Hedge fund star manager David Einhorn was arguably Apple Inc’s biggest cheerleader on Wall Street with a stake worth about $600 million and an oft-cited prediction that the company’s market value would hit $1 trillion some day.
So it was a shock on Thursday when Einhorn announced that he was suing Apple to get it to deploy its $137.1 billion cash pile more effectively and arrest a 35 per cent drop in its share price from a record high logged last September.
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