Apple Stock Options Fallout Continues

[Peace]

Apple took a $84 million charge due to back-dating.

Want some contrast ?

"Last week, Juniper Networks admitted that it would have to take a $900 million charge, while civil and criminal charges have been filed against several former executives of storage vendor Brocade Systems."

From Cnet News

MacVault your implication that only the guilty hire lawyers shows how the average person thinks.

 

[IJ Reilly]

Is it? Or is it people coming to there senses after an overreaction?

The markets often act on pure emotion -- fear vs. greed. Yesterday it was fear, today it's greed. It's difficult to describe either emotion as being very sensible.

Why would Jobs have just hired an attorney if he is innocent?

Now, there's a great bit of reasoning for you.

 

[tmornini]

I hate to say I told you so...

So stupid to advise this...!!!

Of course, if Steve Jobs leaves or resigns I wouldn't be surprised... such is the evil of the corporate life.

But I *did* tell you so.

Most people (perhaps yourself included) buy and sell in the stock market the opposite of the way they should, both at the wrong times (buy on good news, sell on bad news) for emotional reasons.

For me, I'll buy emotional shares at a 12% emotional discount *happily*.

Apple is a long-term buy, and likely has years of good news ahead, much like Microsoft in the 80/90's. Buying on bad news, and thinning holding on good news is a good way to manage your risk and increase your profits during that time.

 

[IJ Reilly]

Apple is a long-term buy, and likely has years of good news ahead, much like Microsoft in the 80/90's. Buying on bad news, and thinning holding on good news is a good way to manage your risk and increase your profits during that time.

I'd certainly like to think so, but realistically I recognize that Apple is always one product flop away from a major loss of investor confidence. Apple has forever been viewed as a company that defies gravity, and I don't expect that treatment to change any time soon. This is very unlike the way the markets regard Microsoft, a company that can turn out one flop after another, and nobody much cares. The second major caveat is one we've talked about: Apple's over-dependancy on the cult of personality. Apple needs a clear succession of leadership to be established. If we've learned anything at all this week, it is that Apple and Steve Jobs cannot remain one and the same, or eventually we all lose.

 

[tmornini]

I'd certainly like to think so, but realistically I recognize that Apple is always one product flop away from a major loss of investor confidence. Apple has forever been viewed as a company that defies gravity, and I don't expect that treatment to change any time soon. This is very unlike the way the markets regard Microsoft, a company that can turn out one flop after another, and nobody much cares. The second major caveat is one we've talked about: Apple's over-dependancy on the cult of personality. Apple needs a clear succession of leadership to be established. If we've learned anything at all this week, it is that Apple and Steve Jobs cannot remain one and the same, or eventually we all lose.

100% agreed. That's why I mentioned thinning on good news!

I'm guessing we're 1-2 years of increasing market share and profitability for the market in general to realize that Apple is not a 1 trick pony.

I tell people *all the time* that there's ZERO in the current stock price to reflect the growing market share of Macintosh computers, or the huge potential to eat into the cable and satellite television markets.

And, the mobile phone market is extremely ready for a really well engineered phone that people will use for more than phone calls and text messaging. Apple has shown that they can get people to plug in a mobile device (iPod) to a computer once in a while...

Can you imagine the potential if they can extend that to mobile phones?

 

[IJ Reilly]

100% agreed. That's why I mentioned thinning on good news!

I'm guessing we're 1-2 years of increasing market share and profitability for the market in general to realize that Apple is not a 1 trick pony.

I tell people *all the time* that there's ZERO in the current stock price to reflect the growing market share of Macintosh computers, or the huge potential to eat into the cable and satellite television markets.

And, the mobile phone market is extremely ready for a really well engineered phone that people will use for more than phone calls and text messaging. Apple has shown that they can get people to plug in a mobile device (iPod) to a computer once in a while...

Can you imagine the potential if they can extend that to mobile phones?

Apple will need to pull a few more rabbits out of its hat before the markets will believe that the iPod wasn't a fluke. This could take a few more years, best case scenario.

 

[radio893fm]

Only a complete idiot and moron would not get himself a lawyer in this situation, especially when innocent.

Jajaja. Innocent?

I thought the brainwashing was just for the *beautiful products*, but I see that it goes all the way to the *leader*.

 

[luminosity]

there are more than a few people out there who don't know that apple makes ipods, and instead believe that they aren't compatible with macs.