Steve Jobs Reassures Employees and Investors

[MacRumors]

Appleinsider republishes an internal email sent from Steve Jobs to employees reassuring them about the recent downturn affecting Apple's stock price.

"As you can see, we have outperformed many other blue-chip tech companies, including Google," he wrote, tacking on a stock performance comparison chart for illustration. "I continue to believe that our fundamentals - our remarkable people, our clear and focused strategy, our new product pipeline, our 200+ retail stores, our $18 billion of cash in the bank with no debt, etc., will serve us well in the coming months and years."

Steve Jobs reportedly remained upbeat, expressing confident that "investors who stay with us will be rewarded as the market's confidence is restored over time".

Apple's stock price reached a peak of over $200 in late December, but has recently dropped down to $130 as of this writing.

Article Link

[Jovian9]

The time to buy is now

[Mykbibby]

The time to sell was at 200

[BrownManUPS]

And the time to gawk at Google's stock is coming!

[Silentwave]

I have a lot of confidence in AAPL. After the last quarterly report, I'm going to buy some stock around now (if my father didn't already handle that for me) while the price is pretty low.

People get their faith shaken by the silliest things... Apple is in a great position now and has a bright future ahead.

[iliketomac]

Buy, Buy, Buy...

Gosh, it's all too volatile nowadays... recession or not.

[Unspeaked]

I certainly don't think Apple's a sinking ship, and I'm sure the stock price will turn around, but any good captain reassures the crew members as the boat goes lower and lower (see Enron, MCI, etc).

(Again, let me reiterate: I am not saying Apple is the next Enron! )

[dabless]

Originally Posted by Unspeaked

any good captain reassures the crew members as the boat goes lower and lower (see Enron, MCI, etc).

YiKES, I sure hope not. Haha. I could never go back to PC.

[lazyrighteye]

Apple is in as good a position as they can be.
Once the market picks up, APPL will follow.

Long term, people.

[081440]

Bought a bunch of Apple last Weds. There is a difference between investing and trading. Investing means you are going to hold onto your shares for the long run, and I believe that AAPL will come back to it's former glory. I'm also rooting for a stock split soon too, can't believe Apple hasn't split itself since it got above 100

[xenotaku]

Originally Posted by 081440

Bought a bunch of Apple last Weds. There is a difference between investing and trading. Investing means you are going to hold onto your shares for the long run, and I believe that AAPL will come back to it's former glory. I'm also rooting for a stock split soon too, can't believe Apple hasn't split itself since it got above 100

Apple stated a while ago they are taking Google route and won't be splitting anytime soon. Why would you want a split anyways? If you have 3000 bucks, it doesn't matter if you buy 3000 shares at 1 buck each or 30 shares at 100 each, its all the same amount of money. If it were to split, there would be more shares outstanding and it would move less.

[theheadguy]

Originally Posted by lazyrighteye

Apple is in as good a position as they can be.
Once the market picks up, APPL will follow.
Long term, people.

Eh... so a bit of honesty if I may? A lot of people say "go long"... I feel like this is just reiterated from some stock program they saw the night before... Example being that anybody who owns the stock knows the correct ticker symbol of AAPL. People here say the media is emotionally involved? Are you kidding me? Everyone on this forum is emotionally tied to Apple (begin people swearing they aren't)...

I hope people here gain advice from people with experienced financial backgrounds. Don't risk your (or your family's) money soley on opinions stemming from this forum. For goodness sake you'd end up buying the wrong stock for starters.

[dabless]

I think he's right, Apple is set for anything the economy has to throw at it. By being smart with money and not being in debt, and with the great products and loyal following they have they will make it through where other's may fail.

I would actually consider buying Apple stock right now, since it's low. Even if it dips lower, I know it will jump back up when the economy is more stable.

[deathshrub]

Anyone who sells right now is a moron. The market always trends up over time.

[eddx]

Forget the MacBook Air, invest that $3000 dollars in Apple Stock today and get a better MacBook Air in 12 months when ur stock has double and your just buying Apple hardware with the interest from the stock, thats how to buy Apple technology, with their own profits lol

[Shacklebolt]

We're all used to Apple's stock dropping a bit after announcements of new products (due to Jobs' remarkable ability to offer us cool stuff while still disappointing us), but it's really tanked since the MBA announcement. Any theories as to why?

[nxent]

Originally Posted by Shacklebolt

We're all used to Apple's stock dropping a bit after announcements of new products (due to Jobs' remarkable ability to offer us cool stuff while still disappointing us), but it's really tanked since the MBA announcement. Any theories as to why?

yeh, from their financial conference call.. while they posted record numbers for the 1 quarter, they gave a 'weak' 2nd quarter forecast. by 'weak', apple really meant 'normal' by most standards. people panicked and sold.

[ScottFitz]

Originally Posted by Shacklebolt

We're all used to Apple's stock dropping a bit after announcements of new products (due to Jobs' remarkable ability to offer us cool stuff while still disappointing us), but it's really tanked since the MBA announcement. Any theories as to why?

I think it has tanked a bit due to the MBA not being viewed as the next killer app. It's not a mainstream laptop. It's not viewed as a breakthrough. The target market is very focused on business travelers. The issue there, of course, if that many business travelers are forced to work with Outlook Exchange. IT guys don't want to have to deal with VMFusion, Parallels or bootcamp. They don't understand it so they don't trust it.

Second point... Netflix is offering as a value added service (internet movie downloads) that Apple is trying to rent for 3 or 4 bucks. netflix timed their announcement very well it appears.

So, the two big things at Macworld were both met with a lukewarm reception for those analysts looking for the next killer mass-market consumer device.

[FX120]

Of course he is going to say that.

He just lost several billion dollars in the last two weeks.

[greendragon]

needs us! i only buy ! boycott amazon! itms rocks! i bleed !!

[lazyrighteye]

Originally Posted by ScottFitz

I think it has tanked a bit due to the MBA not being viewed as the next killer app. It's not a mainstream laptop. It's not viewed as a breakthrough. The target market is very focused on business travelers. The issue there, of course, if that many business travelers are forced to work with Outlook Exchange. IT guys don't want to have to deal with VMFusion, Parallels or bootcamp. They don't understand it so they don't trust it.

Second point... Netflix is offering as a value added service (internet movie downloads) that Apple is trying to rent for 3 or 4 bucks. netflix timed their announcement very well it appears.

So, the two big things at Macworld were both met with a lukewarm reception for those analysts looking for the next killer mass-market consumer device.

Agreed. The MBA, whilst an engineering marvel, is so niche that the rest of us non-business travelers are scratching our collective heads and asking "so, what's next?"

I think the market was/is ready for something fresh. Something new.
A device that redefines what we know as "a laptop," much in the way the iPhone revolutionized the mobile phone. And simply put: the MBA is not that device (and not intended to be that device).

I know it is beating a dead horse here, but I do think the market is ready for/wanting a hybrid iPhone/MacBook. Something larger than an iPhone but smaller than a traditional laptop. I am thinking more tablet/slate than just a sub notebook. So long, clam shell. Hello tablet.

-----

Now until Netflix plays nice and finally allows their streams to work on Macs, this stat is moot. Saying they offer a service is one thing. Actually supporting that service, is a complete different thing altogether.
Sure, Mac compatibility is said to arrive later in the year. But for now, moot for Mac/Netflix users (like myself).

[anubis]

Originally Posted by Shacklebolt

We're all used to Apple's stock dropping a bit after announcements of new products (due to Jobs' remarkable ability to offer us cool stuff while still disappointing us), but it's really tanked since the MBA announcement. Any theories as to why?

Even though Apple posted record profit for Q1, their Q2 outlook was $0.1 billion lower than "analyists" (whoever they are) were expecting, which sent the stock shooting down.

[MacFly123]

Originally Posted by Shacklebolt

We're all used to Apple's stock dropping a bit after announcements of new products (due to Jobs' remarkable ability to offer us cool stuff while still disappointing us), but it's really tanked since the MBA announcement. Any theories as to why?

Yes. It is because of stupid analysts and their unrealistic expectations even in spite of amazing performance and the recession of the economy especially in the tech sector which is also worsened by the analysts.

Hi, I'm an analyst... Let me get some put options on AAPL and tomorrow I will talk trash about it to make myself a fortune and then buy more shares once I make them go down by the power of my words and blame it on a "recession". Then make the shares I just bought go back up the next day when I reassure everyone and reset my target and make myself more money...

Don't even get me started!

[HawaiiMacAddict]

Originally Posted by MacFly123

Hi, I'm an analyst... Let me get some put options on AAPL and tomorrow I will talk trash about it to make myself a fortune and then buy more shares once I make them go down by the power of my words and blame it on a "recession"

Aloha MacFly123,

I don't know very much about options, but think you're stating the opposite of what you should be doing, unless you think AAPL is set to plunge down even further. If you go to Stock Charts and plug in AAPL, then choose to view CCI, Full Schotastics, and Williams %R, you'll see that this is an excellent time for a CALL option, not a PUSH option. In other words, and please correct me if I'm wrong, a call option is purchased when the market is perceived as moving up in the short term, and a put option is purchased when the market is perceived as moving down in the short term.

I will be purchasing some AAPL stock this week, and possibly a call option - I'll have to wait on the option to see what it does over the next few days, but if I buy a contract, will buy one with an expiration date at least 6-12 months away. That way, I can either purchase 100 more shares at the option price or sell it to someone else.

As I mentioned above, I am really a n00b at investing in the stock market, so please correct me if my understanding of call and put options is incorrect. I will still purchase AAPL stock and continue to support Apple - as a switcher since August 2006, I am constantly amazed at the quality of Apple's products and ashamed of my reticence to consider them any earlier.

HawaiiMacAddict

[rtdunham]

Originally Posted by Shacklebolt

We're all used to Apple's stock dropping a bit after announcements of new products (due to Jobs' remarkable ability to offer us cool stuff while still disappointing us), but it's really tanked since the MBA announcement. Any theories as to why?

We get caught up in fancy hardware. But I thought at the time the important announcement at MWSF was not the MBA, but the new TV software and the rental scheme and the availability of movies-to-rent from all six major studios. I saw a related item today that apple's making uncharacteristically little profit on the tv itself. That can only be because it's investing to build a nation's reliance on its hardware/software/retail movie scheme the way it built one for the music business. Could be wrong, but that's my view. Think how many prospects there are for MBAs, compared to the market for a convenient, reliable, appropriately priced method of viewing movies at home. The MBA market pales in comparison, whether or not it proves to be a hit. I think once the apple TV software's released and the studios' movies are in place we'll see aggressive advertising for that new segment of the company's business.