Einhorn Blasts Dell For Sitting On Cash Like Apple

Law360, New York (February 22, 2013, 1:51 PM EST) -- Dell Inc. investors grumbling about use of the company's $14 billion foreign cash pile to help fund its buyout found an unlikely ally Thursday in David Einhorn, the hedge fund CEO needling another tech giant, Apple Inc., to use its cash to benefit shareholders.

Einhorn, who is crusading to get Apple to share more of its $137 billion reserves, said Dell's leveraged buyout by CEO Michael Dell and Silver Lake Partners is an example of another shareholder-unfriendly cash policy.

“Dell's go-private effort shows the disingenuous nature...
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