Since the wonderful news about TINA, iNIC and Solution Center for Intel's iNPs is ignored by the stock market, let’s see what good a critical Sam Jaffe can do for the stock.
Sam really liked VA Linux last November when he wrote, "There is Plenty of Life Left in VA Linux", noting:
STILL GROWING. But don't toss VA Linux onto the ever-growing trash pile of Net stocks that were once mighty. This company still has a good business plan, an admirable market niche, and a big pile of cash to keep it running until it reaches profitability, which should be sometime before the end of 2001. Despite that first-quarter sales hiccup, this company's revenues are still impressive.
businessweek.com
VA Linux peaked at $320 and was in the mid-teens when he wrote the article. VA Linux touched $1.56 in April, having bounced back to about $4 since then. Needless to say, the company's revenues are no longer impressive, nor does profitability look any closer now than when Jaffe put pen to paper.
Actually, Jaffe seems to like anything Linux, writing recently, “HP and Linux: Now it’s True Love” and “Why Linux is Giving Microsoft a Migraine.”
Jaffe bearded the lion in his den last December when he attached Apple, bringing stinging comments from Apple devotees. One irate Apple fan started with this line:
It's easy to ascribe the what I call Logic-Free Reasoning®™ that spews from Jaffe's keyboard to mere stupidity coupled with obstinate arrogance, but there's actually a more fundamental and sinister reason why he dispenses disinformation. The investment world is chock-full of people who know better but who will still kiss the sit-upons of the "leaders" of the tech industry, people like Gates, Andy Grove and Eckhard Pfeiffer. Who cares that they're helping foist off inferior copycat technology on unsuspecting consumers? If I criticize the makers of buggy, incompatible PC and Windows crap and the people reaping outrageous sums of money from them, they might toss me off the Money Train. Best to toe the party line!
and ended thusly:
There will always be bozos like Jaffe, who will help deceive and mislead people, in the hope that they too can get seats on the Money Train. Only problem is, as history has proven innumerable times, once he outlives his usefulness, he'll find out exactly how much the crooks 'n cretins he's been brownnosing care about anyone but themselves, as they toss him unceremoniously out the Windows as they're crossing a trestle...
Not for me to judge Jaffe’s gaffes in the Apple article, but you could have bought AAPL for $15 in December and it is nearly $24 today.
Since every word he wrote in the WIND article struck me as being either sophomoric or purposely twisted, it is not worth commenting on, except to say I am glad Jaffe is not on our side.
Allen |
