Danny Novo
Mark just sent me to an article about how investors at Apple’s latest quarterly earnings report were nervous about Steve Jobs’ health. They reportedly asked him to name a successor. Which is just silly. I went back and looked at the list of likely successors. I noted that my favorite (and Job’s favorite, if the article is to be believed), Scott Forstall, Senior vice president, iPhone software, may be watching his star fall, given all the reports of bug-ridden iPhone 2.0 software. Which only serves to illustrate that picking a successor now means having to pick a different successor down the road, if Jobs happens to live a little longer, and/or the Anointed One screws up. So give it a rest, and let’s not kill Steve before his time is up.
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Also worthy of note, at least to me, is that AAPL’s price fell ~$10 on this “news” in after hours trading to $155. Man, I remember worrying if AAPL would ever climb high enough to hit my $20 strike price. Granted, that was a decade ago, but still.…
I would say Jobs and Apple are a good team. However, they need to diversify on the top. The more the better as far as I am concerned. I remember telling a friend to buy at 12/share. The stock has stayed well above 150 even with the big dive in the DOW (er correction). Too bad about iphone 2.0 software being buggy. I think they have another blue ocean product in the iphone and itouch. It is just a matter of time till I get a touch. I was hooked on one when I tried it at Best Buy with a friend that already knew how to really demo the thing.
citation:
“Blue Ocean Strategy”- Chan Kim, Harvard Business School Press 2005 Boston
And Apple’s current price is after at least one, maybe two stock splits since those cozy days of $12 a share. Sigh. I sold my stock at $17 to but a new Mac.