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Living Up to the iHype
From: David Farber <dave () farber net>
Date: Sat, 15 Jan 2005 21:22:42 -0500
------ Forwarded Message From: Monty Solomon <monty () roscom com> Date: Sat, 15 Jan 2005 16:35:40 -0500 To: Monty Solomon <monty () roscom com> Subject: Living Up to the iHype Living Up to the iHype Don't let the headlines fool you (little f). It's about more than the iPod. But the amazing increases in profitability at Apple have one Fool wondering if he's not the one putting on the leather jacket and grabbing for the waterski rope. By Seth Jayson (TMF Bent) January 13, 2005 iHype in the house This will come as no big shock to some of you. I've been pretty hard on Apple (Nasdaq: AAPL). As recently as yesterday, I suggested that the firm might not live up to its skyrocketing stock price. You can read the full argument here. Then you can ignore most of it. Apple smacked the ball out of the park with yesterday's earnings release, and let me be the first to say that I was way wrong about a few things. Here are the numbers: earnings of $0.70 per share for the holiday quarter. That's four times better than last year, nearly 50% better than most analysts had hoped, and nearly the equivalent of what the company earned for the entire fiscal year that ended last fall. Revenue of $3.5 billion was 74% better than in 2003. I fully expected iPod sales to be outrageous. Let's face it; like it or hate it, this is the most popular machine on Earth right now. My main worries with Apple over the past several months have been these: ... http://www.fool.com/news/commentary/2005/commentary05011301.htm ------ End of Forwarded Message ------------------------------------- You are subscribed as interesting-people () lists elistx com To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
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- Living Up to the iHype David Farber (Jan 15)