the games themselves were what made the biggest impact.

Those pondering the PS4's gaming prowess were served an interesting dish. Ten or so major developers were represented in … Read more

Apple hit with another investor lawsuit

Looks like there's a second act for Apple's "silly sideshow."

Another Apple shareholder is suing Apple, Reuters reported today. This time, it's over Apple's executive compensation policy, in addition to the company's intent to eliminate preferred stock for investors.

Pennsylvania resident Brian Gralnick has filed suit against Apple in an attempt to stop Apple from holding a shareholder vote on the two matters. The vote is scheduled for February 27. Gralnick has been a shareholder since 2007, but it's unclear how much of a stake in Apple he owns.

We've contacted … Read more

Apple's Cook calls Einhorn suit 'a silly sideshow'

The recent lawsuit filed by David Einhorn's Greenlight Capital hedge fund is a "silly sideshow" and a waste of time and money, Apple CEO Tim Cook said today.

Cook, speaking during a Goldman Sachs conference in San Francisco, disputed Einhorn's claims that Apple has a Depression-era mindset and said the company makes "bold and ambitious" bets on products while being conservative financially. He noted that Apple invested about $10 billion in capital expenditures last year and that it will spend a similar amount this year along with investing in retail stores, distribution, R&… Read more

Judge accelerates hedge fund's lawsuit against Apple

A federal judge has approved Apple's request to fast-track a lawsuit filed last week by hedge fund manager David Einhorn's Greenlight Capital in an effort to get the electronics giant to share more of its massive cash reserves with investors.

U.S. District Judge Richard J. Sullivan for the Southern District of New York granted Apple's request, moving forward the schedule for a hearing on a preliminary injunction sought by Greenlight Capital. Apple had argued that the proposed meeting would have an effect on its shareholder meeting later this month.

The modification request suggested that document filing … Read more

Einhorn's hedge fund sues Apple: Show me the money

"Show me the money" might have been the most famous line from the old Tom Cruise movie "Jerry Maguire," but that's exactly what a big Apple shareholder wants.

Greenlight Capital, a hedge fund run by David Einhorn, today filed a lawsuit and issued a letter to Apple shareholders (PDF), urging them to support his push to get Apple to share more of its cash with investors.

"Apple is a phenomenal company ... but Apple has a problem," Einhorn said during an interview on CNBC. "It has sort of a mentality of a depression. … Read more

David Gelernter: Bring on the 'stream browser'

Close your eyes and look beyond the Firefox, Chrome, IE, and Safari of today. Do you see a "stream browser"? David Gelernter does.

The Yale computer science professor has been musing about what comes next for all the digital information that swarms and surrounds us, and it has led him to write an op-ed piece on Wired called "The End of the Web, Search, and Computer as We Know It." The emphasis in the online time/space continuum, he says, will be shifting from the "space-based web" of the present day to a "… Read more

Netflix launches all 13 episodes of 'House of Cards'

Netflix users who want to tune int o the new "House of Cards" series can watch all 13 episodes as of today.

Based on a BBC miniseries, "House of Cards" is a drama that takes place in the political underbelly of Washington, D.C., with all the elements designed to lure viewers -- sex, greed, and corruption. The series stars Kevin Spacey as a Washington congressmen with Robin Wright as his wife. They will "stop at nothing to conquer everything," according to the show's description.

Co-produced by Spacey and Oscar-nominated director David Fincher, … Read more

Chinese hackers said to wage cyberwar on The New York Times

After a lengthy newspaper investigation on China's prime minister, The New York Times claims, the newspaper's computer systems were infiltrated and attacked by Chinese hackers.

The attacks began four months ago and culminated with hackers stealing the corporate password for every Times employee, according to the paper. The personal computers of 53 of these employees were also broken into and spied on.

The Times discovered the attacks after observing "unusual activity" in its computer system. Security investigators were then able to get into the system and track the hackers' movements, see what the infiltrators were after, … Read more