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Post by phoebear611 on Oct 24, 2013 0:48:21 GMT -8
With Hump Day Wednesday behind us, we enter Throw Back Thursday -- would be fun to see some throw back pics later today on the thread of just about anything ;D AAPL green in the wee hours of the morning...today we start to set ourselves up for the possible PIN in tomorrow's expiration....although, we may in earnest be in that run up to earnings. Tons of tech sites measuring this move to the $540-$550 level so - hey - why not? Speaking of Throw Back Thursday, I wouldn't mind our fruit company being at the old $600-$700 levels for a little throw back! ![;)](//storage.proboards.com/forum/images/smiley/wink.png)
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Mav
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Post by Mav on Oct 24, 2013 0:50:58 GMT -8
The kinda-IHS formation practically "screams" a measured move of 50ish points, that's probably why technicians are looking to the 540-550 range. Though if you go with bull flag theory, the measured move is from 388 all the way to 513. ![;)](//storage.proboards.com/forum/images/smiley/wink.png) (As if it would be that easy...)
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Post by phoebear611 on Oct 24, 2013 1:27:52 GMT -8
Yeah...never that easy and interestingly fundamentals play a role as well as earnings come during this time as well...it's like the chicken and the egg with these things. In the end, no one really knows for sure. ![:-/](//storage.proboards.com/forum/images/smiley/undecided.png)
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Post by redinaustin on Oct 24, 2013 5:03:35 GMT -8
Dear Carl, Get F*cked Tim
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Post by gtrplyr on Oct 24, 2013 5:12:33 GMT -8
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Post by artman1033 on Oct 24, 2013 5:14:07 GMT -8
The friend of ALL AAPL shareholders owns 4.7 million shares, up from 4 million
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Post by gtrplyr on Oct 24, 2013 5:18:49 GMT -8
The friend of ALL AAPL shareholders owns 4.7 million shares, up from 4 million The only buyback I want to see is one where apple buys Carl's stake back so he can stfu . It's times like these when I really miss Jobs as his reply would have been priceless !
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Post by phoebear611 on Oct 24, 2013 5:20:42 GMT -8
This Icahn thing is getting bizarre - and distracting for management to say the least. This is what happens when it is "perceived" that you don't really have a plan for that pile of cash. Aarrgghhh!
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Post by artman1033 on Oct 24, 2013 5:23:21 GMT -8
FWIW:
It is NOT Mr. Cook's job to be ONLY concerned about what he can do to affect the price of AAPL.
That is the job of the BOD.
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Post by nagrani on Oct 24, 2013 5:30:27 GMT -8
Anyone have a copy of the letter?
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Post by mmombo on Oct 24, 2013 5:33:37 GMT -8
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Post by phoebear611 on Oct 24, 2013 5:42:51 GMT -8
FWIW: It is NOT Mr. Cook's job to be ONLY concerned about what he can do to affect the price of AAPL. That is the job of the BOD. You are absolutely right - this is a Board matter but it still takes time away since he - in effect - is the face of the company as its CEO
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Post by redinaustin on Oct 24, 2013 5:43:45 GMT -8
And once again Apple/AAPL is world-class click bait!
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Post by gtrplyr on Oct 24, 2013 5:44:37 GMT -8
Well that's one way to drive traffic to your Newley launched site. Obvious .. I'll wait to see it reprinted thank you very much. From the interviews I've heard he seems clueless about tech ... This is a money grab .. Disguised as a play for corporate fairness ...
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Post by artman1033 on Oct 24, 2013 5:50:43 GMT -8
And once again Apple/AAPL is world-class click bait! The web page is being overwhelmed. It requires a person to register FIRST before the person can read items on the website. That is the same problem at the new federal healthcare site. A person has to register FIRST before the person can compare all of the healthcare insurance programs available for that person.
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Deleted
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Post by Deleted on Oct 24, 2013 5:51:32 GMT -8
Posted this quite late last night.
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JDSoCal
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Post by JDSoCal on Oct 24, 2013 5:57:38 GMT -8
FWIW: It is NOT Mr. Cook's job to be ONLY concerned about what he can do to affect the price of AAPL. That is the job of the BOD. You are absolutely right - this is a Board matter but it still takes time away since he - in effect - is the face of the company as its CEO Cook is an inside director so he does technically have duties to shareholders as well. Ichan's family should be instituting conservatorship proceedings later today if he believes there is any chance of this happening. AAPL was green in the PM until this knothead's "demand" hit the wires.
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Post by leonb on Oct 24, 2013 6:01:49 GMT -8
You can read Icahn's letter elsewhere on the web without having to register with his site. His idea is not without merit, except I wonder whether Apple could really borrow $150b at 3%. And I'm not sure how the tender would work - once Apple tenders at $525 there's an immediate floor (no-one would sell to the market for less). So the market price would be higher. Given how liquid Apple is, why would anyone sell below the market price (at $525, the tender price). Usually tenders are attractive to holders of relatively large positions in relatively illiquid stocks - holders who are unable to cash out quickly at the market price. So would Apple achieve anything except setting a floor to stock?
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Post by nagrani on Oct 24, 2013 6:28:00 GMT -8
This is a good thing guys. It helps set a floor for apple. Good time to buy
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Post by artman1033 on Oct 24, 2013 6:35:16 GMT -8
FWIW: Gregg here are the original mentions of deferred revenue. On September 23, the Financial Accounting Standards Board ratified EITF 093, which will change the way we account for iPhones and Apple TV today. Under EITF 093, only the estimated sales value of future upgrade rights to iPhones and Apple TV software are required to be deferred at the time of sale, with the balance of the iPhones and Apple TV sales price being recognized immediately as revenue. The deferred amount will be recognized over the 24 months estimated life of the product, similar to the way we have applied subscription accounting to these product sales today. We don’t know at this time the specific amount of revenue deferral for each iPhone and Apple TV sold under EITF 093, but we do believe that a substantial portion of the revenues will be recognized for these products at the time of sale. We are very pleased with the FASB adoption of this new rule, as we believe it will enable us to more closely align our reported results with the economics of the iPhone and Apple TV sales. We will be required to adopt the new accounting rules no later than the first quarter of our fiscal 2011; a year from now. But we do have the option of adopting earlier than that, sometime in our fiscal 2010. We are currently assessing the impact of the new rule on our accounting and reporting systems and processes. Making this change will be complex and as of now, we are uncertain as to the timing of our adoption; therefore, we don't have anything more specific to discuss with you today about this change. seekingalpha.com/article/167404-apple-f4q09-qtr-end-9-26-09-earnings-call-transcript?find=deferred&all=false
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Post by Deleted on Oct 24, 2013 6:44:53 GMT -8
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Post by Deleted on Oct 24, 2013 6:47:36 GMT -8
Thanks Artman.
I'm keying in on this phrase, "Under EITF 093, only the estimated sales value of future upgrade rights".
If Apple no longer charges for new software, then logic says it has no future "sales value". I guess you could argue that a value exists at the time of sale, but if Apple isn't charging anybody, including those with more than 2 year old (present amortization schedule) devices, how would you establish that value?
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Deleted
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Post by Deleted on Oct 24, 2013 6:48:10 GMT -8
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Post by leonb on Oct 24, 2013 6:48:52 GMT -8
This is a good thing guys. It helps set a floor for apple. Good time to buy Maybe more of a magnet than a floor, unless Apple goes with it. Icahn said a while ago that it would make sense for Apple to buyback UP TO $525, now he's saying AT $525. Another interpretation is that he doesn't believe the company should buy back ABOVE $525.
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icam
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Post by icam on Oct 24, 2013 6:52:39 GMT -8
Mavericks - Map App is vastly improved. And, actually has some features that are better than what Google has. Adios Google maps, I no longer need you.
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Post by Deleted on Oct 24, 2013 6:52:41 GMT -8
Thanks Artman. I'm keying in on this phrase, "Under EITF 093, only the estimated sales value of future upgrade rights". If Apple no longer charges for new software, then logic says it has no future "sales value". I guess you could argue that a value exists at the time of sale, but if Apple isn't charging anybody, including those with more than 2 year old (present amortization schedule) devices, how would you establish that value? Moving off this estimate for revenue recognition, it's likely a cumulative effect change in FQ1 2014, as the announcement was made outside the Sept. quarter. Muddying the water, revenue recognition rules are being updated, which have the potential to change Apple's reporting on other components of sales. I'll have a chance to review this weekend.
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Post by artman1033 on Oct 24, 2013 6:55:49 GMT -8
Thanks Artman. I'm keying in on this phrase, "Under EITF 093, only the estimated sales value of future upgrade rights". If Apple no longer charges for new software, then logic says it has no future "sales value". I guess you could argue that a value exists at the time of sale, but if Apple isn't charging anybody, including those with more than 2 year old (present amortization schedule) devices, how would you establish that value?Homey don't play dat game! (my lack of understanding of accounting rules have been well documented in the past.!) I will leave that up to Deagol and others..... OTOH: Perhaps Apple may decide to charge in the future. Perhaps this may become a non-issue.
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Post by nagrani on Oct 24, 2013 7:05:39 GMT -8
It's hard for MM to push apple down knowing there is a value investor gobbling up shares. It just helps combat the FUD. A guy like Icahn is much better being heard in the media compared to some click bait whore talking about supply chain issues
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Post by nagrani on Oct 24, 2013 7:24:03 GMT -8
Paging appledoc: how you liking them apples??? Best, Idiot novice investor who appreciates you gracing us every now and then with your words of wisdom.
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Post by Deleted on Oct 24, 2013 7:26:34 GMT -8
if it wasnt for iCahn or Eihorn and other hedge funds pushing the stock repurchase AAPL wouldn't have a diividend or buyback and EPS would be in 30's and the stock would drifting in the 400's. Apple is not a growth machine anymore no matter how cool the products so dividends and buybacks are what move the stock. Exactly...the years of 100% growth of EPS are over. I'll take 20% growth of EPS anyday and welcome all the value investors to buy more as well, including icahn and einhorn. If Buffett wants to buy into as well, more the merrier. The more buying, the higher the price will go.
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