Steve Job's Died.

[Grastmatt2552]

The world of technology has lost a pioneer.

Rest in peace Mr. Jobs.

[TSOTSI]

Before we get a little to carried away here are a few reality checks.
1. GUIs (the foundation of Apple is a Xerox invention)
2. While his name appears on at least 10 patents for Apple, they are all collaborative with a team of people and are all to do with the aesthetics and shapes. No engineering or electronics.
3. There would be no Apple today were it not for Bill Gates and Larry Ellison.
4. He created more jobs in China than the USA
5. He was to Apple what Donald Trump is to the Trump Empire. A visionary, a salesman extraordinaire a leader, but no Edison, Bell, Marconi.
6. Not to mention an ardent supporter of the moron in the white house.
7. If you think his politics weren't important and influential, let me ask this?
What do you think are the electronics of choice in the sea of unwashed scum that are Occupy Wall Street?
8. Lastly. How much financial resources did he donate to politicians and causes to deprive our brothers and sisters in California of there 2nd Amendment Rights?

Lets not get all sloppy and start the canonization just yet folks.

[MrPrena]

AAPL has the 2nd largest market cap below XOM (359.553B).
AAPL beat petro china not too long ago.

Some argues that there are some countries that break up the companies in pieces like Samsung, or Mitsubishi.
Even if Samsung (elec,SDI, SDS,C&T, etc)'s mkt cap was combined, it woult be near 200b.

[TSOTSI]

Yes that is true but market cap is a pie in the sky number that is controlled at the whims of traders and investors. How about comparing the assets. I remember when Amazon was the flavor of the month. It had a market cap that exceeded the largest airlines, and they didn't own a warehouse or a truck. Wall Street has long since stopped reflecting an accurate picture of reality.

[MrPrena]

Yes that is true but market cap is a pie in the sky number that is controlled at the whims of traders and investors. How about comparing the assets. I remember when Amazon was the flavor of the month. It had a market cap that exceeded the largest airlines, and they didn't own a warehouse or a truck. Wall Street has long since stopped reflecting an accurate picture of reality.

Yes, other Valuation Measures should be also used to valuate the company.

Yes, I remember when AMZN was losing $ per Q. I think they were profitable starting 2002ish. He was on a CNBC that day. This is why people should look at the book value on a balance sheet, and income statement. Basically look at all the Fundementals would fit "portion of the pie"

What was the P/E on RMBS during 1Q2000? Was it 1200ish?

[NitroxBoss]

I will be doing a special 850KOA call in show on this topic in one hour.

If you can't sleep listen in, yes Marlin this is directed at you!

LOL

http://www.850koa.com/main.html

Mark

[TSOTSI]

AS of the June 2011 reports:

Exxon/Mobil had $326.204Bn in Total Assets and $170.653Bn in liabilities

Apple had $106.758Bn in Total Assets and $37.415 in liabilities.

Shit, Exxon had $209.807Bn in property, plant and equipment.

"Liars figure, but figures don't lie".

I'll take a tank a gas any day over a phone with fruit on it.

[Graves]

Before we get a little to carried away here are a few reality checks.
1. GUIs (the foundation of Apple is a Xerox invention)
2. While his name appears on at least 10 patents for Apple, they are all collaborative with a team of people and are all to do with the aesthetics and shapes. No engineering or electronics.
3. There would be no Apple today were it not for Bill Gates and Larry Ellison.
4. He created more jobs in China than the USA
5. He was to Apple what Donald Trump is to the Trump Empire. A visionary, a salesman extraordinaire a leader, but no Edison, Bell, Marconi.
6. Not to mention an ardent supporter of the moron in the white house.
7. If you think his politics weren't important and influential, let me ask this?
What do you think are the electronics of choice in the sea of unwashed scum that are Occupy Wall Street?
8. Lastly. How much financial resources did he donate to politicians and causes to deprive our brothers and sisters in California of there 2nd Amendment Rights?

Lets not get all sloppy and start the canonization just yet folks.

[MrPrena]

Book value alone is not a good way to valuate the company either.

for an example:
What if OWNER1 have a $5mil building (and or invested in capital) Restaurant w/ 200employee, but my rev/profit is only 8m/1m
In contrast, OWNER2 have a $1m (and or invested in capital) building restaurant w/ 10employee, but their rev/profit is 13/5m?

There are over >30 fundementals for people to take a look at.

(not to mention to see technicals, economic indicators, sector indexes, option/short ratios, vel of $ relative to change in indexes, etc^1000 )



AAPL is not that over priced relative to other tech/electronic companies (P/E (ttm): 14.96), and XOM is P/E (ttm): 9.75.
To make it relative, AMZN's PE Ratio is P/E (ttm): 96.82 , CVX has P/E (ttm): 8.27 , and COP has P/E (ttm): 8.07 .


btw, although I am defending AAPL's price, I am not a fan of AAPL.

[clublights]

Wow .. I've never attacked anyone personally as I'm about to .. and frankly by the time I'm done.. I deserve a ban ..

TSO...

This is about the man dying. frankly if you don't get how much of a hand that Jobs had on EVERY apple product since his return in 1996 and how much that has changed the entire computer industry.. then your a fucking idiot.

Mr Prena...

Again this is about a man dying .. before his time ( frankly Jobs was fairly young.. 56 years old.) and again if you think he had zero to do with the way computers work today .. your a fucking idiot too..


did apple invent the mouse GUI?..No.. did apple bring it to the masses and market the fuck out of it ( with the permission of xerox) ? YES.

Did apple invent the smart phone? no.. did apple make it explode in the last 5 years? YES. has apple by many measures beat exxon for total value in the last few months? YES.

you hate apple hate apple I don;t give a rats ass.. this thread is about a man . a man with a family that has died much too young and frankly before hs time. has some fucking respect. you jack asses.

7. If you think his politics weren't important and influential, let me ask this?
What do you think are the electronics of choice in the sea of unwashed scum that are Occupy Wall Street?

I've got over a dozen apple products sitting within 20 feet of me right now .... so does that suddenly make me one of those occupy wall street people??? ... no .. so go fuck yerself.

you wanna make a thread bashing apple go right the fuck ahead. I made this thread about a man who died.


I'll take my ban now... email me at clublights@mac.com and let me know for how long.