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Steve Jobs Reassures Employees and Investors

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Apr 12, 2001
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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."
Click to expand...
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.

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Article Link
https://www.macrumors.com/2008/01/28/steve-jobs-reassures-employees-and-investors/
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! :rolleyes:)
 
I think he's right...

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.
 
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.
 
Stock price has little to do with actual performance. There was no real reason for it to be as high as it was. Stock price also has very little to do with past performance. These are common shares, pretty worthless in the end, and manipulated by powerful people. Y'all should've sold at $160, hell I got out at $80 after quadripling my money.
 
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 :D lol
 
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?
 
Appleron

I think that is all true, but it just reminds me of Ken Lay at Enron appeasing the employee after a 40% drop.

We all know what happened. I think at $120 Apple is a great buy. Basically values the company at $100b ($18b in cash). That makes for a PE in the low 20's.
 
Already bought it

Bought a bunch of Apple last Weds. :D 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:
 
18 billion in cash ->:eek:
i think they will have a turn around i think the investors were pissed that their was no new iphone. Before no one gave a flying poo about mwsf until the iphone took over CES last year. Apple stole CES's thunder and people were scared. its the stock market, it happens.
 
Shacklebolt said:
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?
Click to expand...

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.
 
Shacklebolt said:
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?
Click to expand...

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.
 
Of course he is going to say that.

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