Companies you believe in (1 Viewer)

[Native]

If you have more than 10% of your IRA in AAPL you're nuts... and I'm as big of an AAPL homer as there is on these forums I think.

I always loved this quote. AAPL price on 2.27.11 - 84.61AAPL price on 8.23.11 - 356.44

 

[adonis]

If you have more than 10% of your IRA in AAPL you're nuts... and I'm as big of an AAPL homer as there is on these forums I think.

I always loved this quote. AAPL price on 2.27.11 - 84.61AAPL price on 8.23.11 - 356.44

Still room to grow, even at 356. May go down more, but overall, they're still growing their market...still innovating, still pushing forward. More growth to come.

 

[Topes]

Steve Jobs resigns as CEO, named chairman

 

[goonsquad]

Steve Jobs resigns as CEO, named chairman

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

 

[tommyGunZ]

Steve Jobs resigns as CEO, named chairman

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Really? This is your take?

 

[goonsquad]

Steve Jobs resigns as CEO, named chairman

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Really? This is your take?

From the perspective of what is best for Apple, absolutely. Don't get me wrong, Steve Jobs is irreplaceable but everyone knew that this day would come so it's better to make the transition now than wait. Having Steve pass away while leading the day-to-day operations would be disastrous for the company and Steve knows this. He has chosen a perfect time to begin transitioning out and is doing so in a way that will hopefully avoid serious investor panic. He will remain involved as Chairman of the Board for the foreseeable future and in that time Cook will prove he is able to keep the Apple juggernaught rolling.Not sure why this view would surprise you.

 

[[icon]]

If you have more than 10% of your IRA in AAPL you're nuts... and I'm as big of an AAPL homer as there is on these forums I think.

I always loved this quote. AAPL price on 2.27.11 - 84.61AAPL price on 8.23.11 - 356.44

I was dead wrong... but ask any investment professional about putting more than 10pct of your retirement accounts into a single stock. Terrible idea. Glad some folks got paid tho!

 

[tommyGunZ]

Steve Jobs resigns as CEO, named chairman

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Really? This is your take?

From the perspective of what is best for Apple, absolutely. Don't get me wrong, Steve Jobs is irreplaceable but everyone knew that this day would come so it's better to make the transition now than wait. Having Steve pass away while leading the day-to-day operations would be disastrous for the company and Steve knows this. He has chosen a perfect time to begin transitioning out and is doing so in a way that will hopefully avoid serious investor panic. He will remain involved as Chairman of the Board for the foreseeable future and in that time Cook will prove he is able to keep the Apple juggernaught rolling.Not sure why this view would surprise you.

I'm surprised that you would actually suggest that replacing an "irreplaceable" CEO is a "good move". Perhaps it's the best move possible if Steve's health is worse than we know, but that's far different than the news being a "good move" for the company. You can't argue that Jobs is the best CEO in the world, and then on the other hand his leaving is a "good move". Even Apple spin won't hide that hypocrisy.

 

[adonis]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.

However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

 

[goonsquad]

Steve Jobs resigns as CEO, named chairman

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Really? This is your take?

From the perspective of what is best for Apple, absolutely. Don't get me wrong, Steve Jobs is irreplaceable but everyone knew that this day would come so it's better to make the transition now than wait. Having Steve pass away while leading the day-to-day operations would be disastrous for the company and Steve knows this. He has chosen a perfect time to begin transitioning out and is doing so in a way that will hopefully avoid serious investor panic. He will remain involved as Chairman of the Board for the foreseeable future and in that time Cook will prove he is able to keep the Apple juggernaught rolling.Not sure why this view would surprise you.

I'm surprised that you would actually suggest that replacing an "irreplaceable" CEO is a "good move". Perhaps it's the best move possible if Steve's health is worse than we know, but that's far different than the news being a "good move" for the company. You can't argue that Jobs is the best CEO in the world, and then on the other hand his leaving is a "good move". Even Apple spin won't hide that hypocrisy.

Now you're just being obtuse. Obviously the ideal situation would be that Steve never gets pancreatic cancer and is able to continue on as CEO for another 20-30 years. Unfortunately thats not the reality of the situation. Look, everyone knows that he was going to be stepping down sooner or later anyways. The anticipation of this "event" has been holding the stock back for a few years now, all of Wall Street has been waiting for the day that he dies. So considering the things we can't change and the situation we are in, I think it's a good move to strategically choose now to make a transition. Apple is in the best spot it's ever been in and has several major product launches coming in the next few months. It's brilliant timing to make an unfortunate but necessary move.

 

[tommyGunZ]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Completely agree. The idea that Jobs suddenly stepping down is a "good move" for the company is nonsense.

 

[goonsquad]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Completely agree. The idea that Jobs suddenly stepping down is a "good move" for the company is nonsense.

Ok Tommy. How about you enlighten us with how you would suggest Apple and Jobs handle his health issues and succession plans. You are so intent on arguing my statement of it being a "good move" to announce his retirement now, please explain to us all what they should have done if his resigning now is such a bad move. Wow us all with your strategic business genius, Tommy.

 

[Sinn Fein]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Its always tough to lose a great leader. But I think a few things suggest a bright future ahead for apple in the next 5-10 years. First, because of the past health issues for Jobs, Apple has made it a priority to have a succession plan in place. An orderly transition is important to maintaining momentum. Second, by all accounts, Cook has been an excellent "keep the trains running on time" leader at Apple. He is a supply chain guy, and because of Apple's tight integration between software and hardware, this is very important - critical - to their future success. Third, Jobs is not going away right now. As COB, he will have a huge influence over the direction of the company - it is probably the right role for him at this stage. Fourth, Jobs (and others) have done a tremendous job in creating a culture of innovation at Apple. That culture, as much as Jobs himself, has lead to some great consumer product ideas. I think it will continue to churn out innovative products. Fifth, I think Jonathan Ive is underrated in terms of product influence at Apple. Apple is very strong one level below Jobs, the key will be to keep these people, and to begin to cultivate their successors.Jobs is a visionary. But he has also infested his vision throughout the company. I think it continues on its path for at least the next 5-10 years.

 

[Rick James]

If you have more than 10% of your IRA in AAPL you're nuts... and I'm as big of an AAPL homer as there is on these forums I think.

I always loved this quote. AAPL price on 2.27.11 - 84.61AAPL price on 8.23.11 - 356.44

Still not a smart idea.

 

[goonsquad]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Completely agree. The idea that Jobs suddenly stepping down is a "good move" for the company is nonsense.

Ok Tommy. How about you enlighten us with how you would suggest Apple and Jobs handle his health issues and succession plans. You are so intent on arguing my statement of it being a "good move" to announce his retirement now, please explain to us all what they should have done if his resigning now is such a bad move. Wow us all with your strategic business genius, Tommy.

Why do I get the feeling that Tommy's Apple succession plan will be loosely inspired by 'Weekend At Bernie's"?

 

[thecatch]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Completely agree. The idea that Jobs suddenly stepping down is a "good move" for the company is nonsense.

Ok Tommy. How about you enlighten us with how you would suggest Apple and Jobs handle his health issues and succession plans. You are so intent on arguing my statement of it being a "good move" to announce his retirement now, please explain to us all what they should have done if his resigning now is such a bad move. Wow us all with your strategic business genius, Tommy.

I'm guessing his problem is that "good" is a terrible description for the move, and one that I'm frankly shocked to hear even from the most ridiculous of Apple homers. Is it necessary or inevitable, given his declining health? Perhaps. But there's nothing "good" about it. Apple management shouldn't be slapping itself on the back that their CEO, who is maybe more important to his company than any other CEO in a major American corporation other than maybe Warren Buffett, is being forced to resign due to health concerns. If Jobs can't handle the CEO position any more, as he says, this isn't so much the execution of a well-choreographed succession plan as it is the terrible and unfortunate consequences of his illness.

 

[The Commish]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Completely agree. The idea that Jobs suddenly stepping down is a "good move" for the company is nonsense.

Ok Tommy. How about you enlighten us with how you would suggest Apple and Jobs handle his health issues and succession plans. You are so intent on arguing my statement of it being a "good move" to announce his retirement now, please explain to us all what they should have done if his resigning now is such a bad move. Wow us all with your strategic business genius, Tommy.

He's saying the term "good move" is incorrect. I agree with him. It's the best move they have and I agree with it 100% but to label it "good" a bit out there. I doubt anyone at Apple thinks him stepping down is "good" though I am confident they understand why the decision had to be made.

 

[goonsquad]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.

However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Completely agree. The idea that Jobs suddenly stepping down is a "good move" for the company is nonsense.

Ok Tommy. How about you enlighten us with how you would suggest Apple and Jobs handle his health issues and succession plans. You are so intent on arguing my statement of it being a "good move" to announce his retirement now, please explain to us all what they should have done if his resigning now is such a bad move. Wow us all with your strategic business genius, Tommy.

He's saying the term "good move" is incorrect. I agree with him. It's the best move they have and I agree with it 100% but to label it "good" a bit out there. I doubt anyone at Apple thinks him stepping down is "good" though I am confident they understand why the decision had to be made.

You guys are confusing the situation itself with how they are choosing to deal with the situation. Steve Jobs having pancreatic cancer is a bad situation. I have never stated otherwise. Yet it is a situation that Apple finds itself in and has no control over. So now they have to decide how to deal with this bad situation. Jobs could continue indefinitely in his role as CEO, continue taking sporadic medical leaves as necessary, and keep investors feeling like the company and stock is walking on eggshells. That is one way of dealing with this situation, one which I think would be a bad move. Instead, they chose to have Steve step down as CEO yet stay involved as COB. They chose to do so on the eve of arguable their biggest product launches (iPhone 5, iOS 5, iCloud, iPad 3), in hopes that those launches would lessen the negative impact on AAPL. This decision, based on timing and investors fears, I think is a good move. Apple has to play the cards they have been dealt. In light of a bad situation that they cannot change, I'm saying they have made a good move in choosing how and when to deal with it.

 

[The Commish]

Apple is poised to be stellar for at least the next 2-3 years simply on the momentum of what Steve Jobs has created.

However, it's hard to see this in any way as good news. My guess, of course, is health related issues, but regardless, it's a blow to the company. No one has been a better visionary in technology over the past decade than steve jobs and to lose him and his single-minded focus on excellence at the helm of the company is a big loss.

Completely agree. The idea that Jobs suddenly stepping down is a "good move" for the company is nonsense.

Ok Tommy. How about you enlighten us with how you would suggest Apple and Jobs handle his health issues and succession plans. You are so intent on arguing my statement of it being a "good move" to announce his retirement now, please explain to us all what they should have done if his resigning now is such a bad move. Wow us all with your strategic business genius, Tommy.

He's saying the term "good move" is incorrect. I agree with him. It's the best move they have and I agree with it 100% but to label it "good" a bit out there. I doubt anyone at Apple thinks him stepping down is "good" though I am confident they understand why the decision had to be made.

You guys are confusing the situation itself with how they are choosing to deal with the situation. Steve Jobs having pancreatic cancer is a bad situation. I have never stated otherwise. Yet it is a situation that Apple finds itself in and has no control over. So now they have to decide how to deal with this bad situation. Jobs could continue indefinitely in his role as CEO, continue taking sporadic medical leaves as necessary, and keep investors feeling like the company and stock is walking on eggshells. That is one way of dealing with this situation, one which I think would be a bad move. Instead, they chose to have Steve step down as CEO yet stay involved as COB. They chose to do so on the eve of arguable their biggest product launches (iPhone 5, iOS 5, iCloud, iPad 3), in hopes that those launches would lessen the negative impact on AAPL. This decision, based on timing and investors fears, I think is a good move. Apple has to play the cards they have been dealt. In light of a bad situation that they cannot change, I'm saying they have made a good move in choosing how and when to deal with it.

NONE of this came through your initial posts. It doesn't appear that anyone's confused. Your initial post made no distinction between the situation and how to deal with the situation. Now that you have qualified your initial comments, I don't think anyone would disagree with you other than some of us would label it "the best move they have" instead of "a good move".

 

[thecatch]

goon, you are narrowly framing the issue in an odd way, apparently in an effort to put a positive spin on this. I dont't see Apple as having had much of a choice - if Jobs health is seriously deteriorating, the option of "taking sporadic medical leaves" wasn't a realistic option. If Jobs and/or the company only had one plausible course of action, they hardly deserve special commendation for choosing that path.

 

[adonis]

Honestly, this announcement saddens me. Great people in human history come around seldom. And as odd and almost heretical as it sounds, I place him on the same society-changing level as people like Martin Luther King, Martin Luther, Abraham Lincoln, etc.

His impact on all of our lives has been profound, from making personal computing mainstream with GUI's, Pixar creation, ipod, iphone, really innovating the way we all use technology.

I think history will judge him as a seminal player in the digital age, a true reformer, in the traditional and new sense of taking raw material and potential and making it available to the average consumers...just true genius.

I don't think anyone in business has been as successful IN business, or in changing the way consumers engage in the technical world as Jobs has. His track record of touching things and turning them to gold is apparent. HIs impact on making entertainment more easily available to people, either through music, games or tv/movies, is apparent through things like the itunes store and app store.

It's really a loss for us all that he couldn't continue to drive apple, and potentially other companies, for decades to come. I'm not sure we'll see such another iconic figure in technology in all of our lifetimes, who can take a field as complex as cell phones, a field that is cluttered, not particularly user friendly, and revolutionize it and make it much more fun to use and productive.

All of this and more makes me sad to see him go. He may have been an ### to people he worked with, but his impact on all of our lives can hardly be understated. As a technophile, I'm in his debt.

 

[tommyGunZ]

Honestly, this announcement saddens me. Great people in human history come around seldom. And as odd and almost heretical as it sounds, I place him on the same society-changing level as people like Martin Luther King, Martin Luther, Abraham Lincoln, etc.

 

[tommyGunZ]

NONE of this came through your initial posts. It doesn't appear that anyone's confused. Your initial post made no distinction between the situation and how to deal with the situation. Now that you have qualified your initial comments, I don't think anyone would disagree with you other than some of us would label it "the best move they have" instead of "a good move".

Exactly. Apple is obviously attempting to do the best they can with this bad hand. Perhaps from a strategic standpoint this is the best time to usher Steve out after an analysis of his health and the company's strong upcoming launches. I expected some spin from the resident Apple homers, but "good move" being the initial comment upon news of Jobs stepping down was shocking. Especially since it contained absolutely no acknowledgement of how the loss of Jobs is and will be a blow to Apple.

 

[[icon]]

Tommy rocking a shiny set of full blown blinders in here.

One of two things is going on with his interpretation here:

1) He actually REALLY thought that Goon felt that losing Steve was a Good thing for Apple... in which case I sorta feel sorry for the guy.

2) He's just being obtuse to try to stir up crap.... in which case it's sorta sad on another level.

I don't think any rational person would think anyone (even Goon) could view Jobs stepping down as a "Good Thing". But hey... I've been wrong before.

Hate to see the guy step down, but I agree with those who said that a smooth transition during a stable time in the company's product pipeline is much better than a "shock to the system" death/hospitalization departure. Hopefully Jobs is of sufficiently good health to stick around as a guiding force for the next half-decade or so as we're at a truly interesting time with regards to consumer tech and the convergence of broadcast/mobile/internet-enabled devices.

Some cool #### will come over the horizon in the next decade and I think that stuff will be that much cooler if steve's around to steer the ship.

 

[tommyGunZ]

Tommy rocking a shiny set of full blown blinders in here. One of two things is going on with his interpretation here:1) He actually REALLY thought that Goon felt that losing Steve was a Good thing for Apple... in which case I sorta feel sorry for the guy. 2) He's just being obtuse to try to stir up crap.... in which case it's sorta sad on another level. I don't think any rational person would think anyone (even Goon) could view Jobs stepping down as a "Good Thing". But hey... I've been wrong before. Hate to see the guy step down, but I agree with those who said that a smooth transition during a stable time in the company's product pipeline is much better than a "shock to the system" death/hospitalization departure. Hopefully Jobs is of sufficiently good health to stick around as a guiding force for the next half-decade or so as we're at a truly interesting time with regards to consumer tech and the convergence of broadcast/mobile/internet-enabled devices. Some cool #### will come over the horizon in the next decade and I think that stuff will be that much cooler if steve's around to steer the ship.

"good move" was not the first words I expected to read when opening the Apple thread to see reaction to the Jobs news.

 

[goonsquad]

NONE of this came through your initial posts. It doesn't appear that anyone's confused. Your initial post made no distinction between the situation and how to deal with the situation. Now that you have qualified your initial comments, I don't think anyone would disagree with you other than some of us would label it "the best move they have" instead of "a good move".

Exactly. Apple is obviously attempting to do the best they can with this bad hand. Perhaps from a strategic standpoint this is the best time to usher Steve out after an analysis of his health and the company's strong upcoming launches. I expected some spin from the resident Apple homers, but "good move" being the initial comment upon news of Jobs stepping down was shocking. Especially since it contained absolutely no acknowledgement of how the loss of Jobs is and will be a blow to Apple.

Really? My posts contained absolutely no acknowledgement of this? Did you really believe that I was saying that it's a "good move" that Steve Jobs got cancer in the first place? You honestly thought that by saying "good move" (which you repeatedly quoted in your posts) I was referring to the situation as a whole and not Apple's strategic decision to deal with that unfortunate situation?Really?

Steve Jobs resigns as CEO, named chairman

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Really? This is your take?

From the perspective of what is best for Apple, absolutely. Don't get me wrong, Steve Jobs is irreplaceable but everyone knew that this day would come so it's better to make the transition now than wait. Having Steve pass away while leading the day-to-day operations would be disastrous for the company and Steve knows this. He has chosen a perfect time to begin transitioning out and is doing so in a way that will hopefully avoid serious investor panic. He will remain involved as Chairman of the Board for the foreseeable future and in that time Cook will prove he is able to keep the Apple juggernaught rolling.Not sure why this view would surprise you.

I'm surprised that you would actually suggest that replacing an "irreplaceable" CEO is a "good move". Perhaps it's the best move possible if Steve's health is worse than we know, but that's far different than the news being a "good move" for the company. You can't argue that Jobs is the best CEO in the world, and then on the other hand his leaving is a "good move". Even Apple spin won't hide that hypocrisy.

Now you're just being obtuse. Obviously the ideal situation would be that Steve never gets pancreatic cancer and is able to continue on as CEO for another 20-30 years. Unfortunately thats not the reality of the situation. Look, everyone knows that he was going to be stepping down sooner or later anyways. The anticipation of this "event" has been holding the stock back for a few years now, all of Wall Street has been waiting for the day that he dies. So considering the things we can't change and the situation we are in, I think it's a good move to strategically choose now to make a transition. Apple is in the best spot it's ever been in and has several major product launches coming in the next few months. It's brilliant timing to make an unfortunate but necessary move.

 

[The Commish]

Really? My posts contained absolutely no acknowledgement of this? Did you really believe that I was saying that it's a "good move" that Steve Jobs got cancer in the first place? You honestly thought that by saying "good move" (which you repeatedly quoted in your posts) I was referring to the situation as a whole and not Apple's strategic decision to deal with that unfortunate situation?Really?

If you'd pay attention, he was talking about your initial post. That's all he's been talking about.

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Your subsequent posts cleared things up eventually. I don't see where you talked about how this would be a blow to Apple in your original post. Show me by highlighting above.

 

[goonsquad]

Really? My posts contained absolutely no acknowledgement of this? Did you really believe that I was saying that it's a "good move" that Steve Jobs got cancer in the first place? You honestly thought that by saying "good move" (which you repeatedly quoted in your posts) I was referring to the situation as a whole and not Apple's strategic decision to deal with that unfortunate situation?Really?

If you'd pay attention, he was talking about your initial post. That's all he's been talking about.

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Your subsequent posts cleared things up eventually. I don't see where you talked about how this would be a blow to Apple in your original post. Show me by highlighting above.

Done.

 

[The Commish]

Oh...and by the way....damn you jackals for making me defend TG here!!!!!

 

[The Commish]

Really? My posts contained absolutely no acknowledgement of this? Did you really believe that I was saying that it's a "good move" that Steve Jobs got cancer in the first place? You honestly thought that by saying "good move" (which you repeatedly quoted in your posts) I was referring to the situation as a whole and not Apple's strategic decision to deal with that unfortunate situation?Really?

If you'd pay attention, he was talking about your initial post. That's all he's been talking about.

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Your subsequent posts cleared things up eventually. I don't see where you talked about how this would be a blow to Apple in your original post. Show me by highlighting above.

Done.

That's pretty much what I figured FWIW....scenarios like this are why you are listed second in line behind moderated as head fanboy in the FFA.

 

[adonis]

Honestly, this announcement saddens me. Great people in human history come around seldom. And as odd and almost heretical as it sounds, I place him on the same society-changing level as people like Martin Luther King, Martin Luther, Abraham Lincoln, etc.

Yeah, it's odd, but the way PC's have changed the landscape of our culture is huge. Liken it, to a certain degree, to the gutenburg press. Sure, computers were around before the PC and Woz and Jobs doing their thing, but each of these guys did more to make PC's accessible to the average joe than anyone else, and look where we are. Then in consumer electronics, Jobs really took the bar up a few notches with the iPod, iPhone, iPad and we'll see how the iCloud does. But the next generation of our culture will have SO much information available at their fingertips in easy to digest formats, that I truly do expect some type of worldwide informational revolution to take place due to these advances. WE've seen in the middle east what can be done with new technologies that allow people access to communication devices and other information content streams...truly revolutionary, in the strictest sense of the term. Perhaps more of that will follow, and certainly Jobs didn't invent the cell phone, or the music player, or the software used on them, but I think he contributed in a big way to usability and pulled the rest of the industry along with it.Big loss.

 

[goonsquad]

Really? My posts contained absolutely no acknowledgement of this? Did you really believe that I was saying that it's a "good move" that Steve Jobs got cancer in the first place? You honestly thought that by saying "good move" (which you repeatedly quoted in your posts) I was referring to the situation as a whole and not Apple's strategic decision to deal with that unfortunate situation?Really?

If you'd pay attention, he was talking about your initial post. That's all he's been talking about.

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Your subsequent posts cleared things up eventually. I don't see where you talked about how this would be a blow to Apple in your original post. Show me by highlighting above.

Done.

That's pretty much what I figured FWIW....scenarios like this are why you are listed second in line behind moderated as head fanboy in the FFA.

Whatever. Everything I wrote in that first post talks about why it was a "good move" in light of investor fears and the timing and impact such a move would have on the company.

 

[tommyGunZ]

goons - perhaps some of the disagreement stems from the fact that you probably know far more about Steve's health than we do. Maybe you saw it coming, but this was a shock to 99% of us. For all we knew, Jobs still had 3, maybe 5 years left at Apple.

That's why it's amusing to many of us that the first two words from you in reaction to Jobs' resignation was "good move". Literally your first two words.

 

[tommyGunZ]

AP report - "Peyton Manning Retires"

goonsColtfan: "Good move."

 

[The Commish]

Really? My posts contained absolutely no acknowledgement of this? Did you really believe that I was saying that it's a "good move" that Steve Jobs got cancer in the first place? You honestly thought that by saying "good move" (which you repeatedly quoted in your posts) I was referring to the situation as a whole and not Apple's strategic decision to deal with that unfortunate situation?Really?

If you'd pay attention, he was talking about your initial post. That's all he's been talking about.

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Your subsequent posts cleared things up eventually. I don't see where you talked about how this would be a blow to Apple in your original post. Show me by highlighting above.

Done.

That's pretty much what I figured FWIW....scenarios like this are why you are listed second in line behind moderated as head fanboy in the FFA.

Whatever. Everything I wrote in that first post talks about why it was a "good move" in light of investor fears and the timing and impact such a move would have on the company.

That's exactly what it talks about. It does NOT talk about how the Jobs' loss will impact the company, which is what TG had issue with. indeed

 

[tommyGunZ]

Great to see us on the same page Commish.

 

[The Commish]

Great to see us on the same page Commish.

It's weird right? Yeah...it's weird.

 

[tommyGunZ]

Ouch. The timing is suspect, but I'm a Sorkin fan so I'll overlook it.

The Mystery of Steve Jobs’s Public GivingBY ANDREW ROSS SORKINSteve Jobs, a founder of Apple, has focused on his work to improve the lives of millions of people through technology.Steve Jobs is a genius. He is an innovator. A visionary. He is perhaps the most beloved billionaire in the world.Surprisingly, there is one thing that Mr. Jobs is not, at least not yet: a prominent philanthropist.Despite accumulating an estimated $8.3 billion fortune through his holdings in Apple and a 7.4 percent stake in Disney (through the sale of Pixar), there is no public record of Mr. Jobs giving money to charity. He is not a member of the Giving Pledge, the organization founded by Warren E. Buffett and Bill Gates to persuade the nation’s wealthiest families to pledge to give away at least half their fortunes. (He declined to participate, according to people briefed on the matter.) Nor is there a hospital wing or an academic building with his name on it.None of this is meant to judge Mr. Jobs. I have long been a huge admirer of Mr. Jobs and consider him the da Vinci of our time. Before writing this column, I had reservations about even raising the issue given his ill health, and frankly, because of the enormous positive impact his products have had by improving the lives of millions of people through technology.And, of course, it is very possible that Mr. Jobs, who has always preferred to remain private, has donated money anonymously or has drafted a plan to give away his wealth upon his death. (There has long been speculation that an anonymous $150 million donation to the Helen Diller Family Comprehensive Cancer Center at the University of California, San Francisco may have come from Mr. Jobs.) His wife, Laurene Powell Jobs, sits on the boards of Teach for America and the New Schools Venture Fund, among others, and presumably donates money to those organizations, though neither she nor her husband are listed among its big donors.But the lack of public philanthropy by Mr. Jobs — long whispered about, but rarely said aloud — raises some important questions about the way the public views business and business people at a time when some “millionaires and billionaires” are criticized for not giving back enough while others like Mr. Jobs are lionized.A spokesman for Apple declined to comment.Mr. Jobs has clearly never craved money for money’s sake and has never been ostentatious with his wealth. He took a $1-a-year salary from Apple before stepping down as chief executive last week, though his stock options have made him billions of dollars. In a 1985 interview with Playboy magazine, he said of his riches, “You know, my main reaction to this money thing is that it’s humorous, all the attention to it, because it’s hardly the most insightful or valuable thing that’s happened to me.”Which makes his lack of public giving all the more curious. At one time in his life, Mr. Jobs clearly spent time thinking about philanthropy. In 1986, after leaving Apple and founding NeXT, he started the Steven P. Jobs Foundation. But he closed it a little over a year later. Mark Vermilion, whom Mr. Jobs hired away from Apple to run the foundation, said in an interview, “He clearly didn’t have the time.” Mr. Vermilion said that Mr. Jobs was interested in financing programs involving nutrition and vegetarianism, while Mr. Vermilion pushed him toward social entrepreneurism. “I don’t know if it was my inability to get him excited about it,” he said. “I can’t criticize Steve.”Two of his close friends, both of whom declined to be quoted by name, told me that Mr. Jobs had said to them in recent years, as his wealth ballooned, that he could do more good focusing his energy on continuing to expand Apple than on philanthropy, especially since his illness. “He has been focused on two things — building the team at Apple and his family,” another friend said. “That’s his legacy. Everything else is a distraction.”Yet with not many exceptions, most American billionaires have taken up philanthropy in a public way and helped inspire future generations of charitable giving. And those that haven’t have typically come under scrutiny.Before Bill Gates decided to focus on the Bill and Melinda Gates Foundation to give away their entire fortune, he was often cast as a greedy monopolist. Similarly, critics of Mr. Buffett sometimes zinged arrows at him before he announced his plan to give away the bulk of his wealth, using the foundation of his friend Bill Gates to allocate the money. Even after he announced his philanthropic plans, Mr. Buffett was criticized for not giving his money away earlier or for not devoting more energy to giving it away himself.“He gave away 2 and one half cents for the first 70-some-odd years of his life. He gave away nothing and then in one fell swoop he gave away almost all of his money, thoughtlessly, to one guy,” Michael Steinhardt, the hedge fund manager and philanthropist, said in a somewhat surprising outburst on CNBC earlier this year. (Mr. Steinhardt has long held an inexplicable grudge against Mr. Buffett.)Another billionaire, Sam Walton, the founder of Wal-Mart Stores, did not start the Walton Family Foundation until he was 69, just five years before his death. In his autobiography, Mr. Walton expressed misgivings about formal charity programs. “We have never been inclined to give any undeserving stranger a free ride.” He was also reluctant for Wal-Mart itself to give money to charity. “We feel very strongly,” he wrote, “that Wal-Mart really is not, and should not be, in the charity business.”Of course, some wealthy executives give away money, in part, to buff their image — and Mr. Jobs has never needed any help in that department.Last year, Mark Zuckerberg, a founder of Facebook, gave a $100 million challenge grant to Newark’s troubled school system. The donation was made a week before the movie “The Social Network” was to be released and many speculated, perhaps unfairly, that the donation was timed to blunt any negative repercussions from the film. And programs like the Giving Pledge have been criticized by some philanthropists as more about getting attention than being selfless.Mr. Jobs, 56 years old, is not alone in his single-minded focus on work over philanthropy. It wasn’t until Mr. Buffett turned 75 that he turned his attention to charity, saying that he was better off spending his time allocating capital at Berkshire Hathaway — where he believed he could create even greater wealth to give away — than he would ever be at devoting his energies toward running a foundation.And last year, Carlos Slim Helú, the Mexican telecommunications billionaire, defended his lack of charity and his refusal to sign the Giving Pledge. “What we need to do as businessmen is to help to solve the problems, the social problems,” he said in an interview on CNBC. “To fight poverty, but not by charity.”Mr. Jobs’s views on charity are unclear since he rarely talks about it. But in 1997, when Mr. Jobs returned to Apple, he closed the company’s philanthropic programs. At the time, he said he wanted to restore the company’s profitability. Despite the company’s $14 billion in profits last year and its $76 billion cash pile today, the giving programs have never been reinstated.While many high-growth technology companies have philanthropic arms, Apple does not. It does not have a company matching program for charitable giving by its employees like some other Fortune 500 companies. The company did donate $100,000 in 2008 to a group seeking to block Proposition 8, a ballot measure that would have banned same-sex marriage in California. But over all, Apple has been one of “America’s least philanthropic companies,” as termed by Stanford Social Innovation Review, a magazine about the nonprofit sector, in 2007.Still it is worth noting, and commending, Mr. Jobs for his role last year in helping push California to become the first state to create a live donor registry for kidney transplants. Mr. Jobs suffers from pancreatic cancer and underwent a liver transplant in 2009 in Memphis, in part because no livers were available in California. A conversation he had with Maria Shriver, then California’s first lady, led Gov. Arnold Schwarzenegger to help take up the cause.Mr. Jobs helped introduce the legislation at the Lucile Packard Children’s Hospital with Mr. Schwarzenegger, but that appears to be the last time he publicly advocated on behalf of cancer patients. Unlike Lance Armstrong and other celebrated cancer survivors, Mr. Jobs has not used his prominence to promote charitable giving.In 2006, in a scathing column in Wired, Leander Kahney, author of “Inside Steve’s Brain,” wrote: “Yes, he has great charisma and his presentations are good theater. But his absence from public discourse makes him a cipher. People project their values onto him, and he skates away from the responsibilities that come with great wealth and power.”Yet Mr. Jobs has always been upfront about where he has chosen to focus. In an interview with The Wall Street Journal in 1993 , he said, “Going to bed at night saying we’ve done something wonderful … that’s what matters to me.”Let’s hope Mr. Jobs has many more years to make wonderful things — and perhaps to inspire his legions of admirers to give.

 

[goonsquad]

Steve Jobs resigns as CEO, named chairman

Good move, IMO. Transition Steve out slowly, let investors get comfortable with the idea of Cook and Co. running the show. Especially love the timing, right before the launch of the iPhone 5, iOS 5, iCloud and the iPad 3 early next year. Should be a huge next few quarters for them, which will only help establish Cook in the role of CEO.

Really? This is your take?

From the perspective of what is best for Apple, absolutely. Don't get me wrong, Steve Jobs is irreplaceable but everyone knew that this day would come so it's better to make the transition now than wait. Having Steve pass away while leading the day-to-day operations would be disastrous for the company and Steve knows this. He has chosen a perfect time to begin transitioning out and is doing so in a way that will hopefully avoid serious investor panic. He will remain involved as Chairman of the Board for the foreseeable future and in that time Cook will prove he is able to keep the Apple juggernaught rolling.Not sure why this view would surprise you.

8/24/11 AAPL: 376.188/25/11 AAPL: 373.72

8/26/11 AAPL: 383.56

8/29/11 AAPL: 389.99

Nailed it.

 

[Green94]

8/24/11 AAPL: 376.18

8/25/11 AAPL: 373.72

8/26/11 AAPL: 383.56

8/29/11 AAPL: 389.99

Nailed it.

I was hoping for a LITTLE sell off so I could buy back even more AAPL

 

[adonis]

Two words: gang busters

420 today.

 

[adonis]

Enjoying the autobiography of Steve Jobs. Wow, what a life and experience so far, and I'm only up to 1984.

Seems that much of the success has been so personally driven by the charisma, charm, and sheer force of will of Steve Jobs, so much so that I'm having a hard time believing that the company will be able to continue for too long as a dominant force.

It's something I'll watch closely, as an investor, over the next year or two and I think at the end of the next year, going into the second full year without Jobs, I'll decide whether I want to stay committed to apple long term or not.

But again, the biography is fascinating. If you've been as avid a follower of Apple as I have been, or are just curious, it's worth your time/money.

 

[tommyGunZ]

Enjoying the autobiography of Steve Jobs. Wow, what a life and experience so far, and I'm only up to 1984.Seems that much of the success has been so personally driven by the charisma, charm, and sheer force of will of Steve Jobs, so much so that I'm having a hard time believing that the company will be able to continue for too long as a dominant force. It's something I'll watch closely, as an investor, over the next year or two and I think at the end of the next year, going into the second full year without Jobs, I'll decide whether I want to stay committed to apple long term or not. But again, the biography is fascinating. If you've been as avid a follower of Apple as I have been, or are just curious, it's worth your time/money.

I own APPL, though at a much higher basis than you. I agree with your timetable. I'll probably sell off 1/2 my position after they blow away expectations when they announce Q4 numbers in January. I'll be interested in your take on Jobs the human after you finish the book.

 

[adonis]

:cough cough:

 

[JHuber77]

YRC Worldwide is a company that everyone should look into. Fortune 500 company who is basically the largest transport company in the world. My BIL told me to buy stock a few months ago (YRCW) and I held back. The same shares he suggested buying a few months ago (less than 6 months) would have made me a fortune. The shares last year were at something like $1500. I could have bought for less than $1. Currently sitting at about $14.00

 

[tommyGunZ]

YRC Worldwide is a company that everyone should look into. Fortune 500 company who is basically the largest transport company in the world. My BIL told me to buy stock a few months ago (YRCW) and I held back. The same shares he suggested buying a few months ago (less than 6 months) would have made me a fortune. The shares last year were at something like $1500. I could have bought for less than $1. Currently sitting at about $14.00

there was a 1:300 split in Dec.

 

[The Commish]

I've got about 16 months left with APPL, then am cashing in and rolling it over to a Roth IRA.

 

[eoMMan]

Steve Jobs died. Keep that in mind when looking at Apple.

(didn't know if you guys knew about this)

 

[The Commish]

Steve Jobs died. Keep that in mind when looking at Apple.(didn't know if you guys knew about this)

part of the reason I plan on cashing in actually.

 

[Major]

Steve Jobs died. Keep that in mind when looking at Apple.(didn't know if you guys knew about this)

part of the reason I plan on cashing in actually.

You can take some money off the table but now is actually a great entry point for reasons I stated in that other AAPL thread regarding recent earnings...Jobs set this company in motion for the next few years and AAPL will likely become the first company with a trillion dollar market cap.