Apple announced that they will be splitting their stock and the end of the month.
I knew something like this would happen. ::sigh::
D’oh!
by
Tags:
Comments
9 responses to “D’oh!”
-
Aw, heck, unless the stock shoots up afterward that doesn’t really mean anything, does it?
-
Though a split typically anticipates continued growth, no? So while it’s not a guarantee, I think it suggests the corporation is fairly confident that recent growth is unlikely to peak any time soon.
-
Well, or the company wants investors to think that.
http://en.wikipedia.org/wiki/Stock_split has wikipedia’s take on it. I’ve always thought it was just PR BS, with no real economic impact.
-
Well, sure, but why would Apple expect its growth to have peaked? I mean, this is just common sense. (Sorry, Nick.)
-
Pretty much. “Hey, we’re successful!” It’s not like the stock is going to go right back up to $80 immediately after the split… although that’d be just fiiiiine with me. ;)
-
Why is this a problem?
-
I was worried about the resolution of the ongoing legal battle with Apple Records over who has the rights to the brand “Apple”, particularly with regards to music.
Also, the potential for delays in the upcoming release of Tiger (Mac OS 10.4), which has been promised for “the first half of the year”, and the likelihood that customer demands for PowerBook G5s will not be met anytime soon because of the massive engineering issues associated with putting a chip that beefy in a laptop.
As much as it pains me to admit, Apple is very often first to market with amazing stuff but then fails to exercise the leverage that their share gives them. The iPod can’t be king forever…
-
Is that why you sold? Hmm…
-
That, and I wanted to lock-in a high price with some lead time before graduation, since the purpose of the investment originally was as start-up capital for life.
Nurd Up!