I think it is pretty clear the Einhorn is right and Apple is wrong - all he wants is for Apple to split the preferred stock motion into a separate line item in the vote. No big deal, does not mean that they have to issue any preferred stock, just that they need a separate vote and not a bundled vote.
As to the cash holdings, I think that they should distribute some but keep a lot. That "depression mindset" is a pretty useful mindset in these uncertain times.
So you are telling me that AAPL is not going to go higher from here ?.
Even with the most pessimistic future earning prediction. AAPL still going to add another 40 billion with 20% margin.
AAPL is still cheap and it is frustrating that all the bad publicity is making you to believe that Einhorn is stupid for holding AAPL shares.