Salutations,
Exactly. This annoys me also.
Look at Apple's stock. Every time they post a profit, their stock price
has dropped. Every time they introduce new machines or technology, their
stock price drops. It amazes me.
All of these 'journalists' know what side their bread is buttered on.
Ziff-Davis is notoriously pro ms. Cnet is just about there also. (yes, I
know cnet owns zdavis)
Every magazine these 'journalists' keep anouncing the end of Apple. And
Apple stays around.
This reminds me of how these same 'journalist' kept proclaiming year after
year that OS/2 was dead. Even after it kept winning OS of the year in
Infoworld polls year after year.
Cheers,
David
on 7/19/02 3:06 AM, Jim Witte at jswitte_at_bloomington.in.us wrote:
>
>> I really like Apple, and I tend to think they are somehow "different"
>> from other companies... but even to, me this sounds a little naive.
>
> I don't really like it, but I can understand it from a financial =
> point of view. What I think is worse than "Apple acting like a drug =
> dealer with iTools.." is the fact that the stock market is absolutely =
> brutal with AAPL in ways that it almost never is with the other tech =
> companies. Apple posts a profit less than expected and their stock =
> drops by half. Now perhaps back when Apple was at 54 or whatever last =
> year it was overvalued. Yesterday, the again post a profit less than =
> expected (or was it just less than this quarter last year - hell, almost =
> *everyone* posted earnings less than this quarter last year! That's why =
> they call it a recession!), and again, the stock drops precipitously, =
> shedding 15% of it's value. I was reading some of the news reports =
> linked from Yahoo's quote page and almost every one is something =
> negative - "Apple undervalued by risky" said one (well, everything in =
> the stock market seems risky these days..). And I can't help but think =
> they're just now saying this after the quarterly report comes in.. =
> Which then probably causes more people to sell than would otherwise, =
> just looking at the bare reported number of "only" 9 cents/share, =
> probably including institutional investors which probably do more damage =
> to the stock price than individual investors.
>
> As one person on MacSlash said last year (the notorious 50% drop =
> after-hours), when has Dell *ever* turned a profit? (don't quote me on =
> that though - Dell probably has..)
>
> Jim=
>
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