AAPL.O

I would not go as far as say that their 'cash on hand' can equate to the overall value of all that is the USA, its lands, assets, borrowing power, influence, etc.
That number seems specious to me anyway.

True. But the bargaining power of the corporation has greatly increased over the past few decades. Up to a point where they are basically dictating smaller countries. Let alone the individual worker...

Now I can complain about it, but it won't change another thing. So, I just vote differently.



Edited 1 time(s). Last edit at 08/03/2011 10:44AM by tliet.

Seems like the markets are recovering at the opening bell. Now I have to decide if I have faith that this thing is over. Better safe than sorry? Dunno.

Pulled out of roughly 55% of my aapl shares. Still think there's a chance this might recover soon.

My NASDAQ mutual fund is screwed for now, down for the year.

Baha, the only meaningful measure (and way to keep some remaining sanity, and "think about the children") is: if you sold it all now, would you end up with more than you put into it, even adjusted for inflation?

ddt

And maybe I should have pulled out the rest… seems like the bump up is now over.

Apple's decline partly because it was a source of liquidity… http://www.upsidetrader.com/2011/08/04/what-just-happened/

AAPL is the closest thing to a "recession proof" stock. I wouldn't want to be holding anything else but cash though.

Well, Apple is now officially the "evil empire":

http://www.smh.com.au/technology/biz-tech/apple-briefly-becomes-worlds-most-valuable-company-20110810-1ilbl.html

I find your lack of faith disturbing.

Jobs resigns as CEO of Apple, remains as chairman.

Tim Cook is now CEO.



Edited 1 time(s). Last edit at 08/24/2011 01:39PM by John Willoughby.

Link to press release.

Steve is actually Chairman of the Board now.



Edited 1 time(s). Last edit at 08/24/2011 01:43PM by John Willoughby.

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple''s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple''s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.
I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve

hmm… sounds like it's curtains on steve…  wonder if the market has factored this in?



Edited 1 time(s). Last edit at 08/24/2011 02:09PM by bahamut.

Down $20 after hours so far.

Should have opened an eTrade account. Can't fund one fast enough.

wow

maybe he'll hang out here, now. He's divorced, right? :)

damn, guess i shouldn't have gotten back in the market, right?

this could tank the stock pretty well.

He's not divorced, is he? I thought he was happily married...

I'm taking it as a good sign he's hanging around as Chairman.