Apple of assail of green smooth capital lays in cash in great quantities

David Aiyin of manager of fund of malic partner, green smooth capital Huo Entravel mugs stainless

Beijing time on Feburary 22 morning message, malic partner, green smooth capital (David Aiyin of manager of Greenlight Capital) fund Huo En (David Einhorn) Zhou Si expresses on conference of malic investor telephone, the apple lays in the behavior existence flaw of cash in great quantities, and a plan that he offers can solve this one problem.

Dust Yinhuoen says: "A lot of people had asked, why not flat increase dividend? This sounds very complex, actually not complex, it is a the best selling canon ef 15mm bit unfamiliar only. It is a bit unfamiliar only..

The solution of green smooth capital is to issue a kind new, "Every quarter pays the dividend of every 0.5 dollars, carry out all the time go down. " this kind new the name is " permanent and preferential " , can obtain dividend in that way to common stock, but share price is 50 dollars only, dividend is inferior also -- have 2 dollars every year only, and every dividend of malic common stock is 10.6 dollars.

Dust because Huo En plants this new name for " IPref " , annual dividend yield is 4% . He expresses, of these stocks trade will distinguish with existing malic stock come, and existing investor can obtain freely or more an IPref. north face shirts

Dust because Huo Ren thinks, this action will help malic general share overseas cash reserve in a bank collects an American home, attract a batch of person that yearn for the low venture capital investment of fixed redound for this company.

Green smooth capital is some earlier this month moment sues an apple, try to block next week a draft resolution in shareholder plenary meeting, this draft resolution handles change apple preferential means.

watch casesLibrary of · of Mu of malic CEO the base of a fruit is overcome (Tim Cook) is in subsequently Gao Chengke call this action on ability and Internet congress " foolish variety " , it is the resource in wasteful both sides. This company still censures in the file dust Yinhuoen is with partner " hostage " , coerce an apple to reach the agreement that accords with interest of its finance affairs.

The apple announced to send breath plan last year, counter-purchase share of 10 billion dollar, responded to the doubt since investor is long-term. But include dust Yinhuoen inside partial investor still thinks, this company can solve cash problem through more measure -- the ready money that this company has more than 2/3 at present is off shore capital.

Dust Yinhuoen expresses, gain capability of the apple is very strong, although implement this one pla free memory laptop toshiba n,also won't be opposite the cash ability of this company produces an effect. "I do not know what their plan is, also do not need to know. The glamour of this project depends on, can make them free expand business. " he says.

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Dust Yinhuoen says, malic profit is 40 billion dollar about, cash is 137 billion dollar, but did not make full use of however these capital. Still an investor lays in assimilate to in the cash of apple of telephone conference admiral " longing dates, but be in by the lock however 7 in the home beautiful daughters. But be in by the lock however 7 in the home beautiful daughters..

Dust Yinhuoen still thinks, the cash reserve in a bank with giant apple lays in drag in the energy of the company: "When the market canon ef 15m the best selling memory laptop toshiba m prise of a company has 1/3 to come from cash, the energy that requires investment comparatives with respect to meeting and administrative company. " at present according to the apple the share price of 447 dollars is calculated, 1/3 what the cash reserve of this company occupies market prise fitly.

But be not everybody to be agreed with dust Yinhuoen's view, for example, fund company Nathan Cummings Foundation CEO cheats the Er in · case on the west (Simon Greer) thinks his plan too nearsightedness, helpless administer state and creation at promoting a company long-term value. Gelier does not object permanent and preferential concept, but he thinks dust free canon ef 15mm the right that because Huo En's plan is met,limits partner.

Investment firm Bespoke Investment Group also thi scooby costume nks, malic cash is occupied mediumly in market prise taller than calculating. This company says in statement: "Acting 2000 first, malic cash occupies the per cent of market prise to may exceed 50% . During financial crisis, scale also is achieved 37% . Scale also is achieved 37% ..

Malic general at next week 3 year shareholder plenary meeting is held in headquarters o most popular selling canon ef 15mm f Nuo of the base of a fruit of California library Po, discuss group int free t mobile prepaid cards erest and stock likely to counter-purchase wait for a problem. (Think of far)