What David Einhorn is doing foreshadows the beginning of the end at Apple or something

“Quite a few people downplayed David Einhorn’s Friday court win over Apple. Even TheStreet‘s Antoine Gara referred to it as a ‘small victory,'” Rocco Pendola writes for MarketWatch. “If Tim Cook views it the same way, that’s a major mistake. We could be watching the beginnings of the long-term, post-Steve Jobs unraveling at Apple I warned about shortly after his death.”

“What David Einhorn is in the process of doing to Apple is nothing short of groundbreaking and monumental,” Pendola writes. “In Steve Jobs, David Einhorn had a more-than-worthy battle partner. In fact, if Steve Jobs were alive, my guess is that Einhorn would not have charted the present course. If he did, Jobs would never have let it get to this. He would have shot the whole thing down before it turned into such a massive issue.”

Pendola writes, “Tim Cook calls this thing a sideshow, but it’s his fault it is one.”

Read more in the full article here.

MacDailyNews Take: Blah, blah, blah.

Pendola’s back onto his “Tim Cook isn’t Steve Jobs, so Apple’s doomed” malarkey-fest.

“If Steve Jobs were alive?” If Steve Jobs were alive it would be because he listened to his doctors and had his cancer cut out the day it was luckily discovered, not after dicking around with a Veg-O-Matic for nine months and likely letting it metastasize to ultimately fatal consequence. In other words, Jobs wasn’t an all-knowing God, just a partially-knowing one. He wasn’t perfect; nobody is (look in the mirror right now, Rocco).

And those who underestimate Tim Cook do so at their own peril.

29 Comments

  1. When will these idiots learn that apple is th company – not Steve jobs.

    Steve was a genius but he was only one man.

    Steve made a great company but steves era is over and apple is following and leading their own roadmap.

    The only reason the apple stock isn’t high is because stew jobs isn’t around.

    Well wake up and smell the coffee!

  2. “Is there a meaningful connection between the seemingly unconnected (Einhorn pushing Cook around in a way he never would have and/or could have Jobs) and Apple’s success?”

    Answer: No. Einhorn is promoting the Wall Street “Command and Control” attitude towards Apple.

    Solution: Buy back all the stock to nullify (deball) Wall Street. Wall Street needs to be neutered!

  3. “If Steve Jobs were alive it would be because he listened to his doctors and had his cancer cut out the day it was luckily discovered, not after dicking around with a Veg-O-Matic for nine months and likely letting it metastasize to ultimately fatal consequence.”

    Yep MDN, I’m afraid that’s a fair summary of that whole tragic mistake on Steve’s part. He was a genius in many areas — monumentally stupid in others. Human, in other words.

  4. “We could be watching the beginnings of the long-term, post-Steve Jobs unraveling at Apple I warned about shortly after his death.”
    If you were so prescient, Mr Pendola, why did you have to wait until AFTER Steve’s death to issue this warning? Everything Apple was shortly after his death it was well before his death, too.
    Oh, I get it: You’re feeling under-appreciated so you needed to resurrect some non-issue to get your name back in the news. Enough said.

  5. Another microsoft/google/amazon leg humper. The Wall Street slime case against Apple is political, ultimately.

    Sombebody’s pig is getting, and will get, gored, and the bought meedga propagandists are doing their leghumping best for stop it.

    Fuck em.

  6. This decision is very narrow. The company can only bring one issue at a time for a shareholder vote. In this instance they wrapped 3 issues into a single vote and the judge said you can not do that. All they have to do now is bring the preferred stock issue out as a single issue and get a shareholder vote on just that. What bothers me at Apple is the horrible legal advice they are getting. This is like the 3rd or 4th legal issue that Apple has lost in the last few months. If I had a legal team that was offering this advice I would have fired them long ago.

  7. MDN take is right on. I was getting a bit concerned that MDN was wavering on Tim Cook. Steve picked him for a reason. There are others that post here that want to bring him down, but their real goal is the destruction of Apple. Make no mistake about it.

  8. Considering that 64% I’d apple ownership is institutional, Einhorns suggestion may stick. Institutional investors are not emotionally attached to their stock like us….. They want $$$$$$ not just an empty stock with a low dividend.

    Just sayin….

    1. Agreed. This is exactly Einhorn’s strategy. The line of defense is going to be the board.

      By the way, if Pendola or Einhorn happen to be reading this …. fuck both of you parasites.

  9. If you are at all offended by any of this, you are in the wrong universe. Apple is a corporation. They have a large cash stockpile, larger than they need. They are not a bank. it doesn’t matter if the money is overseas.

    They have to exercise some strategy to divest some of the cash. It is their fiduciary responsibility.

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