Tim Cook Speaking at Goldman Sachs Conference Tomorrow, Apple Providing Live Audio Stream

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 11, 2013.

  1. macrumors bot

    MacRumors

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    As noted by The Next Web, Apple has updated its investor page to announce that it will offer a live audio stream of a presentation by CEO Tim Cook tomorrow at the Goldman Sachs Technology and Internet Conference. Cook has spoken at the annual event several times in the past, including last year in his first visit as Apple's CEO.

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    Cook is unlikely to make any product announcements during the session, but he should offer some insight into Apple and its business. As a result, Apple is providing a live stream of the session to provide public disclosure of any statements he might make that could influence trading in the company's stock.

    The session begins at 10:15 AM Eastern / 7:15 AM Pacific tomorrow.

    Article Link: Tim Cook Speaking at Goldman Sachs Conference Tomorrow, Apple Providing Live Audio Stream
     
  2. macrumors regular

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    #2
    He's going to have a lot of upset people on the line! Going to need to explain how he added over 20 billion dollars in cash over the last 2 quarters but lost 200 billion in market cap.

    Shareholder protection was poor! Buyback, buyback, buyback!
     
  3. macrumors member

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  4. macrumors G3

    NT1440

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    #4
    HE has the onus of explaining how the stock market is a giant card game?

    Wouldn't Goldman, the best in the biz at playing the game (look at goldman employees in the white house throughout our last 30 years) be better suited at explaining how a quarter with many record breaking sales lost stock price? ;)
     
  5. macrumors 68020

    Squilly

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    #5
    This'll be interesting. Wonder whats going to happen to the stock price.
     
  6. macrumors 65816

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    #6
    If he plays his words right, the Apple stock may go up after the event
     
  7. macrumors G3

    puckhead193

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  8. zin
    macrumors 6502

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    #8
    Goldman Sachs?

    I can smell the stench of that rotten business from here. Yuck.
     
  9. macrumors 604

    ArtOfWarfare

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    #9
    I would think MacPros would be announced at a pro event, not an investor event...
     
  10. macrumors 6502a

    DipDog3

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    #10
    Will probably announce more of a cash dividend, that will help out the stock a little...
     
  11. macrumors 6502a

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    #11
    a bit extreme wishful thinking eh
     
  12. macrumors regular

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    #12
    Haha you aren't wrong! But the CEO/CFO has a responsibility to the shareholders as well. Missing expectations and praising yourself repeatedly for the success of the company is not exactly how you do that. Missing expectations is okay, but you have to polish the turd (Bezos does a great job with this and Amazon).
     
  13. macrumors G3

    NT1440

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    #13
    But there is no turd. Apple only let down in the iMac line, other than that its records, for like the 20th straight quarter.

    People forget that on its own just the iPhone constitutes an industry that is bigger than Coca-Cola!

    But of course, Wall Street has never run on reality, just a shell game.. Stocks go up and down, but everyone in the know still makes the money.
     
  14. macrumors regular

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    #14
    The turd here is that growth has dropped off huge in iPhone sales, revenue and EPS YOY. Numbers were great, but growth has dropped off a cliff. EPS was 7% growth, compared to 116% a year ago.

    That needed some polishing - maybe in the form of a larger dividend or buyback. Maybe by hinting that new products that don't currently exist in Apple's product lines are not far away. Maybe by hinting that new deals will be around the corner for other foreign carriers where the iPhone has minimal exposure. Who knows, I won't pretend to be the CEO of Apple! Just stating that when you miss the street, it's a turd. You need to polish that turd or your stock takes a beating. That is part of the CEOs job, and Tim let down the shareholders by not doing so.
     
  15. macrumors newbie

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    #15
    COUld not agree more. The very douchebags destroying the planet.
     
  16. Guest

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    #16
    Goldman Sachs? Goldman and Sachs? The very big name representatives of what is worst in this world nowadays?

    Pass.

    Just another evidence of Cook pandering to investors before users.
     
  17. macrumors 68020

    AHDuke99

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    #17
    As an Apple investor, I hope he delivers some good news..
     
  18. macrumors P6

    Peace

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    #18
    Last year he did this after the stock market closed. This time he's doing it while the market is open. My guess is whatever he says won't affect the stock or it will rise.

    Strategic timing.
     
  19. macrumors 68030

    basesloaded190

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    #19
    Isn't that what a CEO of company is supposed to do?
     
  20. macrumors 68020

    Solomani

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  21. macrumors member

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    #21
    Do you remember the times when Apple keynotes where all about new products and services and not about how much money they were raking in?

    Those were good times. I miss those times.
     
  22. macrumors 68000

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    #22
    Apple has reached a point in its economic life where it can and must take charge and not twist in the wind of Wall St anymore.

    Because Apple management and employees have so much compensation in stock, it is likely that there will be a real effort to raise the its value and to decrease its volatility. It is really hard to think they wouldn't.
     
  23. macrumors member

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    #23
    Occupista kids who have no idea how businees works and make ridiculous statements like this shouldn't be commenting on articles dealing with these subjects.
     
  24. macrumors member

    Builddesign

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  25. Rocketman, Feb 11, 2013
    Last edited: Feb 11, 2013

    macrumors 603

    Rocketman

    #25
    As CEO of a publicly traded company he is not likely to make any disclosures that would constitute news. He is likely to help clarify the thinking of analysts in his view or opinion of the facts already presented. Spin if you will, but spin toward the centerline of fact and experience as viewed by the public already.

    His pilgrimage to G-S is an expectation but has no either positive or negative implication on either the business or the stock.

    AAPL price has settled back to the 5-6 year long price channel it broke out of a couple of years ago. Slow and steady wins the race from this point forward. AAPL as a stock is now a safety play. IMHO of course. YMMV.

    As for the comments about G-S and its tactics, it's not just an investment bank, it's OUR investment bank. You definitely want them on the side of your country when bad stuff is happening. Bad stuff the government caused but G-S simply traded on and profited from. Yes they have their hands in everything, especially in the smoke filled rooms.

    Rocketman
     

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