A Red Light for Cupertino from Einhorn's Greenlight

IN AN article about Apple published in The Economist last month, we looked at the reasons for the steep fall in the companyâ??s share price since last autumn and suggested that it might be tempted to use some of its $137 billion cash mountain in order to give its stock a fillip. Lo and behold on February 7th the company issued a statement saying that it was examining the possibility of returning more money to shareholders. By the end of trading, its shares had risen 3%, to $468.