Your optimism is nearly pathological.
Jobs tells his buddy "man this a hard one", so difficult in fact that he estimates it would take four Larry-Ellison years to turn around.
And what conclusion do you reach? "maybe [Jobs] wants the credit"...
Yeah, maybe...
Apple has a lot of problems. It might turn around, but at this time is very unclear. "A tough four year job" sounds like the best description I've heard in a while.
I've followed this stock all the way down from $33 bucks to $15, and at every stage people have given the same arguments why this company will not go lower: customer loyalty, educational market, ease of use, Microsoft-is-evil, graphic application market, web servers. You name it. Facts are the company has gone lower, much lower, both in price and market share. Not much has changed since I started following this stock.
1) New management (I'm not impressed) 2) Cheaper prices 3) Clones 4) Instead of waiting for Copland now we are waiting for Rapsody. |