On Dec 17, 2008, at 2:12 AM, Brian Durant wrote:
> Apple to ditch Macworld gathering > By Maggie Shiels > Technology reporter, BBC News, San Francisco > The Beeb has been know to get it spectacularly wrong regarding apple. > In a surprise move, Apple said it is to abandon its annual tech > gathering > Macworld after this January's event. > > Meanwhile news that the keynote address will not be given by CEO > Steve Jobs > has reignited speculation about his health following cancer four > years ago. > But analysts are again pointing to the possibility that Mr Jobs's > health is > an issue. > > "I think Steve's health is a factor," analyst Gene Munster of Piper > Jaffray > told MarketWatch. > Translation. "I want to short Apple, so I'll pull some unfounded speculation out of my ass" > "I think it means there's a change of power at Apple... Steve Jobs is > playing less of a role. And that is not up for debate. No, not between you and Harvey you six-foot invisible friend, it isn't. Here on Planet Reality, since we don't, you know, actually KNOW anything about this, there's lots of room for debate. > > It has not been a good week for Apple. > > Earlier Goldman Sachs analyst David Bailey downgraded the stock, cut > his > estimate for Apple's 2009 profit and warned "some nicks have started > to > emerge". > > Mr Bailey pointed out that the first two quarters of next year would > be > tough for the company with deteriorating consumer demand. > > "Shipments of MacBooks, iPod nanos and iPhone were all slightly > lower than > what was expected going into the [December] quarter," he wrote in a > note to > clients. > "God dammit! I've got short sales on Apple, an they just keep selling the damn things like hotcakes! Go DOWN share price!!" Note: "Slightly lower than expected, going into December" means "Based on my figures that I pulled out of my ass because I never believe those generally accurate guidance Apple gives at every one of their financial reports. They have to dance to MY tune!" Note 2: Apple is in an enviable position in this economy. They have not one, but two industry-leading products (iPod and iPhone) massively hot laptop sales (up 22% year over year, IN THIS YEAR!!), no corporate debt, and a monster pile of cash on hand, 25Billion-with-a-B. A competent and honest analyst would say that Apple was in good shape financially. Competence and honesty are in dramatically short supply on Wall Street. > However he said Apple's ability to innovate would keep it ahead of the > competition. > > Sales of Macs in US stores last month fell 1% from a year ago, while > industry-wide PC sales rose 2%, according to research firm NPD Group > Inc > which tracks retail sales. > Not all macs, just desktop Macs, meaning iMacs and Pros. MacBook and MacBook Pro sales? Up 22%, AHEAD of the rest of the industry. They lied by omission here. -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed Low End Mac's G3-5 List, a group for those using G3, G4, and G5 desktop Macs - with a particular focus on Power Macs. The list FAQ is at http://lowendmac.com/lists/g-list.shtml and our netiquette guide is at http://www.lowendmac.com/lists/netiquette.shtml To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/g3-5-list?hl=en Low End Mac RSS feed at feed://lowendmac.com/feed.xml -~----------~----~----~----~------~----~------~--~---
