11:14 AM David Einhorn says he has met with Tim Cook and CFO Peter Oppenheimer in recent weeks about his preferred stock proposal, and that the two sides continue to talk in spite of his lawsuit. Einhorn adds Cook has been more receptive than Oppenheimer, and that he remains a fan of the Apple (AAPL +1.7%) CEO''s performance. Meanwhile, the sell-side is giddy at the prospect of fresh cash distributions: Barclays thinks Apple can increase its payout by 30%-40% without tapping overseas cash. (more) Read comments
AAPL price at time of publication: $475.97. Check AAPL price now »
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