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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Zen Dollar Round who wrote (213003)	8/28/2024 11:23:59 AM
From: Art Bechhoefer	2 Recommendations Recommended By manning18 Zen Dollar Round Read Replies (2) \| Respond to of 213177

Apple's elaborate headquarters you refer to are really an example of Parkinson's Law, part 2. The Parkinson's law most people have heard about says simply that work fills the space allotted to it. So, in the case of, say, highways, when you expand 2 lanes to 4 lanes, the highway stays as crowded as before, because more vehicles are using it. Parkinson's Law #2 says that when a new building containing everything the company ever wanted for its headquarters is opened, it signifies the gradual downfall of the company. Some examples: GM shifted its headquarters from a modest building in Detroit to a spanking new office building in midtown Manhattan, if I recall correctly, around 1960. You know what happened since then. The world's largest automobile company was replaced by Toyota and VW, and is probably no longer #3. Xerox Corp., which under its old name of the Haloid Company, had a small headquarters in Rochester, NY. After inventing the first plain paper copier using the xerographic process, Xerox expanded its factory and headquarters to the adjacent suburb of Webster, where it remained until its MBA trained executives had the inspiration to shift its headquarters close to the financial center of the world, in Stamford, CT, where they could have access to the kind of financing that would allow them to lease their giant size copiers and still have the capital to finance leases rather than sales. Management became so enamored of their new location and modern headquarters that they could care less about the manufacturing facility in Webster, and even less about a research facility in Palo Alto, which developed the first touch screen Xerox management showed little interest in a touch screen with icons replacing written commands. But Apple, and in particular, Steve Jobs really took to the idea. Is Apple missing out on something new? AI, maybe? Art