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Steve Jobs Reassures Employees and Investors
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APPLE is doing well when you look around you.
And 9 out of the 10 chickens havent even come home to roost....yet
We still await:
The coming PRIME crisis-thought to be 2-3 times worse than the sub-prime.
The ARM se-sets this spring-think SPRING UPWARD, fall back by the thousands....
The tip of the iceberg in terms of fraudulent financial schemes and instruments coming to light-
GIANT banks and companies that dont have or are not worth a cent
The Fed rate cut was going to come after a meeting on Tuesday, but the attendees and Mr Berhenke panicked and let it loose Monday
You might say they pulled the dynamite stick from the dam just in time, when the fuse was down to one half inch left
And 9 out of the 10 chickens havent even come home to roost....yet
We still await:
The coming PRIME crisis-thought to be 2-3 times worse than the sub-prime.
The ARM se-sets this spring-think SPRING UPWARD, fall back by the thousands....
The tip of the iceberg in terms of fraudulent financial schemes and instruments coming to light-
GIANT banks and companies that dont have or are not worth a cent
The Fed rate cut was going to come after a meeting on Tuesday, but the attendees and Mr Berhenke panicked and let it loose Monday
You might say they pulled the dynamite stick from the dam just in time, when the fuse was down to one half inch left
So you buy 100 shares and assure yourself of hitting both the main jackpot and two off-by-one jackpots, right?
Oh, that's not what you meant ...
Splitting encourages dabblers. For large-block investors (eg, your retirement funds), it doesn't matter. But, for the guy with $100 extra this month who thinks, wouldn't it be cool to own a piece of Apple? He's locked out.
Question: Why, then, is it "harder" for large investors (whose movements make the stock price move) to buy/sell $100k worth of $50 stock than $100k worth of $130 stock?
My understanding is that they only direct affect of a split is how easily a "casual" investor can get into the game. Secondary effects are up for grabs (ie, is that a good thing, or a bad thing, for stock volatility?). But that's the only primary effect.
More "float" is completely offset by the price-per-share. The important thing with "float" isn't the number of shares, but the dollar amount. A split doesn't change that one whit.
Of course, I'm open to being convinced otherwise.
If you define a "casual investor" as someone who can only afford to buy one share, maybe.
Splitting shares used to be meaningful in the days when trading "odd lot" shares cost more in brokerage fees -- odd lots being defined as anything less than 100 shares. Now it really doesn't matter whether you trade ten shares at 100 or 100 shares at ten, the brokerage fees are the same.
That's right, everybody is trying to figure out why something happened after it happened. Now they need reasons?
Let's see how long Steve will keep yakking before Apple starts delivering. Where is the mid-market tower that so many of us want?
If Apple wanted to send their stock back to $200 all they would have to do would be to open up their OS to the full market.
If Apple wanted to send their stock back to $200 all they would have to do would be to open up their OS to the full market.
Keep on keepin on
Well, don't stop reassuring, cause I'm not convinced, especially for the near future. In the long term, I think Apple can continue to perform expertly, but I don't know what is happening to them, and especially their stock.
Well, don't stop reassuring, cause I'm not convinced, especially for the near future. In the long term, I think Apple can continue to perform expertly, but I don't know what is happening to them, and especially their stock.
Oh please not this again... Seriously.
How is licensing OSX going to send the stock to $200?
QFT. You could create a pretty nice (non-integrated monitor) mid range system for a fraction of that cash and fill in the hole in the product line. One that could vie for a serious chunk of market share. Or... you could create something really amazing. The "next" thing so to speak.
Them sitting on that much cash is actually a bad thing from an investor and Apple product enthusiast point of view.
This would send their stock POURING down. No one in Apple wants to compete directly against Windows. Especially since Dell, HP, Sony aren't exactly "partners" with Apple. In fact, Apple competes directly with them. Why would they want to license Mac OS X? To make Apple more money? That's why Microsoft isn't in one bit interested in computer hardware because it would put them in direct competition with the companies that make them the multi-billion dollar company that they are.
Opening their OS, no matter how well it "just works" is suicide.
Back of the envelope calculations indicate that Apple would have to increase their sales by an order of magnitude (well, five to ten times) to equal their absolute revenue.
Yeah. Like that's about to happen in a year or two.
Steve, im gonna give you some advice; sack Ive and make him work at Sony because since his change in design ideas, thats where he belongs and hire Lovegrove and pay him whatever he asks.
P.S say hi to Woz for me and tell him to return my seg cap.
P.S say hi to Woz for me and tell him to return my seg cap.
Thank you for putting it into perspective. It has been a crazy 6 months.
Two things need to happen. 1. The chatter about recession disappears. 2. Apple has rumored or releases a new or vastly improved mass-masket (not boutique) device.
Then I say sell at $300