$428 today, started the week off at $420. They're definatly taking a page from Motorola, Nokia and Blackberry. Make a nice product that everyone loves and is gaga over dominate the cell phone market then make only minor changes until the competition passes you by. I hope they come up with something to recover my stocks aren't looking so hot lol
Like I've said... Apple is done.
- Thread starter Ed Thomas
- Start date
It doesn't - as of today Apple Cap = $ 404 Billion ; Google Cap = $ 274 Billion + Samsung Cap = $ 205 Billion Both Cap = $ 479 Billion
Oh-oh :Eek:
This just shows how flighty the markets can be even for huge cap companies:
Nortel's market capitalization fell from C$398 billion in September 2000 to less than C$5 billion in August 2002, as Nortel's stock price plunged from C$124 to C$0.47.
Maybe the mattress isn't such a bad place to put your money after all.
Nortel's market capitalization fell from C$398 billion in September 2000 to less than C$5 billion in August 2002, as Nortel's stock price plunged from C$124 to C$0.47.
Maybe the mattress isn't such a bad place to put your money after all.
Nortel was one of the worst managed companies that ever existed in its later years. Mergers, acquisitions and take-ovesr for no apparent erason. They had bought a lot of useless technology and that, in part, caused their downfall. So, what is similar with Apple, if you want to compare apples with apples (no pun intended)?
What is the parallel with Apple? They are trying to make too much margin off hardware.. Nexus 4 has set the bar, the value of a top smart phone is not more then $300 ...and falling.
Nortel had accounting fraud involved. Totally different stories. Apple has the strongest balance sheet out there. Bar none. If the complaint is a company is trying to make too much off their gross margins then your Tim Horton's cashier job suits you well.
Sorry don't mean to be nasty but that comment was beyond stupid.
I'll be nice now.
Goodguy
The example was not directed specifically to Apple but the theory permeating through this thread that bigger was some how better or an indication of stability or long term success - it isn't. Large corporations can create a lot of pain. If you jumped on Apple around Sept - you have just lost your shirt yet it is still a large company.
As far as Nortel being unique in mismanagement - no it is not ! FYI : I was a part of a company called Global Crossing that (at the time) was the second largest bankruptcy next to Enron. There was no prosecutions but the company was poorly run and in the end the management made millions while thousands of families had their retirement savings wiped out:
Global Crossing's rapid rise and fall attracted tremendous attention. Four of Global Crossing's CEOs received at least $23 million in personal loans from the company, some of which were forgiven entirely even when bankruptcy was becoming a greater possibility. The same CEOs also received lucrative stock options and $13.5 million in after-tax signing bonuses. Between 1998 and 2001, Winnick sold approximately $420 million in Global Crossing stock, and other executives sold an additional $900 million.
Winnick's spending was criticized. Many employees lost more than their jobs when the company filed bankruptcy.[further explanation needed] Even as the company's financial situation deteriorated, work continued on Winnick's Bel Air mansion, valued at $92 million.
Why they weren't prosecuted:
Winnick helped Democratic National Committee chairman Terry McAuliffe turn a $100,000 stock investment into $18,000,000. Winnick later donated $1 million to President Bill Clinton's presidential library.[citation needed] In 1998, former U.S. president George H. W. Bush gave a speech in Tokyo on behalf of Global Crossing, for which he was compensated with $50,000 of Global Crossing stock, which he sold in 1999 and 2000 for more than $4.5 million
So what is unique about Nortel ? Or for that matter - what is unique about Apple ? They are hording money but the investors (share holders) see little of it. There has been investor lawsuits just to get compensation because if they take the same dive that others do - once again investors will get screwed.
I think they could recover if they were able to get out of the introverted style of business.
The destruction of Apple continues with this new feature Samsung BEATS them to the punch with solidly. :eyebrows:
Ignore the fanboi folks. ^ If they were just fine Phil the Shill of Apple would've kept his mouth shut instead of talking defensive shit just before the new Galaxy launch. Obviously he is FEELING the heat. ^
Anyways the hole is going deeper and deeper...
Anyways the hole is going deeper and deeper...
