The "smart money" thought the same thing when the stock was at $50. Now its north of $500. The smart money aint too smart.
Says you. I bet you ain't rich. I suggest you go start playing the stock market tomorrow, using your life's savings. In a few weeks you won't have a pot to piss in, if that isn't already the case of course. You will be dirt poor and miserable but at least you might not be as much of an ass.
A superficial claim devoid of analysis. A company that consistently turns in 20% annual growth would normally be rewarded with a far higher earnings multiple than Apple's current 14. This is a clear signal: the smart money does not expect Apple's earnings to continue to grow at anything like that. In fact, even 5% annual growth would be worth a multiple of 25 to 30 if there was any confidence it would continue. A multiple of 14 in fact reflects a significant perception that Apple's earnings will shrink. I'm with that camp, and that's not just wishful thinking, it's because Android and at-cost products from Google and Amazon mean the high margin party is over. This is plain enough to see.
BTW, that's all just elementary risk/reward analysis. It's not hard. Everybody who consistently makes money trading stocks understands it well.
...that Tim Cook has firmly taken the reins and is going to start running Apple the way he sees fit, with his team - not the team that was there when he took over.
What does such a major shakeup say about Tim Cook's leadership?
He is going to lead and hold people accountable?
Err, are you suggesting that Tim Cook was not involved in Apple's recent string of blunders? Perhaps that he didn't know what was going on? Or that he did, but did not understand the consequences? Good luck with that.
A boss who isn't noticed and can't hand pick his entorage is a figure head, not a leader.
I'll call that pure spin. It is readily apparent that Apple has made a string of costly bluners lately, shareholders aren't happy and victims had to be found to pay the price. But since they didn't sack those actually responsible (Tim Cook, we're looking at you) I am confident that the blunders will continue.
Down 15% in 6 weeks. Apple definitely qualifies as a sinking stock. As to whether the ship itself will sink... one can only hope. Realistically I expect that we will be stuck with Apple and its bad acting for quite some time to come. However a humbled, smaller Apple will definitely be easier to tolerate that the current arrogant, destructive corporate bully.
Continuing the ship analogy, Apple board would be wise to make Tim Cook walk the plank without delay. But it is a safe bet they will continue to act their typical, domesticated and irresponsible selves and just keep banking that free money for showing up at the annual meetings with their mouths zipped shut. Which is great for the rest of us, because that's the absolute worst thing that could happen to Apple.
While I'm in here, some advice to Tim Cook: lose the black turtleneck. Steve Jobs could pull it off, you can't.
What an idio... err sorry... what a fantastic way to justify a blatantly incorrect decision that has cost Apple dearly in terms of being forced to ship higher resolution hardware than is comfortable for their ongoing margins. This stupidity ranks right up there with Apple's suicidal dependence on "pixel perfect" fixed screen resolution. Not that I object in any way to Apple being suicidal mind you, on the contrary, I applaud it.
Based on technical merits there is nothing wrong with Linux, and John not only knows it but has proved it by releasing multiple titles on Linux. You're barking up the wrong tree. The whole issue has nothing to do with technical anything. It's about weird politics.
On the developers, developers, developers front: Android will be a big boost for Linux. If you want to develop an Android app, you do it on Linux. There are thousands of new developer groups getting into that game now, and I'll wager that for many of them, this is their first Linux experience. Or in other words, switchers.
And you need to recompile the kernel for each game you install!!!!!!!
Oh how true, and Android is even worse, you need to recompile you kernel every time you turn on your phone! Which of course explains why Samsung didn't sell billions of dollars worth of consumer Linux devices last quarter.
So why am I getting cognitive dissonance about the tune that John Carmack sings these days? Judging from the repeated success of Humble Bundle on Linux and Valve's credible statements, it would seem that, to put it bluntly, than John is wrong. So what's up? Intentionally wrong or inadvertently wrong? If inadvertently wrong, maybe the effect John detects is, not much interest from Linux gamers in yet another marginally playable Quake sequel. If intentionally wrong then what's up? Is John a closet Apple fan?
No, it's really Linux. Just get a root shell and look around. Or alternatively, get any book on operating system design and you will see that 99% of it is about the kernel.
Linux provided an alternative however it is so fragmented with multiple distributions that developing applications that work across all distributions can be difficult and present a major drawback.
Linux wearing its Android skin now rules the world.
In an alternate universe, SGI rose to dominance instead of Microsoft and we're now ten years further advanced in software technology that the sad universe where Microsoft got a chokehold on the industry. SGI is now evil, and just as in the sad Microsoft universe, Linux fights the good fight, owns the routers and cell phones, and a few lonely desktops. And nobody ever had to hurt their eyes by seeing a backslash in a filename.
I guess you missed the point. If your three year old loses the phone, how will you find the kid? Never mind the phone. You can replace a phone, not a kid.
You want an effective tracking device for a kid? It better be something they can't drop, and can't be easily snatched. A phone simply won't do.
By the way, it's very easy to recognize the posters in this article who don't have kids. There's nothing quite like the feeling of dread you get when you lose sight of a little kid. I would have jumped at the chance to get an effective tracking bracelet or necklace if such things had been available when my kid was a toddler. As it happens, nothing serious ever did go wrong and now it's about time to get that phone.
I didn't know bisecting was required for entrance into the cool club, but I guess I've been there awhile.
The you know it's really more of a victims club because if you're doing this the code base is probably pretty nasty. But it also likely means you know what you're doing. Good interview question: have you ever found a bug by bisecting? How does that work? What bug was it? How did you fix it? (The last two questions are needed to identify those who claim do have done something that they have in fact only read about. And you will run into these guys.)
Ah I see, we have ambiguity about what "find a bug" means. From the user's perspective, "finding a bug" means producing the buggy behavior. But from the developer's perspective, "finding a bug" means finding the erroneous code. And we are talking about developers here. From my perspective, until the bug was "found" by bisecting it was only "known to exist", not found. See?
By the way, I've actually bisected bugs, have you? No? OK.
Slashdot Mirror
The "smart money" thought the same thing when the stock was at $50. Now its north of $500. The smart money aint too smart.
Says you. I bet you ain't rich. I suggest you go start playing the stock market tomorrow, using your life's savings. In a few weeks you won't have a pot to piss in, if that isn't already the case of course. You will be dirt poor and miserable but at least you might not be as much of an ass.
Down 15% for good reason, it was overvalued.
A superficial claim devoid of analysis. A company that consistently turns in 20% annual growth would normally be rewarded with a far higher earnings multiple than Apple's current 14. This is a clear signal: the smart money does not expect Apple's earnings to continue to grow at anything like that. In fact, even 5% annual growth would be worth a multiple of 25 to 30 if there was any confidence it would continue. A multiple of 14 in fact reflects a significant perception that Apple's earnings will shrink. I'm with that camp, and that's not just wishful thinking, it's because Android and at-cost products from Google and Amazon mean the high margin party is over. This is plain enough to see.
BTW, that's all just elementary risk/reward analysis. It's not hard. Everybody who consistently makes money trading stocks understands it well.
good idea, Apple, announcing a top floor slaughter while Wall St. is closed and a natural disaster is playing out
Oh yeah, thanks for that. Indeed it could easily have been mere coincidence, but either way it does seem apropo to the new, out-of-the-closet Apple.
the "war on color"...
Insightful post. The ultimate expression of bad taste was changing the Apple logo from white to black, the color of evil.
...that Tim Cook has firmly taken the reins and is going to start running Apple the way he sees fit, with his team - not the team that was there when he took over.
Feelgood spin for iFans. Mod to 6.
What does such a major shakeup say about Tim Cook's leadership?
He is going to lead and hold people accountable?
Err, are you suggesting that Tim Cook was not involved in Apple's recent string of blunders? Perhaps that he didn't know what was going on? Or that he did, but did not understand the consequences? Good luck with that.
[Apple] Oh, and we trust you'll shut down that silly little Android thing you've been doing.
[Google] Sure no problem, just sign here to buy your ads from Google from now until eternity.
A boss who isn't noticed and can't hand pick his entorage is a figure head, not a leader.
I'll call that pure spin. It is readily apparent that Apple has made a string of costly bluners lately, shareholders aren't happy and victims had to be found to pay the price. But since they didn't sack those actually responsible (Tim Cook, we're looking at you) I am confident that the blunders will continue.
Down 15% in 6 weeks. Apple definitely qualifies as a sinking stock. As to whether the ship itself will sink... one can only hope. Realistically I expect that we will be stuck with Apple and its bad acting for quite some time to come. However a humbled, smaller Apple will definitely be easier to tolerate that the current arrogant, destructive corporate bully.
Continuing the ship analogy, Apple board would be wise to make Tim Cook walk the plank without delay. But it is a safe bet they will continue to act their typical, domesticated and irresponsible selves and just keep banking that free money for showing up at the annual meetings with their mouths zipped shut. Which is great for the rest of us, because that's the absolute worst thing that could happen to Apple.
While I'm in here, some advice to Tim Cook: lose the black turtleneck. Steve Jobs could pull it off, you can't.
retina is a marketing term for high resolution.
I understand that Apple uses the marketing term "Cataract Display[tm]" for their low resolution displays.
This makes sense. But I am a littled confused about why Apple introduced the new iPad mini with a Cataract Display[tm].
I also understand that Apple spinmods have no sense of humour.
It's not that they don't know how to do it; it's that they choose not to.
Jeff Atwood gives a good commentary on why they choose not to here: http://www.codinghorror.com/blog/2007/06/font-rendering-respecting-the-pixel-grid.html
What an idio... err sorry... what a fantastic way to justify a blatantly incorrect decision that has cost Apple dearly in terms of being forced to ship higher resolution hardware than is comfortable for their ongoing margins. This stupidity ranks right up there with Apple's suicidal dependence on "pixel perfect" fixed screen resolution. Not that I object in any way to Apple being suicidal mind you, on the contrary, I applaud it.
retina is a marketing term for high resolution.
I understand that Apple uses the marketing term "Cataract Display[tm]" for their low resolution displays.
This makes sense. But I am a littled confused about why Apple introduced the new iPad mini with a Cataract Display[tm].
Steve Ballmer may be fat, ugly and stupid... but he has a sense of humour.
Based on technical merits there is nothing wrong with Linux, and John not only knows it but has proved it by releasing multiple titles on Linux. You're barking up the wrong tree. The whole issue has nothing to do with technical anything. It's about weird politics.
Nice troll.
On the developers, developers, developers front: Android will be a big boost for Linux. If you want to develop an Android app, you do it on Linux. There are thousands of new developer groups getting into that game now, and I'll wager that for many of them, this is their first Linux experience. Or in other words, switchers.
And you need to recompile the kernel for each game you install!!!!!!!
Oh how true, and Android is even worse, you need to recompile you kernel every time you turn on your phone! Which of course explains why Samsung didn't sell billions of dollars worth of consumer Linux devices last quarter.
So why am I getting cognitive dissonance about the tune that John Carmack sings these days? Judging from the repeated success of Humble Bundle on Linux and Valve's credible statements, it would seem that, to put it bluntly, than John is wrong. So what's up? Intentionally wrong or inadvertently wrong? If inadvertently wrong, maybe the effect John detects is, not much interest from Linux gamers in yet another marginally playable Quake sequel. If intentionally wrong then what's up? Is John a closet Apple fan?
Android is based on the Linux kernel.
No, it's really Linux. Just get a root shell and look around. Or alternatively, get any book on operating system design and you will see that 99% of it is about the kernel.
Linux provided an alternative however it is so fragmented with multiple distributions that developing applications that work across all distributions can be difficult and present a major drawback.
Linux wearing its Android skin now rules the world.
The post is actually about the transience of glory.
In an alternate universe, SGI rose to dominance instead of Microsoft and we're now ten years further advanced in software technology that the sad universe where Microsoft got a chokehold on the industry. SGI is now evil, and just as in the sad Microsoft universe, Linux fights the good fight, owns the routers and cell phones, and a few lonely desktops. And nobody ever had to hurt their eyes by seeing a backslash in a filename.
I guess you missed the point. If your three year old loses the phone, how will you find the kid? Never mind the phone. You can replace a phone, not a kid.
You want an effective tracking device for a kid? It better be something they can't drop, and can't be easily snatched. A phone simply won't do.
By the way, it's very easy to recognize the posters in this article who don't have kids. There's nothing quite like the feeling of dread you get when you lose sight of a little kid. I would have jumped at the chance to get an effective tracking bracelet or necklace if such things had been available when my kid was a toddler. As it happens, nothing serious ever did go wrong and now it's about time to get that phone.
Whoa somebody's got their undies in a bunch.
True, I'm too easily trolled by armchair experts.
I didn't know bisecting was required for entrance into the cool club, but I guess I've been there awhile.
The you know it's really more of a victims club because if you're doing this the code base is probably pretty nasty. But it also likely means you know what you're doing. Good interview question: have you ever found a bug by bisecting? How does that work? What bug was it? How did you fix it? (The last two questions are needed to identify those who claim do have done something that they have in fact only read about. And you will run into these guys.)
Ah I see, we have ambiguity about what "find a bug" means. From the user's perspective, "finding a bug" means producing the buggy behavior. But from the developer's perspective, "finding a bug" means finding the erroneous code. And we are talking about developers here. From my perspective, until the bug was "found" by bisecting it was only "known to exist", not found. See?
By the way, I've actually bisected bugs, have you? No? OK.