Re: Apple stock hits all-time high!

"JCrowe" <bongofury@xxxxxxxxxxx> stated in post
vGxMi.8$Pv2.2@xxxxxxxxxxxxxxxxxxxxxxxxxx on 10/2/07 1:16 PM:

Hi Folks,
Oxford wrote:
my sense is Apple is going to go the Google, Berkshire route and never
split again... so while $156ish may sound high, it won't in a year when
it's at $300. APPL is the MSFT of the next decade, so join in the fun.

In a year ya'll can either gloat or wail, but I'm predicting that
Apple's stock price will either plunge in the next year, or that a price
of $300 a share will be cheap due to currency devaluation. The current
stock price for Apple is due to "irrational exuberance" on the part of
speculative investors.....no doubt paying off well for some people but
on the other side of the fall, lots of people who bought at the peak
will be losers. The fundamentals are not in place to support such a
share price. Don't get me wrong, I want Apple to succeed and I hope that
in that process, Apple does not become more like other companies that
became too big to value customer satisfaction.

I would not be surprised to see a pretty substantial correction sometime in
near future.

the Mac is starting to catch fire, and that is a market 70 TIMES as
large as the iPod, so the word is getting that MSFT is the WANG of
computing, so every child you sell and put into AAPL, you'll get 2-4
kids back :)

This seems unlikely. I'm wondering where you get that figure of
70 times larger than iPods. iPods are a lot cheaper to buy than
computers. Thus, while Apple can sell many millions of iPods, selling
that number of computers becomes more of a challenge.

If the recent figures of 6.6 market share are accurate, though, Apple is
doing *very* well. I would be happy to see them hit and retain 10% or so.

And, do you
really want Apple to occupy that niche? Apple can survive and thrive
with the market niche it already has. As somebody who worked for one
of those giant PC manufacturers, I'd hate to see Apple go that route.

They already are giant... but I see what you mean.

My concern for Apple is for when Jobs leaves (again). Who is there to take
his place? Anyone?


--
It usually takes me more than three weeks to prepare a good impromptu
speech. -- Mark Twain

.

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