Discovery bets on 2 dope series about pot growers

NEW YORK (AP) — Cupcake makers, pawnbrokers and storage container raiders have all had their moments in reality television's spotlight. Now the time may be right for marijuana growers — and the people who chase them.

The Discovery network debuts a six-episode series, "Weed Country," at 10 p.m. Wednesday and will replace it with "Pot Cops" in April. Both examine the marijuana trade in northern California.

It fits Discovery's efforts to introduce interesting subcultures to viewers, said Nancy Daniels, the network's executive vice president for production and development on the West Coast. Discovery tried a series about a medical marijuana dispensary in Oakland two years ago, "Weed Wars," and is sticking with dope even though the show didn't do very well in the ratings.

"We still think it's an interesting world and maybe we didn't tap into the right part of it," Daniels said.

Based on its first episode, "Weed Country" is a nuanced effort at giving equal time to both sides of the issue. Producers find colorful growers who use science to make the best product possible. They don't believe what they are doing is wrong. "We're flying the flag of civil disobedience," one grower said.

The growers may be trying to dodge the law, but don't hesitate to open up different facets of their business to television cameras.

At the same time, "Weed Country" shows the challenges faced by law enforcement. It follows one group's careful training for backwoods missions to find farms guarded by growers who are armed and intent upon protecting their crops.

"It surprised me with how deep and complex it was," Daniels said.

The show does have some distracting reality TV contrivances. Before one commercial break, a grower making a late-night delivery to a customer becomes suspicious of a van that ominously pulls out behind him on a dark road. After the break, the van drives innocently by. At another point, producers lead you to believe the grower is about to be pulled over by police when, after a commercial, it becomes clear the officer is going after someone else.

The "Pot Cops" series will be told from the point of view of law enforcement, after producers reached an agreement for access to officers hunting down marijuana farms in California's Humboldt County.

Discovery had planned to air the two programs back-to-back on the same night and promote it as "Weed Wednesday" on the network. But those plans were dropped because unrelated programming expected to be available this spring had fallen through and Discovery needed "Pot Cops" to fill a hole on its schedule in April.

The change had nothing to do with feeling cold feet about a "Weed Wednesday" promotion, Daniels said.

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Daley turns focus toward Gary

Richard M. Daley has kept a low profile since leaving office in 2011.

That doesn't mean he has lost interest in urban issues. The former mayor has turned his attention in a surprising direction, beyond Chicago's borders to one of the most intractable urban tragedies in America: the collapse of Gary, Ind.

"I always believe no part of America should be forgotten, and I think Gary has been forgotten," Daley said.

Daley is using his influence at the University of Chicago, where he is a distinguished senior fellow, to push a modest but growing amount of manpower toward Gary Mayor Karen Freeman-Wilson.

With guidance from Daley and Freeman-Wilson, University of Chicago graduate students are trying to figure out what to do with Gary's abandoned buildings and how to promote greater use of technology to help the city accomplish more with less, among other projects.

The hope is that the students will go on to help other cities after graduation. If successful, the U. of C.-Gary partnership could be replicated in other industrial towns grappling with decline.

Gary spans about 55 square miles, nearly a quarter of the size of Chicago. Yet the steel town's population has plummeted to an estimated 80,000, meaning the city has lost about half its people since 1960. The city's problems have mounted, including abandoned buildings and homes, sagging infrastructure and a declining budget to pay for services.

Outsiders have tried to fix Gary since at least the Lyndon B. Johnson administration. Freeman-Wilson, a former Indiana attorney general, judge and Harvard College and Harvard Law School graduate, has reinvigorated Gary's renewal efforts. And she's unafraid to ask for help.

Immediately after winning the 2011 Democratic primary, Freeman-Wilson called Daley for advice. They met, and Daley invited her to be the first guest speaker at his lecture series at the University of Chicago's Harris School of Public Policy, where Daley has a five-year appointment.

This quarter, 11 students from the university's public policy, business and social services schools are getting course credit for working on projects for Gary.

"It was Mayor Daley's idea," Freeman-Wilson said as she rode from a meeting on Chicago's West Side to Gary. "I had always envisioned getting the support and work from (University of Chicago Law School) alums, because there were issues around codes and things of that nature. It was not until the mayor came up with the idea of using students from the (Harris) School of Public Policy that I said, 'Oh yeah, that would work. That would work very well.'"

Daley does not teach a class at the University of Chicago. He runs an occasional lecture series.

Carol Brown, his last policy chief at City Hall, leads the program and the class, which is called the "Urban Revitalization Project: City of Gary, Ind." Grants from the Chicago-based Joyce and MacArthur foundations help pay administrative costs, including Brown's salary and that of a part-time assistant.

Last quarter's class was divided into three project teams. One team is cataloging Gary's abandoned buildings, which are magnets for crime and eyesores that further depress surrounding property values. Another is trying to recruit pro bono legal and consulting services for the city. And a third is trying to craft a strategy to clean up front stoops and empty lots one block at a time. This quarter's class also is tackling untapped funding opportunities and economic development.

Freeman-Wilson said a major benefit of the partnership is the fresh ideas from students "who aren't jaded by the limitations of government, whereas a 20-year employee might say, 'Oh, no, we can't do that in government because we don't have X, Y and Z.'"

Already their work has prompted more widespread use among Gary employees of a technology that stores and analyzes geographic data. City workers are now using the technology to map potholes, fallen tree limbs and illegal dump sites. That way work crews can be dispatched to neighborhoods where the problems are most severe.

"This partnership encourages urban planners to think broadly about regions instead of cities — greater Chicago instead of the city of Chicago," said Stephen Paul O'Hara, a historian at Xavier University who wrote a book about Gary.

The students operate as consultants. They gather best practices and ideas from cities around the country and then recommend a course of action. At the end of each 10-week quarter, students present their recommendations to Daley, Freeman-Wilson and their staffs. Their grades are based on those presentations and supporting reports.

"I will tell you, it never stops getting nerve-wracking," second-year graduate student Jocelyn Hare said of presenting to Daley. "But it gets easier."

Last spring, Hare, 32, responded to an email seeking student volunteers to conduct preliminary research to test the idea of a partnership. Hare then interned for the city of Gary during the summer. The Harris school paid her $15 an hour. She then enrolled in the first class in the fall and again this winter, when it was opened to graduate students outside of Harris for the first time.

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Off-duty Chicago police officer dies in SUV rollover on Skyway

Chicago Tribune reporter Peter Nickeas recaps Friday night's breaking news, involving two traffic accidents and one homicide. (Posted Feb. 16th, 2013).

By Peter Nickeas and Carlos Sadovi




Tribune reporters

1:29 p.m. CST, February 16, 2013

A 31-year-old off-duty Chicago police officer who died when the SUV she was driving rolled over on the Chicago Skyway late Friday was on her way to celebrate a new position with the department, according to her family.

Shaunda Bond, 31, was pronounced dead at 1:15 a.m. at the Cook County medical examiner's office. She lived in the 4100 block of South Michigan Avenue in the Bronzeville neighborhood.

The officer's older sister works in the section of the Chicago Police Department that investigates fatal accidents and answered the phone when officers on the Skyway called to notify them of the wreck, police said.

Bond was on her way to meet her cousin Daphne Flores and three other friends at a restaurant to celebrate the woman getting a spot on a tactical response unit, said Flores. Police could not immediately confirm the information.

Bond joined the police department in December 2009 and was assigned to the South Chicago District, which covers the area from 75th Street south to 138th, between roughly Woodlawn Avenue and the state line.

"She loved helping people, she was always able to help somebody," said Flores. "She just had a warm heart."

After college, Bond worked at a rental car company until a spot opened up at the police department, Flores said. She said Bond either always wanted to become a police officer or a teacher. She had two sisters and grew up on the South Side, graduating from Longwood Academy high school.

"She liked working with people, she loved public service work," Flores said.

The crash happened about 10:40 p.m. near 81st Street on the Skyway when the 2003 Land Rover SUV Bond was driving flipped over.

Bond was the lone occupant in the SUV, which was the only vehicle involved in the crash.

According to a witness interviewed by police, her SUV was seen traveling at a high rate of speed before it hit a concrete barrier and rolled.

pnickeas@tribune.com
Twitter: @peternickeas

csadovi@tribune.com

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Facebook hacked, social media company says

(Reuters) - Facebook said on Friday that it been the target of a series of attacks by an unidentified hacker group, but it had found no evidence that user data was compromised.

"Last month, Facebook security discovered that our systems had been targeted in a sophisticated attack," the company said in a blog post. "The attack occurred when a handful of employees visited a mobile developer website that was compromised."

The social network, which says it has more than one billion active users worldwide, added: "Facebook was not alone in this attack. It is clear that others were attacked and infiltrated recently as well."

Facebook's announcement follows recent cyber attacks on other prominent websites. Twitter, the microblogging social network, said this month that it had been hacked, and that approximately 250,000 user accounts were potentially compromised, with attackers gaining access to information including user names and email addresses.

Newspaper websites including The New York Times, The Washington Post, and The Wall Street Journal have also been infiltrated, according to the news organizations. Those attacks were attributed by the news organizations to Chinese hackers targeting their coverage of China.

(Reporting By Tim Reid; Editing by Gary Hill)

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Pistorius' family strongly denies murder charge

PRETORIA, South Africa (AP) — Oscar Pistorius is "numb with shock as well as grief" after the shooting death of his model girlfriend at his home in South Africa, the runner's uncle said Saturday, as his family strongly denied prosecutors' claims that he murdered her.

Arnold Pistorius spoke with The Associated Press and two other South African journalists about his nephew's arrest in the killing of Reeva Steenkamp, who was shot four times on the morning of Valentine's Day. Arnold Pistorius spoke to reporters from the garden of his three-story home in the eastern suburbs of South Africa's capital, Pretoria.

The statement, the first on camera and directly made in person by Pistorius' family, also came out strongly against prosecutors seeking to upgrade the charge against Pistorius to one of premeditated murder, which carries a sentence of life in prison.

"After consulting with legal representatives, we deeply regret the allegation of premeditated murder," Arnold Pistorius said. "We have no doubt there is no substance to the allegation and that the state's own case, including its own forensic evidence, strongly refutes any possibility of a premeditated murder or murder as such."

He said the family was "battling to come to terms with Oscar being charged with murder."

The track star's arrest in the killing of 29-year-old Steenkamp shocked South Africa, where Pistorius was a national hero and icon dubbed the Blade Runner for his high-tech carbon fiber running blades and revered for overcoming his disability to compete at the London Olympics. She was discovered in a pool of blood before dawn Thursday by police called to Pistorius' upscale home in a gated community. Authorities said she had been shot four times, and a 9 mm pistol was recovered at the home.

Pistorius remains held at a police station pending a bail hearing Tuesday. Police have already said they'll oppose Pistorius being released before trial. A premeditated murder charge also makes it more difficult for his defense team to get bail.

On Saturday afternoon, Pistorius' lawyers visited the Brooklyn police station in Pretoria, where the athlete is being held. His younger sister Aimee, who stood alongside Arnold Pistorius when he made his statement, also was at the police station later.

There will be a variety of hearings before Pistorius, 26, could go on trial. In South Africa, there are no juries, so a judge ultimately would decide Pistorius' guilt or innocence, sometimes with the help of two advisers. At an initial hearing Friday, Pistorius sobbed and held his head in his hands at times. He has yet to enter a plea in the case.

The family denial that Pistorius committed murder doesn't necessarily mean that they say he didn't shoot her, as murder is a legal term. Initial speculation immediately after the shooting Thursday suggested that it could have been accidental, though police say they are not currently considering that.

Arnold Pistorius did not discuss the circumstances of the shooting, but said that his nephew and Steenkamp had become very close since they started dating in November.

"They had plans together and Oscar was happier in his private life than he had been for a long time," the uncle said.

As Arnold Pistorius read his statement, Pistorius' sister Aimee stood nearby and broke down in tears at one point. Her uncle stopped reading for a moment to put his right arm around her. Pistorius remains very close with his uncle, a man he once lived with as a teenager.

"Words cannot adequately describe our feelings," his uncle said. "The lives of our entire family have been turned upside down forever by this unimaginable human tragedy and Reeva's family have suffered a terrible loss. As a family we are trying to be strong and supportive to Oscar as any close family would be in these dreadful circumstances."

The entire family was "devastated," Pistorius' uncle said, and was "grieving for Reeva, her family and her friends."

Since news of the killing, shock waves have rippled across South Africa, a nation of 50 million where nearly 50 people are killed each day, one of the world's highest murder rates. U.N. statistics say the nation has the second highest rate of shooting deaths in the world, behind only Colombia. Others have focused their attention on Pistorius and his fascination with fast cars, cage fighting and firearms.

Steenkamp, who graduated from law school, is known in South Africa for appearing in commercials and as a bikini-clad model in men's magazines. On Saturday, South Africa's state broadcaster SABC planned to air a reality TV show featuring the model. Another portion of the show released earlier Saturday included a clip of her swimming with two dolphins, which tap her on the cheek with their snouts.

"I think the way that you go out, not just your journey in life, but the way that you go out and the way you make your exit is so important," the blonde-haired Steenkamp says in the video. "You either made an impact in a positive or a negative way, but just maintain integrity and maintain class and just remain true to yourself.

"I'm going to miss you all so much and I love you very, very much."

___

Jon Gambrell reported from Johannesburg.

___

Gerald Imray can be reached at www.twitter.com/geraldimrayAP . Jon Gambrell can be reached at www.twitter.com/jongambrellAP .

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UN warns risk of hepatitis E in S. Sudan grows

GENEVA (AP) — The United Nations says an outbreak of hepatitis E has killed 111 refugees in camps in South Sudan since July, and has become endemic in the region.

U.N. refugee agency spokesman Adrian Edwards says the influx of people to the camps from neighboring Sudan is believed to be one of the factors in the rapid spread of the contagious, life-threatening inflammatory viral disease of the liver.

Edwards said Friday that the camps have been hit by 6,017 cases of hepatitis E, which is spread through contaminated food and water.

He says the largest number of cases and suspected cases is in the Yusuf Batil camp in Upper Nile state, which houses 37,229 refugees fleeing fighting between rebels and the Sudanese government.

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Romanian movie 'Child's Pose' wins at Berlin fest

BERLIN (AP) — Romanian director Calin Peter Netzer's movie "Child's Pose" has won the top Golden Bear award at the annual Berlin film festival.

A runner-up Silver Bear went to Danis Tanovic's "An Episode In the Life of an Iron Picker," in which a Bosnian Roma, or gypsy, couple re-enact their own struggle to get treatment after their baby died in the womb. Nazif Mujic, the husband, was voted best actor by the festival jury on Saturday.

Best actress was Paulina Garcia for her part in Chilean director Sebastian Lelio's "Gloria."

American filmmaker David Gordon Green was honored as best director for "Prince Avalanche," a movie about two road workers whiling their way through a long, monotonous summer.

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Illinois corporate tax credits swelled to $161 million 2011

When lawmakers raised taxes on Illinois residents and businesses, they also increased corporate income tax breaks for a select group of companies.

In 2011, businesses were eligible to claim about $161 million in tax credits — double from the prior year — mostly because of the increase to 5 percent from 3 percent in the state's personal income tax rate, which is a factor in determining the value of the incentives. The boost marked the largest increase in the Economic Development for a Growing Economy tax credit program, the state's main economic development program, since its creation in 1999.

Deere & Co., Boeing Co. and Caterpillar Inc., whose leader severely criticized lawmakers for tax hikes, were among dozens of companies that received more robust tax breaks. Some companies' deals also allowed them to be in line to receive tax incentives even while laying off workers or lowering wages.

The EDGE program allows a business to claim a credit against its corporate income tax liability if it agrees to create and/or retain jobs and make an investment in the state of at least $1 million, for companies with fewer than 100 workers, and at least $5 million for larger companies.

Once accepted into the program, which typically lasts 10 years, a company applies on an annual basis for a tax credit certificate, similar to a voucher, which it can claim when it files its taxes.

Marcelyn Love, a spokeswoman with the Department of Commerce and Economic Opportunity, which administers the program, said that under the tax credit program companies make investments and employ workers, practices that otherwise would not have occurred without the credits.

"Both the private investment and the increased employment significantly increase tax revenue collection for the state in excess of the credits given," Love said in an email. Far from adding to the tax burden, she added, these incentives actually generate revenue for the state. "Further, most of these tax credits pay for themselves within two years."

The certificates are the only way to gauge the potential cost and scope of the program, because tax filings are not public. The Tribune obtained the 2011 certificates data, the latest year available, under the state's Freedom of Information Act. Companies have as many as five years to redeem a certificate.

After a deal is finalized, a company has two years to meet its side of the bargain and begin applying for certificates. Thus, the increase in the total value of 2011 tax breaks is also the result of companies receiving certificates for the first time. For example, Ford Motor Co. began applying for its certificates in 2010 from a 2007 deal.

During Gov. Pat Quinn's administration, companies have received increasingly larger deals. Many have been for retaining jobs, according to a Tribune analysis. In 2011, Sears Holdings Corp. was offered a tax credit package worth $150 million over 10 years to keep its headquarters in the state and retain at least 4,250 full-time jobs. The company, which after the deal was announced revealed that it was closing 125 stores nationwide, has yet to apply for a certificate. Five of those stores were in Illinois. State officials have said that during a recession, when few jobs are created, it's important to focus on retaining workers.

Chris Brathwaite, a Sears spokesman, said the company's employment level at its headquarters is higher than the more than 6,000 jobs it had when the deal was approved, but he declined to provide figures.

In general, the value of a certificate equals the number of jobs created and/or retained, multiplied by wages tied to those jobs and the state's personal income tax rate.

That means companies that didn't add one worker and kept wages at the 2010 rate received a 67 percent boost to their 2011 corporate income tax break. Just like individuals, corporations also registered a tax rate increase in 2011. Lawmakers set the new corporate income tax rate at 7 percent, up from 4.8 percent. The increases in breaks partially offset that hike.

The formula under which companies become eligible to receive tax breaks was aimed at encouraging job creation and increasing employee wages. Still, the 2011 data revealed that some companies made deals to allow job cuts and still qualify for incentives, a practice known as "normal attrition."

A case in point is Motorola Mobility. For the past two years, Motorola Mobility has qualified for certificates worth a total of $22.6 million while slowly chipping away at its workforce. Late last year, the smartphone-maker, which was acquired by Google Inc. in May, announced it was laying off 20 percent of its global workforce. Locally, the company cut hundreds of workers, bringing its Illinois head count to about 2,300, a figure that would make it ineligible for a 2013 certificate unless it boosts its workforce before the end of the year.

The Department of Commerce and Economic Opportunity said the EDGE program played a crucial role in keeping Motorola Mobility in Illinois after it was acquired by Google. Its presence, the agency said, is drawing more technology investment and jobs to the state.

A state lawmaker wants the state to end the wiggle room practice, cap at $100 million the annual amount of tax breaks awarded and remove the investment bar so more small and medium-size businesses can qualify for breaks.

"Large multinationals are getting all the breaks," said Rep. Jack Franks, D-Marengo, adding that his focus is to modernize the program and increase accountability.

Franks' House Bill 1336 would also limit the length of the tax breaks to five years and require that companies pay workers at least the median salary of their occupation as determined by federal data. The bill also eliminates the provision requiring companies to make a capital investment in the state of at least $1 million or $5 million, depending on their size. And it creates a nine-member board to oversee the deals, with members appointed by the governor and approved by the state Senate.

Franks said that the Department of Commerce and Economic Opportunity shouldn't promote the program while also negotiating deals with companies, because it creates a conflict of interest.

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Obama arrives in Chicago to address economy, violence

President Barack Obama is in Chicago today to talk about helping struggling families and also touch on the wide-ranging approach he thinks the country should take to fighting gun violence.

Air Force One landed at 1:23 p.m. at O'Hare International Airport. 

The president, wearing a black overcoat, walked off the jet accompanied by many members of the Illinois Congressional delegation,

Obama was greeted by greeted by Mayor Rahm Emanuel, whom he patted on the back before boarding the Marine One helicopter.

After a quick flight with a clear view of the skyline and the lake shore, Marine One landed at 1:48 p.m. at the Burnham Park landing zone, very close to Lake Michigan and slightly south of McCormick Place.

The president walked to his limousine and the motorcade headed to the event.

The president is headed to Hyde Park Academy this afternoon, where his remarks will be devoted to the “ladders of opportunity” he thinks will help working families, like raising the federal minimum wage and investing in education, a senior administration official has said.

Before speaking at the school, Obama plans to meet privately with 16 students involved in a youth anti-violence program, a White House spokesman said.

He’ll also talk directly about gun violence, aides say, in a visit that comes just days after the funeral of Hadiya Pendleton, a teenager killed in a shooting a mile from the Obamas’ South Side home. After attending the services for Pendleton, first lady Michelle Obama invited her parents to join her in the balcony for the president’s State of the Union address Tuesday night.

At the school, members of the Pendleton family had arrived. Also on hand were members of the Wortham family. Chicago Police Officer Thomas Wortham IV was fatally shot in front of his parents’ Chatham home in 2010 when attackers tried to rob him of a new motorcycle.

Religious leaders including the Rev. Byron Brazier, pastor of Apostolic Church of God in Woodland, and the Rev. Michael Pfleger, pastor of St. Sabina Catholic Church, are in the audience.

Among the city's political class, Obama adviser David Axelrod and Chicago Alds. Pat Dowell, Leslie Hairston and Willie Cochran were there. Mayor Rahm Emanuel, Gov. Pat Quinn and U.S. Sen. Dick Durbin are scheduled to attend.

The president is expected to speak about 2:40 p.m. and later head to Florida for some rest and relaxation during the President's Day weekend, the White House has said.

But the president’s emphasis this week is on promoting job creation and economic recovery, aides say, in the belief that solutions to violence and other social problem hang in the balance.

He and Vice President Joe Biden have made the case in recent weeks that the solution to gun violence isn’t just about gun control, but also about improving access to educational opportunities, social programs and mental health services.

To clear these pathways to the middle class, Obama on Tuesday night proposed creating “promise zones” in 20 struggling communities, helping them develop plans and leverage federal resources to increase economic activity.

He also proposes a plan to support summer and year-round jobs for low-income youth and to put long-term unemployed and low-income adults back to work.

Clergy, activists, parents and others in Chicago have said they are eager to hear a plan of action from the president to curb violence.

Annette Nance-Holt, whose 16-year-old son Blair was killed in 2007, said that if the president can set up a task force in Newtown, Conn., where a gunman killed 20 children and six adults at an elementary school Dec. 14, he can do the same in Chicago.

Cathy Cohen, founder of the Black Youth Project, said she hopes to hear a plan on how to get illegal guns off the street and how to get young people working.

Clergy said they hope the president talks about broader factors contributing to the city's violence, such as a high unemployment rate and a lack of adequate funding for local schools.

Chicago's homicides in recent years have numbered far below their annual total of more than 900 in the early 1990s. But while Chicago topped 500 homicides last year, the total fell below 500 in New York City, which has about three times the population of Chicago.

White House pool reports contributed.

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Big hedge funds fueled fourth-quarter dive in Apple shares

BOSTON (Reuters) - Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.

Noted stock pickers including Leon Cooperman, Eric Mindich and Thomas Steyer unloaded billions of dollars of Apple shares between September 30 and December 31, according to disclosure documents filed on Thursday.

Shares of Apple rose to an all-time high of $705.07 on September 21 but ended 2012 down more than 24 percent from that peak as investors worried about increasing competition and declining profit margins.

The shares also may have dropped because their price rose too much, too fast.

"The stock just went up so much in early 2012 and then was coming back to earth," said Justin Walters, co-founder of Wall Street research firm Bespoke Investment Group. "Three months from now, we'll be seeing a lot of the people who sold starting to pick it up again."

The fourth-quarter sellers avoided even deeper losses. Apple's shares have lost 12 percent so far this year. The shares lost 42 cents, or 0.1 percent, to close at $466.59 on the Nasdaq on Thursday.

Cooperman's Omega Advisors fund dumped its entire stake of more than 266,000 shares during the fourth quarter, according to its required quarterly disclosure form filed with the Securities and Exchange Commission.

Mindich, named the youngest partner ever at Goldman Sachs before starting his Eton Park Capital Management fund in 2004, got out of Apple entirely in the fourth quarter after making big sales in the third quarter as well. Eton owned 600,000 shares at the beginning of 2012.

Farallon Capital, the hedge fund founded by Steyer, sold 137,000 shares. Steyer, who once worked on the Goldman Sachs risk arbitrage desk under Robert Rubin, stepped down at the end of the year from the firm, which he founded in 1986. Rubin served as U.S. Treasury secretary from 1995 to 1999.

Jana Partners, an activist fund run by Barry Rosenstein, also unloaded its entire Apple stake of more than 143,000 shares. Other notable sellers included Third Point LLC, which had owned 710,000 shares, Viking Global Investors, which dumped 1.1 million shares and Lone Pine Capital, which sold over 800,000 shares.

A much smaller line up of funds bought shares amid the stock's crash. David Tepper's Appaloosa Management nearly doubled its stake during the quarter to about 913,000 shares. George Soros more than doubled his stake to about 184,000 shares. And David Einhorn, who last week sued Apple in a bid for higher dividends, added 20 percent to his holdings to end the quarter with 1.3 million shares.

PROFITABLE TRADES

Despite the plunge in Apple's stock price, most of the managers likely exited their positions with substantial profits because they bought years earlier.

Rosenstein and Cooperman, for example, both started gathering their stakes in the middle of 2010, when Apple shares traded below $300.

At the time, the company's iPhone 4 was beset by alleged faulty reception, a problem that became known as "antennagate." Apple's then-chief executive, the late Steve Jobs, famously dismissed the issue, saying "we don't think we have a problem." But Apple offered customers a free bumper case that was supposed to minimize any issues.

Customers did not seem to care, snapping up millions of iPhones and sending Apple's share price up almost 50 percent over the next year.

Apple came under further scrutiny last week from Greenlight's Einhorn. Einhorn filed a lawsuit to block changes in Apple's policy for issuing preferred stock. Instead, Apple should issue a new class of preferred stock to share more of its $137 billion cash hoard with shareholders, Einhorn said.

Apple Chief Executive Tim Cook dismissed the moves as a "silly sideshow" on Tuesday.

SOME TRIMMED

Not all well-known hedge fund fans of Apple cut ties in the fourth quarter. Some only trimmed their holdings.

Philippe Laffont, who worked under famed hedge fund manager Julian Robertson before striking out on his own at Coatue Management, sold about 18 percent of his Apple shares. Coatue ended the year with a still sizable 643,000 shares.

Chase Coleman, another manager who worked for Robertson, reduced the Apple stake at his Tiger Global Management fund by 19 percent to just over 1 million shares.

Robertson's own Tiger Management LLC fund trimmed its Apple stake by 28 percent to about 42,000 shares.

Large hedge funds are required to disclose their U.S. stock holdings within 45 days after the end of each quarter.

But the filings may not give a complete picture of each fund's moves, since only U.S.-listed shares and options must be revealed. Bonds, foreign shares and derivatives are not included, and short positions, or bets that a stock will fall in price, are not listed.

(Reporting by Aaron Pressman; Additional reporting by Katya Wachtel, Svea Herbst, Sam Forgione and Jennifer Ablan in New York; Editing by Steve Orlofsky and David Gregorio)

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