You logic flaw is thus: If the Chinese can do it profitably, it can be done. Your complaints notwithstanding, if they can do it, we can do it. The problem is that short term thinking and willingness to offshore risk for profits, is one of the biggest reasons we are in a world of hurt regarding manufacturing capacity regard real world issues of national security.
That was during a time when state universities were actually funded by the state. The majority of our funding is now tuition, donations, and endowment earnings. I put myself through the university that I'm now employed while working 20 hours during the school year and full time over the summer back in the late eighties. That paid for tuition, books, food, and gas. I had no debt at graduation. There is no way I could do that now. Hell, even the discounted tuition I get for my kid is killing me.
You still do not understand. READ THE ARTICLE. All of the big 6 PASSED on printing rights to the collection of old stories that she published on Amazon. She has Penguin's rejection letter. One of the two collections was published PRIOR even to signing the contract for the advance on a NEW book. You definition of "compete" would prevent every author from publishing any new book as long as there were any other books in current print. That is insane. What kind of idiot author would ever sign on to that kind of indentured servitude for $20,000 over two years?
That premise relies on two things: [...] (2)Apple cares that they sell more smartphones than anyone else. I don't think Apple has really ever cared about having the most sales.
You can bet your last dollar that Apple cares about selling more smartphones than anyone else. Because it's not about the hardware sales, but the aftermarket iTunes, iTunes rental, andiTunes app market that they care about. The last thing they want is for the bulk of the market to operate outside their walled garden. Since phones are usually replaced every two years, the shift in the market can be huge over a very short period of time. Just ask Research in Motion. Apple is committed to maintaining major market share of after sale revenues.
They just don't want Samsung guiding customers to Amazon and Google for their music, video, and Angry Birds fix.
Globalization has forced the American worker into direct competition with foreign workers who can survive on a few dollars a day. Rampant love of "free trade" which really isn't, has pit American workers against each other in the race to the bottom. If my real wages are flat, why should those fat cat, unionized teachers get raises? Since I pay an outrageous amount for health insurance, why shouldn't everybody? There is no coherence as a society anymore. It's every man for himself and nobody wants anyone else to succeed any better than himself.
The Chinese, buy Chinese to support their home industries. We buy Chinese, because it's cheap. As a result, we gut our industries, lower our wages, put people out of work and stand around bickering over teachers trying to protect what they still can. We're finding out that a consumer society is only "great" when the populace have jobs and income. Shortsightedness will eventually drive us into the toilet. We need philosophical change. All these union haters think it's every man for himself, but it's really us against them. And they're winning.
1) Corporate valuation for a firm that does not distribute dividends is based upon growth models of future cash flows.
2) Past performance in not a reliable indicator of future earnings.
And yes it is overvalued. And it will correct. The only question is when and I do not have that answer. As for my investing choices, how do you know that I haven't shorted them? Looking at market cap, I'd rather short them today than buy them.
It's not if if if, it's when when when. Apple cannot maintain 24% year-to-year growth indefinitely. Spend a few minutes and google "mature industry." Right now, Apple is fighting tooth and nail to shut out competitors so they can push it off as long as possible. But it will come.
And the Apple brand is a fashion stock. It generates higher than normal profit margins for its industry and that is a factor of marketing. If fashion changes and consumers decide something else is the "cool toy" to have, the end will come sooner rather than later. You Apple Fanboys seem to think that Apple can do no wrong. You might want to check back into the Sculley years and recognize that Jobs is now out of the picture again. Unfortunately, it appears he won't be coming back this time.
The problem is that Apple is what I would consider a fashion stock. Like it or not the smartphone and tablet market is heading toward the same kind of commoditization that the computer market did. Whether or not Apple can maintain their market shares and profit margins is key to their market cap. If they fall out of fashion with the great unwashed masses, or people start to buy on price when the market gets saturated, Apple will plummet like a rock.
Yahoo finance shows as of Jun 25, 2011 Apple has total assets of $106.7B. Total liabilities are $37.4B, which shows a net equity value of $69B. Since Apple pays no dividends, corporate valuation of $382B, seems to be based on a pretty aggressive growth forecast (11 - 24% per year over the next five years? Five years is an eternity in the tech world.), considering the patent war and the entrance of all those Android smartphones. Let's hope Jobs or Cook had some kind of ace up their sleeve, because most of my friends seem to have moved over to Android and when their iPhone contracts expired.
That's what happens when a company charges monopoly rents. It encourages other companies to enter the market and price sanity is restored. Apple is addicted to those monopoly rents and is fighting tooth and nail to keep the competition out. The have the first mover advantage, but their free ride is almost over. Unless they are able to move the goalposts, they had better get used to other companies taking a share.
That's why you always boot from a good security minded TOR LiveCD with all javascript disabled. Use one that randomizes your MAC address. And never use it for your REAL activities where you identify yourself. For bonus points, use it from a public WiFi hotspot.
Here in southwestern Ohio, I was without power for 8 days. In fact, I knew people out in the sticks who had no power for over two weeks. Aside from losing all the food in the refrigerator, I survived just fine too.
It all depends upon your usage patterns. If you do not desire text and have low usage, there is no "plan" that suits your needs. A simple, double minutesTracfone can be purchased for $10, and 1000 minutes can be purchased for $100. If you want to spend $150, you can get 3000 minutes. You have a year to use them. Good luck finding any "plan" that offers minimal service for less than $10 per month. Back in the early days of cell phones, they used to have minimum minute plans, but carriers want that big monthly payment these days.
I know two people right now that go that route and are tickled to not have to pay the $40 per month for the minimum bare bones plan the big carriers offer.
I have noticed a major increase in the past month or so of posts being moderated troll or flamebait for no valid reason. I have received no mod points now for months, so it isn't me. Disagreement with a post should not cause a troll moderation.
That is something which I would like to encourage others to do, to simply let folks know when you are being wronged. Sometimes it is futile and falls on deaf ears, but not always.
Back in the days before long distance was so cheap, I used to buy it from Ameritech in 15 minute increments, with a two hour minimum. When I did not exceed my two hour allotment for many months, I decided to see if it would be cheaper to pay by the minute instead. I called customer service and asked how many total minutes of long distance I used on my current bill. They told me they had no way of discovering that information. I immediately reminded them that if I went over my two hours by 1 second, I am billed for an additional 15 minutes, so in fact they had to have the information. Maybe she couldn't get it, but someone there could. After a half hour argument she claimed that no employee within the company had the ability to retrieve that information for me.
I immediately contacted MCI and switched my long distance provider. When Ameritech called asking me why I had switched, I made sure they knew it was because they had lied to me regarding billing. I wish it had occurred to me to contact the Public Utilities Commission.
No. It's more like this analogy. You mow your neighbors lawn for free. They take you to court and demand you leave their valuable IP (important plants) alone. You immediately comply. Then they complain, well, we still want you to weed the garden for free. It's not fair! You weed everybody else's garden on the street for free.
There is no exchange of money as you suggested. It is a free service provided.
Slashdot Mirror
You logic flaw is thus: If the Chinese can do it profitably, it can be done. Your complaints notwithstanding, if they can do it, we can do it. The problem is that short term thinking and willingness to offshore risk for profits, is one of the biggest reasons we are in a world of hurt regarding manufacturing capacity regard real world issues of national security.
That was during a time when state universities were actually funded by the state. The majority of our funding is now tuition, donations, and endowment earnings. I put myself through the university that I'm now employed while working 20 hours during the school year and full time over the summer back in the late eighties. That paid for tuition, books, food, and gas. I had no debt at graduation. There is no way I could do that now. Hell, even the discounted tuition I get for my kid is killing me.
Change is inevitable. Except from a vending machine.
You still do not understand. READ THE ARTICLE. All of the big 6 PASSED on printing rights to the collection of old stories that she published on Amazon. She has Penguin's rejection letter. One of the two collections was published PRIOR even to signing the contract for the advance on a NEW book. You definition of "compete" would prevent every author from publishing any new book as long as there were any other books in current print. That is insane. What kind of idiot author would ever sign on to that kind of indentured servitude for $20,000 over two years?
You can bet your last dollar that Apple cares about selling more smartphones than anyone else. Because it's not about the hardware sales, but the aftermarket iTunes, iTunes rental, andiTunes app market that they care about. The last thing they want is for the bulk of the market to operate outside their walled garden. Since phones are usually replaced every two years, the shift in the market can be huge over a very short period of time. Just ask Research in Motion. Apple is committed to maintaining major market share of after sale revenues.
They just don't want Samsung guiding customers to Amazon and Google for their music, video, and Angry Birds fix.
As a forty-something, allow me to say, you exhibit a profound lack of understanding of economics. And you appear to be unstable as well.
Globalization has forced the American worker into direct competition with foreign workers who can survive on a few dollars a day. Rampant love of "free trade" which really isn't, has pit American workers against each other in the race to the bottom. If my real wages are flat, why should those fat cat, unionized teachers get raises? Since I pay an outrageous amount for health insurance, why shouldn't everybody? There is no coherence as a society anymore. It's every man for himself and nobody wants anyone else to succeed any better than himself.
The Chinese, buy Chinese to support their home industries. We buy Chinese, because it's cheap. As a result, we gut our industries, lower our wages, put people out of work and stand around bickering over teachers trying to protect what they still can. We're finding out that a consumer society is only "great" when the populace have jobs and income. Shortsightedness will eventually drive us into the toilet. We need philosophical change. All these union haters think it's every man for himself, but it's really us against them. And they're winning.
Toy story 3 did suck.
You mean like Al Franken?
And yes it is overvalued. And it will correct. The only question is when and I do not have that answer. As for my investing choices, how do you know that I haven't shorted them? Looking at market cap, I'd rather short them today than buy them.
It's not if if if, it's when when when. Apple cannot maintain 24% year-to-year growth indefinitely. Spend a few minutes and google "mature industry." Right now, Apple is fighting tooth and nail to shut out competitors so they can push it off as long as possible. But it will come.
And the Apple brand is a fashion stock. It generates higher than normal profit margins for its industry and that is a factor of marketing. If fashion changes and consumers decide something else is the "cool toy" to have, the end will come sooner rather than later. You Apple Fanboys seem to think that Apple can do no wrong. You might want to check back into the Sculley years and recognize that Jobs is now out of the picture again. Unfortunately, it appears he won't be coming back this time.
The problem is that Apple is what I would consider a fashion stock. Like it or not the smartphone and tablet market is heading toward the same kind of commoditization that the computer market did. Whether or not Apple can maintain their market shares and profit margins is key to their market cap. If they fall out of fashion with the great unwashed masses, or people start to buy on price when the market gets saturated, Apple will plummet like a rock.
Yahoo finance shows as of Jun 25, 2011 Apple has total assets of $106.7B. Total liabilities are $37.4B, which shows a net equity value of $69B. Since Apple pays no dividends, corporate valuation of $382B, seems to be based on a pretty aggressive growth forecast (11 - 24% per year over the next five years? Five years is an eternity in the tech world.), considering the patent war and the entrance of all those Android smartphones. Let's hope Jobs or Cook had some kind of ace up their sleeve, because most of my friends seem to have moved over to Android and when their iPhone contracts expired.
That's what happens when a company charges monopoly rents. It encourages other companies to enter the market and price sanity is restored. Apple is addicted to those monopoly rents and is fighting tooth and nail to keep the competition out. The have the first mover advantage, but their free ride is almost over. Unless they are able to move the goalposts, they had better get used to other companies taking a share.
I'm trademarking Postflix
This is perhaps the most insightful thing I have read in the battle of copyrights. Even the lowest copyright sycophant can see the obviousness.
That's why you always boot from a good security minded TOR LiveCD with all javascript disabled. Use one that randomizes your MAC address. And never use it for your REAL activities where you identify yourself. For bonus points, use it from a public WiFi hotspot.
Wrong, Mr. Fanboy. people like their own patents. I'd be willing to bet that Apple et al aren't loving those HTC/Google patents right about now.
They used to call that "profit sharing" back in the day. That was before the "options" games.
Here in southwestern Ohio, I was without power for 8 days. In fact, I knew people out in the sticks who had no power for over two weeks. Aside from losing all the food in the refrigerator, I survived just fine too.
It all depends upon your usage patterns. If you do not desire text and have low usage, there is no "plan" that suits your needs. A simple, double minutesTracfone can be purchased for $10, and 1000 minutes can be purchased for $100. If you want to spend $150, you can get 3000 minutes. You have a year to use them. Good luck finding any "plan" that offers minimal service for less than $10 per month. Back in the early days of cell phones, they used to have minimum minute plans, but carriers want that big monthly payment these days.
I know two people right now that go that route and are tickled to not have to pay the $40 per month for the minimum bare bones plan the big carriers offer.
I have noticed a major increase in the past month or so of posts being moderated troll or flamebait for no valid reason. I have received no mod points now for months, so it isn't me. Disagreement with a post should not cause a troll moderation.
Take it with a grain of salt.
After all, wasn't S&P part of the guilty cabal granting AAA ratings to subprime mortgage backed securities?
Back in the days before long distance was so cheap, I used to buy it from Ameritech in 15 minute increments, with a two hour minimum. When I did not exceed my two hour allotment for many months, I decided to see if it would be cheaper to pay by the minute instead. I called customer service and asked how many total minutes of long distance I used on my current bill. They told me they had no way of discovering that information. I immediately reminded them that if I went over my two hours by 1 second, I am billed for an additional 15 minutes, so in fact they had to have the information. Maybe she couldn't get it, but someone there could. After a half hour argument she claimed that no employee within the company had the ability to retrieve that information for me.
I immediately contacted MCI and switched my long distance provider. When Ameritech called asking me why I had switched, I made sure they knew it was because they had lied to me regarding billing. I wish it had occurred to me to contact the Public Utilities Commission.
No. It's more like this analogy. You mow your neighbors lawn for free. They take you to court and demand you leave their valuable IP (important plants) alone. You immediately comply. Then they complain, well, we still want you to weed the garden for free. It's not fair! You weed everybody else's garden on the street for free.
There is no exchange of money as you suggested. It is a free service provided.