|
Post by phoebear611 on Feb 27, 2013 9:16:18 GMT -8
wires: AAPL's entire board at meeting. no sure if it means anything. Maybe - or maybe they think there may be a verbal attack and want to show strength in numbers and show a unified front. Who knows?
|
|
|
Post by tuffett on Feb 27, 2013 9:18:52 GMT -8
Just waiting for the buzz words to come out - laser focus, North Star, products - and the stock to correspondingly sell off.
|
|
|
Post by mace on Feb 27, 2013 9:20:16 GMT -8
wires: AAPL's entire board at meeting. no sure if it means anything. Could be something BIG. Market is responding violently. Bulls and bears make bets.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,189
|
Post by JDSoCal on Feb 27, 2013 9:29:24 GMT -8
Hey Doc - are your charts still suggesting that we revisit the lows one more time? I believe that's what Avi's group is still thinking. Yes. I would be shocked if we don't set new lows. Avi thinks sub-400 as the bottom. I agree. Looking at resolution over the next ~2 months. Thanks for the FUD, Doug Kass.
|
|
|
Post by pauls on Feb 27, 2013 9:30:48 GMT -8
One way or other there should be a real time news stream from a shareholders meeting, in this day and age.
|
|
4aapl
Moderator
Posts: 3,681
|
Post by 4aapl on Feb 27, 2013 9:32:31 GMT -8
Is no phones allowed in S/H meeting a normal thing? It has been at Apple, though might just be for ones with cameras. I've probably gone to 6 or so of them with the first in 1998, but it's been a few years now. I haven't felt motivated to make the 4 hour drive the last few years since we moved up here. BTW, Pixar had a similar thing, not wanting cameras or camera phones. That obviously was a few years back. I thought years ago the meetings started at 10am, so it's interesting to see it start at 9. But unfortunately I think some might be expecting something meaningful out of the meeting, and so I'm expecting the stock to fall more later today. Heck, just the uncertainty makes it a ripe time for manipulation. BTW, good to see some positive movement yesterday, eventually. We met with some contractors yesterday about some house modifications, and if it were 6 months ago I would have considered just writing them a check. Now it's a wait and see event, mainly based on when the stock recovers a little.
|
|
|
Post by ibuyer on Feb 27, 2013 9:32:39 GMT -8
wires:
about stock price - "i don't like it"
"focused on long term"
we have great stuff coming
profit, sales follow great product creation
|
|
|
Post by appledoc on Feb 27, 2013 9:37:29 GMT -8
Yes. I would be shocked if we don't set new lows. Avi thinks sub-400 as the bottom. I agree. Looking at resolution over the next ~2 months. Thanks for the FUD, Doug Kass. Whatever JD. I don't see you calling out the blind bulls. You would think after a 270 point drop that the board would change its tone toward people who are bearish. I'm still far and away net-long on AAPL and bullish long term. But go ahead and ignore that so it can suit your idiotic comment better.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Feb 27, 2013 9:39:30 GMT -8
One way or other there should be a real time news stream from a shareholders meeting, in this day and age. I suggested that to Investor Relations. Perhaps we have to place it on next year's ballot...
|
|
|
Post by firestorm on Feb 27, 2013 9:42:39 GMT -8
So far this morning, with the bulls and bears tugging the rope, it has been good for day traders.
|
|
|
Post by jmolloy on Feb 27, 2013 9:51:59 GMT -8
From John Fortt 12:47 P.M.: First question: What are you going to do about Android and Samsung gaining market share?
Cook: We're not constraining our investment in R&D by a desire to grow a cash pile. We stay very focused and work on a few things. ... The real market share numbers are hard to come by. ... It is clear that Android is on a lot of phones ... it is probably true that iOS is on a lot more tablets .... Success is not making the most. ... Where market share is important (is in being big enough to attract an ecosystem) .... We're really aware of the competition as well. "We don't have our heads stuck up ... stuck in the sand. .... There's a button or two we could press to make the most .... That would not be good for Apple."
|
|
|
Post by fas550 on Feb 27, 2013 9:54:54 GMT -8
One way or other there should be a real time news stream from a shareholders meeting, in this day and age. I suggested that to Investor Relations. Perhaps we have to place it on next year's ballot... I'm kind of mixed on that. Given how quickly the market can react it would be easy for something to be reported before the entire idea or proposal is tabled OR taken out of context. I would rather a more open discussion because someone does not have to vet each sentence before saying in in fear it could cause an instantaneous major rise or drop. Just my .02 and I can certainly appreciate the other side of the argument.
|
|
|
Post by rob_london on Feb 27, 2013 9:59:45 GMT -8
CNBC post
"12:56 P.M.: Shareholder complaint: no bathroom in 3rd street promenade Apple Store..."
|
|
|
Post by tuffett on Feb 27, 2013 10:07:04 GMT -8
wires: about stock price - "i don't like it" "focused on long term" we have great stuff coming profit, sales follow great product creation Well, profits will be down this quarter and sales growth will be marginal, so maybe you should focus on making your products better and attracting a wider audience.
|
|
|
Post by ibuyer on Feb 27, 2013 10:08:29 GMT -8
meeting ends
|
|
|
Post by zzmac on Feb 27, 2013 10:09:50 GMT -8
I hope they get that washroom issue fixed. That's outrageous!
|
|
|
Post by fas550 on Feb 27, 2013 10:12:51 GMT -8
CNBC post "12:56 P.M.: Shareholder complaint: no bathroom in 3rd street promenade Apple Store..." LOL. That's good. How about, "My son Tarquin was in an Apple store the other day and the bathroom facilities were clear out of tissues. What do you intend to do to prevent that happening in the future as my son was quite upset?"
|
|
|
Post by jdubuc on Feb 27, 2013 10:17:11 GMT -8
Well, profits will be down this quarter and sales growth will be marginal, so maybe you should focus on making your products better and attracting a wider audience. To be fair, profits will be down YoY only because of the crazy gross margin compare vs. the previous year. Refreshing all product lines concurrently as they did sacrificed near-term profits (GM) in favor of the bigger picture. Edit: Only time can tell us whether this was a good choice, however history favors Apple management over us armchair CEOs.
|
|
|
Post by traitorjoe on Feb 27, 2013 10:24:49 GMT -8
Cook = Great Ops guy- very subdued and laser focused and risk averse, which is great on that side of the field which is mostly defense and risk avoidance
However, he is horrible sales guy and/or company spokesperson - He NEVER seems truly excited about anything Re: Apple - he sort of feigns or acts passionately at product intros, but just is not a performer. CEO's need to be a performer on stage at some level and he just simply does not have it in him. Thus the products, the brand and the stock are now boring and lackluster (or perceived as such, which is all that really matters) - Really disappointing
|
|
|
Post by david on Feb 27, 2013 10:27:33 GMT -8
Well, profits will be down this quarter and sales growth will be marginal, so maybe you should focus on making your products better and attracting a wider audience. Sales should be up 25 to 30%. GM will be down to around 38%. Net Income will be the same or up a little. "Focus on making [Apple] products better". Are you complaining Apple does not do "incremental updates"? "… attracting a wider audience …" Race to the bottom? Church of market share?
|
|
|
Post by tuffett on Feb 27, 2013 10:30:28 GMT -8
Well, profits will be down this quarter and sales growth will be marginal, so maybe you should focus on making your products better and attracting a wider audience. To be fair, profits will be down YoY only because of the crazy gross margin compare vs. the previous year. Refreshing all product lines concurrently as they did sacrificed near-term profits (GM) in favor of the bigger picture. Edit: Only time can tell us whether this was a good choice, however history favors Apple management over us armchair CEOs. Fine, but their guidance is a mere 10% yoy revenue growth on the high end. Guidance is now supposed to more reflect reality. Supply constraints are gone for everything but the iMac. Given the entire product line has been refreshed are we supposed to be excited about 10% revenue growth on the high end??
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 27, 2013 10:30:52 GMT -8
Cook = Great Ops guy- very subdued and laser focused and risk averse, which is great on that side of the field which is mostly defense and risk avoidance However, he is horrible sales guy and/or company spokesperson - He NEVER seems truly excited about anything Re: Apple - he sort of feigns or acts passionately at product intros, but just is not a performer. CEO's need to be a performer on stage at some level and he just simply does not have it in him. Thus the products, the brand and the stock are now boring and lackluster (or perceived as such, which is all that really matters) - Really disappointing Incorrect...a CEO should be the best person for the job who can lead in the company. It shouldn't be based on who's the best performer. If Apple comes out with great, new products, they have a massive marketing department that can look after selling the product. It's not Tim Cook's job to show how great the product can be, it's Tim Cook's job to grow Apple, keep employees happy and keep shareholders happy. If Apple comes out with an AppleTV and Tim bombs during the presentation but it's the greatest thing since sliced bread, does it really matter how he presented it? You can always get someone else to do new product presentations, who says it has to be the CEO.
|
|
|
Post by firestorm on Feb 27, 2013 10:31:42 GMT -8
Cook = Great Ops guy- very subdued and laser focused and risk averse, which is great on that side of the field which is mostly defense and risk avoidance However, he is horrible sales guy and/or company spokesperson - He NEVER seems truly excited about anything Re: Apple - he sort of feigns or acts passionately at product intros, but just is not a performer. CEO's need to be a performer on stage at some level and he just simply does not have it in him. Thus the products, the brand and the stock are now boring and lackluster (or perceived as such, which is all that really matters) - Really disappointing To be fair to Tim Cook, most CEOs are not natural performers. He had a hard act to follow with Steve Jobs somehow able to cast a spell over an audience.
|
|
|
Post by dreamRaj on Feb 27, 2013 10:34:06 GMT -8
Don't know what to call the shareholder meeting - a dud because nothing worthwhile was announced or a success because the stock isn't below 440?
|
|
4aapl
Moderator
Posts: 3,681
|
Post by 4aapl on Feb 27, 2013 10:37:42 GMT -8
he sort of feigns or acts passionately at product intros, but just is not a performer. CEO's need to be a performer on stage at some level and he just simply does not have it in him. Often people other than the CEO contribute to or completely run product intros. Even while SJ was at Apple, he often had others help, and sometimes others ran the whole thing. I'd be perfectly fine with having the best person for the job run product intros, whereas have the best person for the job run the company. It doesn't have to be the same person. Heck, remember back to other CEO's joining in an Apple Keynote. I remember Sony's was bad, and I think Adobe's was bad too. A few were decent, but few had anywhere near the stage presence that SJ did, and some were just downright bad. Ever look at a MS keynote. There are much much worse out there.
|
|
|
Post by tuffett on Feb 27, 2013 10:39:39 GMT -8
Well, profits will be down this quarter and sales growth will be marginal, so maybe you should focus on making your products better and attracting a wider audience. Sales should be up 25 to 30%. GM will be down to around 38%. Net Income will be the same or up a little. "Focus on making [Apple] products better". Are you complaining Apple does not do "incremental updates"? "… attracting a wider audience …" Race to the bottom? Church of market share? Um...there's a way to attract a wider audience besides a race to the bottom. See the iPod line and the iPad Mini. I just want them to do the same with the iPhone, since it is their most important product. Competitors are certainly racing to the top to compete, and Apple is so far standing still. It's all well and good that Apple is strong in the USA and China looks promising, but there are a few billion other people to address without "racing to the bottom".
|
|
4aapl
Moderator
Posts: 3,681
|
Post by 4aapl on Feb 27, 2013 10:42:43 GMT -8
Don't know what to call the shareholder meeting - a dud because nothing worthwhile was announced or a success because the stock isn't below 440? When's the last time something important was announced at an Apple shareholder's meeting? It never happened in the 6 or so I've gone to over the years, and while keeping tabs on the shareholder meetings for 15 years now. The last might have been in 1984, or so I hear. At 3dfx's last shareholder meeting all 7 of us were let into a tiny room to see an unreleased product. It seemed to do great, though seemed odd to show off at a shareholder's meeting as I believe it was unannounced. But the company went under in the coming months.
|
|
|
Post by fas550 on Feb 27, 2013 10:49:46 GMT -8
Guess it was a non-event. Indexes are up, GOOGs up 12, AMZN up 5, we're down 4: just a regular day.
|
|
|
Post by wheeles on Feb 27, 2013 10:52:23 GMT -8
It looks like I was wrong about the Kass ramp not being given back, as it did so albeit briefly in the wild swings while nothing much really happened at the meeting. However, I still remain optimistic with regards to the share price going forward.
|
|
|
Post by mace on Feb 27, 2013 11:00:10 GMT -8
Cook = Great Ops guy- very subdued and laser focused and risk averse, which is great on that side of the field which is mostly defense and risk avoidance However, he is horrible sales guy and/or company spokesperson - He NEVER seems truly excited about anything Re: Apple - he sort of feigns or acts passionately at product intros, but just is not a performer. CEO's need to be a performer on stage at some level and he just simply does not have it in him. Thus the products, the brand and the stock are now boring and lackluster (or perceived as such, which is all that really matters) - Really disappointing Given the scale of Apple business, supply chain is very critical to demand fulfilling and ultimately profitability. So Apple with TC as CEO is much better than Apple without TC. What Apple needs is a "wow" personality for product launch and CC.
|
|