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Post by appledoc on Mar 4, 2014 2:43:06 GMT -8
I still think this is a good setup. Good luck today.
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Post by phoebear611 on Mar 4, 2014 3:47:37 GMT -8
Good morning and Happy FAT TUESDAY - as if I needed a "reason" to eat more today!
Many technicians agree with you doc ... clearly they are seeing the same thing you are seeing on your charts - and the stock is looking nice and green in PM. It seems the $538--540 area is one of some resistance as well - do you agree doc? -- I seem to be finding debate about that area. Looks like tensions in the Ukraine are getting somewhat better (slightly but in the right direction). So it may be a "risk on" type of day. Buffett in an interview on CNBC yesterday suggested that people buy on a day when everyone is selling - like yesterday. Very sound advice and something he has done time and time again given that his outlook is always long-term. Futures are strong here this morning - pretty much recapturing all of the losses from yesterday. We'll see how we open and how the day plays out but that's just a snap shot at this point in time this morning. On a lighter note, I'm still laughing at John Travolta's pronunciation of Idina Menzel's name to sound like "Adele Dazeem" on the Oscar's on Sunday. Yesterday, late night hosts had a field day with it and kept me up late laughing about it - hysterical. Ah the scarecrow's tune from Wizard of Oz comes to mind when I hear some of these actors (....if I only had a brain...)
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Post by yellowhandman on Mar 4, 2014 5:41:38 GMT -8
Breaking news - Oppenheimer retiring at end of September. Maestri taking over.
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Post by artman1033 on Mar 4, 2014 6:00:41 GMT -8
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Post by artman1033 on Mar 4, 2014 6:22:54 GMT -8
great tweet:
Sammy the Walrus IV
2011: Apple's executive team consisted of 10 people.
2014: Only 5 of 10 will still be on the team.
Gone: Steve, Bob, Pete, Scott, Ron.
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Post by phoebear611 on Mar 4, 2014 6:24:34 GMT -8
So the Oppy news is as expected and I thought a non-event to slightly positive. From what I am reading elsewhere,I am getting the impression that people find this to be very positive. I don't know enough about Maestri or his delivery to shareholders to know if I am positive or negative. Guess I will know after the next earnings call. God I hope he has an assertive and positive voice!!
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Post by yellowhandman on Mar 4, 2014 6:37:13 GMT -8
The perception on this board and elsewhere seems to be that Oppy was super-conservative. I guess the assumption is that Maestri can't possibly be even more conservative, so there's hope for (a) more realistic/ambitious guidance and (b) higher dividends, faster.
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chinacat
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Post by chinacat on Mar 4, 2014 7:14:53 GMT -8
The perception on this board and elsewhere seems to be that Oppy was super-conservative. I guess the assumption is that Maestri can't possibly be even more conservative, so there's hope for (a) more realistic/ambitious guidance and (b) higher dividends, faster. I was a partner in a small firm, but have no experience in management of a mega-corp like Apple. So my question is, how fully does the CFO control the guidance approach in such cases? I would have thought the role to be more advice and implementation, with the CEO and Board being the decision makers. Would welcome input from anyone with more knowledge/experience.
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Post by yellowhandman on Mar 4, 2014 7:28:00 GMT -8
I'm a lawyer with some experience dealing with corporate disclosure obligations...I'd say that the CFO's "advice and implementation" would usually be pretty persuasive to the CEO and Board, since he's the one entrusted with responsibility for those aspects of the business. Legally, the Board (including CEO) would probably be better off accepting the CFO's advice, since they can then argue - if anything goes wrong - that they acted on the expert's advice.
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Post by appledoc on Mar 4, 2014 7:37:33 GMT -8
Phoebes, major resistance at SMA50 and 100. Can run beyond that.
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Post by Deleted on Mar 4, 2014 7:43:05 GMT -8
To Chuck Jones: Your schedule flogging has been canceled. Carry on. (Although writing for Forbes, I'm sure it will be rescheduled).
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Post by phoebear611 on Mar 4, 2014 7:43:30 GMT -8
Phoebes, major resistance at SMA50 and 100. Can run beyond that. Thanks, doc!
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Post by phoebear611 on Mar 4, 2014 7:45:47 GMT -8
The perception on this board and elsewhere seems to be that Oppy was super-conservative. I guess the assumption is that Maestri can't possibly be even more conservative, so there's hope for (a) more realistic/ambitious guidance and (b) higher dividends, faster. I was a partner in a small firm, but have no experience in management of a mega-corp like Apple. So my question is, how fully does the CFO control the guidance approach in such cases? I would have thought the role to be more advice and implementation, with the CEO and Board being the decision makers. Would welcome input from anyone with more knowledge/experience. It's the same in large corporations - CEO and Board will somewhat guide but don't underestimate someone's personality/demeanor in the whole mix and how he can get others excited - or has an enthusiastic delivery. We'll just have to wait and see I guess.
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Post by Deleted on Mar 4, 2014 7:54:52 GMT -8
It's possible that Peter's new earnings guidance "formula" is perceived as a mistake judging by AAPL's performance, but I think Peter O. retired because it was time. Luca's hire was likely just part of a long planned transition.
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Mav
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Post by Mav on Mar 4, 2014 8:07:23 GMT -8
great tweet: Sammy the Walrus IV 2011: Apple's executive team consisted of 10 people. 2014: Only 5 of 10 will still be on the team. Gone: Steve, Bob, Pete, Scott, Ron. Many were around for 10+ yrs and were 50+. The implication does not follow. I actually wouldn't be terribly bothered if Ive left in a few years. It's about the company path more than the execs. Bob is still at Apple btw. Credit to whoever got the "retirement scoop".
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Post by Deleted on Mar 4, 2014 8:08:14 GMT -8
It's possible that Peter's new earnings guidance "formula" is perceived as a mistake judging by AAPL's performance, but I think Peter O. retired because it was time. Luca's hire was likely just part of a long planned transition. And of course the 100,000 options that vest right before he retires is a nice farewell gift. At least the C-level guys are doing well on this stock.
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Post by gtrplyr on Mar 4, 2014 8:31:11 GMT -8
great tweet: Sammy the Walrus IV 2011: Apple's executive team consisted of 10 people. 2014: Only 5 of 10 will still be on the team. Gone: Steve, Bob, Pete, Scott, Ron. Many were around for 10+ yrs and were 50+. The implication does not follow. I actually wouldn't be terribly bothered if Ive left in a few years. It's about the company path more than the execs. Bob is still at Apple btw. Credit to whoever got the "retirement scoop". Agreed ! I'll add it's about a "Culture" that Jobs created .... I believe it's still there and Apple is set to thrive for many years to come. So much FUD over a company that has banked over $160 BILLION and changed the face of computing .... I'm tired of hearing the bullshit. HMMM .....
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Mav
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Post by Mav on Mar 4, 2014 8:43:33 GMT -8
Sorta like someone on Twitter said:
Steve is no longer with us.
Bob is still at Apple, working on special projects.
Peter is retiring in what is clearly a planned succession (Maestri is a highly qualified public company CFO and everyone knew it)
Scott may actually have "needed to go" (Siri did not keep up with the times, I generally don't miss the previous iOS aesthetic EXCEPT for the foggy mirror volume buttons)
Ron may or may not have retired because of Steve's condition.
No alarm bells I can hear, BWDIK.
Looking forward to Maestri being CFO considering his buyback influence. I don't expect guidance to change much but there's always that chance we'll get a little more info each quarter.
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JDSoCal
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Post by JDSoCal on Mar 4, 2014 8:50:29 GMT -8
Uh. yeah, I'm going to have to disagree about Ive. That would be a disastrous loss IMO.
In other news, glad to see that the Ukraine crisis is now a great development for the markets, unlike yesterday when it was horrible development. #random #casino
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JDSoCal
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Post by JDSoCal on Mar 4, 2014 9:01:25 GMT -8
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Post by firestorm on Mar 4, 2014 9:02:03 GMT -8
Uh. yeah, I'm going to have to disagree about Ive. That would be a disastrous loss IMO. In other news, glad to see that the Ukraine crisis is now a great development for the markets, unlike yesterday when it was horrible development. #random #casino I agree about Ive; I consider him the soul of Apple.
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Mav
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Post by Mav on Mar 4, 2014 9:09:07 GMT -8
Uh. yeah, I'm going to have to disagree about Ive. That would be a disastrous loss IMO. In other news, glad to see that the Ukraine crisis is now a great development for the markets, unlike yesterday when it was horrible development. #random #casino He will leave sometime. If he's half the exec I think he is, Ive isn't siloing his division as much as cultivating it. I want Ive to stick around, obviously.
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Post by Red Shirted Ensign on Mar 4, 2014 9:36:38 GMT -8
Mildly off topic but I wouldn't mind a 20% increase in AAPL's dividend and an increasae to our buyback program...perhaps both on tap soon?
News Breaks March 4, 2014 11:37 EDT QCOM, INTC, BRCM Qualcomm approaches 52-week high after dividend, buyback increases Shares of semiconductor chip maker Qualcomm (QCOM) are advancing after the company raised its quarterly dividend by 20% and announced a $5B increase to its share repurchase plan. WHAT'S NEW: This morning, Qualcomm raised its quarterly dividend 20% to 42c from 35c per share. The increased cash dividend will be effective for quarterly dividends payable after March 26, the company said. In addition, the company announced a $5B increase to its stock repurchase authorization, bringing its total authorization for share repurchases to $7.8B. Qualcomm chairman and CEO Paul Jacobs said, "Our business continues to generate strong operating cash flows driven by the global adoption of our advanced technologies, including 3G and 4G, enabling us to continue to invest in our strategic growth opportunities, while also returning capital to stockholders."
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Post by Deleted on Mar 4, 2014 9:40:26 GMT -8
Give it up already...I wonder how Oil and Gas would have done without 100+ years of Government subsidies/tax breaks. Of course new technology like these aren't going to be as dollar efficient as technologies that have been around for 100+ years...but the point is companies are moving in a new direction. Think about all the energy that comes from the Sun, Wind, Waves, etc...if that can be harnessed, the possibilities are endless. Of course it's not going to replace Oil and Gas in a year or two, but perhaps in 20 or 30.
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Post by mace on Mar 4, 2014 9:45:37 GMT -8
It is time for me to take time for myself and my family,” said Peter Oppenheimer. Is a planned transition after it is made known that Tim Cook is the successor (4 years ago, right?). The only old timers in the Executive team are Jony Ives and Phil Schiller. When?
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Post by mace on Mar 4, 2014 9:52:09 GMT -8
Phoebes, major resistance at SMA50 and 100. Can run beyond that. Only need to go above $534/ 50-day SMA to spark a panic buy. After that expect pause at $551-$557, and if continues, $572-$577. Above $577, would long some OTM calls for possible obscene (10 for 1 type) return. Below $513, worry.
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Post by mace on Mar 4, 2014 9:58:48 GMT -8
It's possible that Peter's new earnings guidance "formula" is perceived as a mistake judging by AAPL's performance, but I think Peter O. retired because it was time. Luca's hire was likely just part of a long planned transition. The 10-year sprint with SJ have sucked out much energy from these executives. If I'm them, would also take opportunity to quit from the highly stressed job once SJ is not around to retire. The obligation to stay is till TC finds his footing. Look like TC is getting there. So expect more original ET members to leave.
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Post by firestorm on Mar 4, 2014 10:02:27 GMT -8
It's possible that Peter's new earnings guidance "formula" is perceived as a mistake judging by AAPL's performance, but I think Peter O. retired because it was time. Luca's hire was likely just part of a long planned transition. The 10-year sprint with SJ have sucked out much energy from these executives. If I'm them, would also take opportunity to quit from the highly stressed job once SJ is not around to retire. The obligation to stay is till TC finds his footing. Look like TC is getting there. So expect more original ET members to leave. Jony Ive could be the exception, if he and Cook have a good working relationship. Artists often find their work so gratifying that they don't like to retire; golf and laying on the beach don't compare to the rush of creation.
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Post by mace on Mar 4, 2014 10:04:08 GMT -8
Uh. yeah, I'm going to have to disagree about Ive. That would be a disastrous loss IMO. In other news, glad to see that the Ukraine crisis is now a great development for the markets, unlike yesterday when it was horrible development. #random #casino He will leave sometime. If he's half the exec I think he is, Ive isn't siloing his division as much as cultivating it. I want Ive to stick around, obviously. Agree with you is about the company direction and not about executive. However, it appears that the chosen successor apparently couldn't pass the Jobs' test. Do you know who is the new successor? Expect Jony to be around for at least three more years.
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Post by mace on Mar 4, 2014 10:09:47 GMT -8
The 10-year sprint with SJ have sucked out much energy from these executives. If I'm them, would also take opportunity to quit from the highly stressed job once SJ is not around to retire. The obligation to stay is till TC finds his footing. Look like TC is getting there. So expect more original ET members to leave. Jony Ive could be the exception, if he and Cook have a good working relationship. Artists often find their work so gratifying that they don't like to retire; golf and laying on the beach don't compare to the rush of creation. Based on some internet articles, I gather that Jony is not getting much time with his family. He appears to be a family man so this might not be the life he wants. Also, he is a British and is knighted. And appear to be fairly patriotic. So, I believe he would leave and go back to UK when the time is appropriate.
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