Techmeme: Einhorn to Sue Apple Over Plan to Discard Preferred Stock (Michael J. De La Merced/DealBook)

February 7, 2013, 5:25 PM

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Statement by Apple — By early last year, Apple's cash balance had built to a point beyond what we needed to run our business and maintain flexibility to take advantage of strategic opportunities, so we announced a plan to return $45 billion to shareholders over three years.

More: GigaOM, Fortune, DailyFinance.com, CNET, The Verge, MacRumors, AllThingsD, Tech Trader Daily, 9to5Mac, Digits, Forbes, MarketBeat, The Loop, everythingiCafe, iDownloadBlog.com, iPhone Hacks, Deal Journal and iLounge. Tweets: @dannysullivan

Michael J. De La Merced / DealBook:

Einhorn to Sue Apple Over Plan to Discard Preferred Stock — David Einhorn has long been known as a fervent fan of Apple Inc. But the hedge fund magnate is making an unusually public stand to oppose a move by the maker of the iPad: a lawsuit. — His hedge fund, Greenlight Capital …

More: Reuters, Tech Trader Daily, VentureBeat, CNBC, Business Insider, Forbes, Business Wire, WebProNews, Reuters, Bloomberg, 24/7 Wall St., CNNMoney.com, Deal Journal and Forbes

Javier E. David / CNBC:

Apple Should Distribute Cash, Not Hoard It: Einhorn — Cash-rich technology giant Apple needs to find a way to distribute its cash to shareholders, instead of sticking to the Depression-like mentality that prompts the company to hoard equity, fund manager David Einhorn told CNBC on Thursday.

More: Guardian, ZDNet, TechCrunch, GeekWire, Ars Technica, AllThingsD, CNET, MarketBeat, Fortune, 9to5Mac, Forbes and Deal Journal

Alex Wilhelm / The Next Web:

Apple indicates in public statement that it may accelerate cash returns to its investors

More: Business Insider and DealBook

Nathan Vardi / Forbes:

David Einhorn, Apple, And The War Between Hedge Funds And Silicon Valley

More: Business Insider

Tom Warren / The Verge:

Microsoft's new Xbox will include improved Siri-like speech recognition — Microsoft will greatly improve its speech recognition technology inside the next Xbox, The Verge has learned. Sources familiar with Microsoft's Xbox plans have revealed that Durango, the codename for the next Xbox …

More: CNET, BGR, ExtremeTech, GeekWire, Guardian, Edge Online, Daring Fireball, TechCrunch, Gearburn, Neowin, WebProNews, Joystiq and Softpedia News

Alex Wilhelm / The Next Web:

LinkedIn crushes Q4 expectations with revenue of $303.6M, EPS of $0.35 as it passes 200 million users — Today LinkedIn reported its fourth quarter financial performance, including revenue of $303.6 million, and earnings per share of $0.35, on a non-GAAP basis.

More: TechCrunch, ZDNet, CNNMoney.com, PandoDaily, DailyFinance.com, VentureBeat, CNET, Business Insider, Forbes, AllThingsD and LinkedIn media information …

Tweets: @mikeisaac and @mikeisaac

Jeff Sonderman / Poynter:

NBC closes hyperlocal, data-driven publishing pioneer EveryBlock — NBC News has shut down EveryBlock, one of the early pioneers of data-driven hyperlocal community news and information. — The decision took effect today. Vivian Schiller, senior vice president and chief digital officer of NBC News …

More: The EveryBlock Blog, Adrian Holovaty, ReadWrite, Nieman Journalism Lab, CNET, The Verge, paidContent, VentureBeat, GeekWire, TechCrunch, BostInno and Gawker

Tweets: @emilydreyfuss and @timcohn

See also Mediagazer

Ellis Hamburger / The Verge:

Inbox Unchained: Mailbox just fixed email on the iPhone — How a startup outdid both Apple and Google in one fell swoop — Gentry Underwood had a feeling that his startup might be making some users depressed. Orchestra was Apple's Productivity App of the Year 2011, but users were leaving after a few months using the service.

More: The Next Web, 9to5Mac, Computerworld, 9to5Mac, The Next Web, Engadget, TechCrunch, CNET, AllThingsD, MacRumors, Business Insider, CNN, CNNMoney.com, Gotta Be Mobile and Mashable!

Tweets: @dannysullivan, @stevekovach and @arnoldkim

Mary Jo Foley / ZDNet:

Microsoft's ‘Blue’ wave is coming to more than just Windows — Summary: Blue isn't just the codename of the next version of Windows. It also is the codename for updates to Windows Phone, Windows Server and Windows Services, I'm hearing. — As we've known for a few months …

More: Engadget, Computerworld, WMPoweruser and Neowin. Thanks:@imgrayback_

John Paczkowski / AllThingsD:

Confirmed: BlackBerry to Stop Selling Smartphones in Japan — Looks like the global rollout of BlackBerry's new flagship smartphones will not extend to the entire globe. Certainly it won't include Japan. — Confirming news first reported by the Nikkei, a BlackBerry spokeswoman told AllThingsD Thursday …

More: BGR, VentureBeat, TechCrunch, PandoDaily, Reuters, Engadget, PhoneArena and Electronista

Scott Moritz / Bloomberg:

T-Mobile Says New BlackBerry Testing Well for Mid-March Debut — T-Mobile USA, the fourth-largest U.S. mobile-service provider, said its tests of the new BlackBerry Z10 are going well and it's aiming to be the first American carrier “out of the gate” with the phone next month.

More: BGR, TechCrunch, Gotta Be Mobile, TmoNews, PhoneArena and Pocketnow

Loek Essers / CFOworld:

Facebook deleted all EU facial recognition data, regulators confirm — Both the Irish data protection commissioner and a German regulator confirmed Facebook deleted the data — Facebook has deleted all European facial recognition data, the Irish data protection commissioner …

More: Engadget, The Verge, AllFacebook and The Next Web

Jason Del Rey / AdAge:

Facebook Deal to Buy Microsoft's Atlas Coming As Soon As Next Week — Social Network Is Building An Ad Stack to Rival Google — Microsoft's attempt to find a new home for its Atlas ad-serving business may finally be coming to an end. The company is expected to announce a deal to sell …

More: CNET, AllFacebook, GeekWire and WebProNews

Ken Yeung / The Next Web:

Suicide Girls founder launches mobile-first dating app Let's Date in the US, backed by Science Inc. — Last October, Los Angles-based Science Inc. launched its newest company, Let's Date, a service focused on being your social dating identity. Founded by Sean Suhl, Steve Simitzis …

More: VentureBeat, Betabeat, BetaKit, CNET and socalTECH.com

George Avalos / Mercury News:

Silicon Valley job growth has reached dot-com boom levels, report says — Silicon Valley's job growth has returned to dot-com boom levels and San Francisco has emerged as a major new tech hub. But good times have not returned for all area residents and ethnic groups.

More: Business Insider, Coyote Tracks, SlashGear, Gizmodo, Betabeat and The Verge

John Koetsier / VentureBeat:

800 million Android smartphones, 300 million iPhones in active use by December 2013, study says — By the end of this current year, 1.4 billion smartphones will be in use: 798 million of them will run Android, 294 million will run Apple's iOS, and 45 million will run Windows Phone, according to a new study by ABI Research.

More: Engadget, Business Insider, InfoWorld, AllThingsD, Inquirer and TechCrunch

Ken Yeung / The Next Web:

CoTweet founders launch Seesaw for iPhone, an app that gets your friends' opinion when you need it — The last time Aaron Gotwalt, Jesse Engle, and Kyle Sollenberger worked together was when they founded the social media marketing platform CoTweet. It eventually was acquired by email service provider Exact Target.

More: AllThingsD and VentureBeat

NPD Group:

37 Percent of PC Users Migrate Activities to Mobile Devices, According to The NPD Group — Content that was once primarily accessed by consumers on their PCs, is shifting to mobile devices. According to the Connected Intelligence Application and Convergence Report from global information company …

More: The Next Web, LAPTOP Magazine and ZDNet

Arnold Kim / MacRumors:

Rabbit: A Video Sharing and Chat Service Launching on the Mac Only — At one point in internet history, desktop instant messaging was likely the fastest growing segment of communication technologies. In 2002, even Apple introduced its own messaging client called iChat that was bundled …

More: TechCrunch, Computerworld, GigaOM, TUAW, 9to5Mac, MacNN and blogs.ft.com

Emil Protalinski / The Next Web:

Online learning goes official as five Coursera courses get approved by the American Council on Education — Coursera announced a big milestone today: the first big step towards credit options. The American Council on Education's College Credit Recommendation Service (ACE CREDIT) …

More: Coursera Blog, GigaOM, Geekosystem and VentureBeat

Stacey Higginbotham / GigaOM:

More bad news about broadband caps: Many meters are inaccurate — For the 64 percent of Americans whose internet service provider imposes a broadband cap, and for those lucky enough to have a meter, I have some bad news. The president of the firm who audits many of the country's broadband meters …

More: Policy Blog. Thanks:@katiefehren

JP Mangalindan / Fortune:

eBay is back! — Supercharged by PayPal, the e-commerce company and its stock are red-hot. Watch out, Amazon! — FORTUNE — “I'd like to take you on a journey.” A group of 2,500 eBay employees is assembled at the San Jose Civic, a concert venue a few miles from company headquarters.

Thanks:@jpmanga

Kevin Fitchard / GigaOM:

Facebook isn't making its own phone, but it's pre-loading its software into millions of devices — Facebook wants to ensure that billions of people in emerging markets have access to its mobile apps when they buy their first phones. The social networking giant found an easy solution to that problem …

More: The Register, Pocketnow, Gearburn, Tech in Asia and Spreadtrum Communications …

Zack Whittaker / ZDNet:

Sprint Q4: Loss widens, 1 million subscribers jump ship — Summary: The cellular giant saw its quarterly loss widen as more than 1 million subscribers left the company, thanks to the Nextel side of the business. — Zack Whittaker — Continuing its running streak of weak performance …

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