>> pragmatic facts suggest it may be a near term put candidate. The arena is crowded with too many players and the weakest will simply be weeded out by the price wars.<<
Your arguments are the same as the bears from last year (when the stock was in the teens).
You see Apple as just another box-maker, rather than a company that makes proprietary hardware/OS and owns key software like QuickTime, Firewire, WebObjects, FileMaker. Plus loyal customers, growing market share (10% in November, half of all iMac buyers are WinTel or new users).
Streaming QuickTime is coming in February, unix-based OS X server (which can net-boot iMacs), the new P1 handheld coming mid-year, Mac OS X in September. In an era when the Net is becoming more important than the local OS they may be very well positioned.
And MB, your response about taking shelf space from the cloners is a YEAR old ... there is risk here but lots of reward ... their main market in graphics is thrilled about the new G3 announced last week ... a good place for a CALL position, which I bought today.
** David |
