Greg, When the lessons are not learned they must be repeated, as Apple is doing.
Unix is alive and well?????, unix is in retreat in absolute terms where is is losing to NT and in share, where it is worse as NT is actively growing.
Apple does not have a leadership position in the desktop, Jobs threw that away years ago and Scully and Amelio were concerned about wages and image.
Share is growing in WIntels, as their desktop domination keeps growing as Apple keeps shrinking, and all then other desktops are also shrinking. Some wintel cos grow and some lose, but the overall numbers grow.
AAPL share price accurately reflects that aggegate opinions of all, that is bt definition the market. You feel it is undervaluied, so BUY, those whomsold you the shares though otherwise, and they sold at current prices.
If you are right you will be rewarded, if not you will pay for it.
I think AAPL is a spec for abuyer next spring-fall, and it will keep declining until the end of the summer, by which time a suitor will appear(in fact there might be several). Once a buyer appears the stock will rebound a bit. It could go down as low as 6 in the waiting period. Think about it, a major long term correction will emerge from the reports due in January. AAPLs report will be in there and will report a drop in sales and market share, and so the decline will keep going until a buyer appears or substantive changes are made at the top.
Bill |
