Saturday, September 03, 2011

Apple & Steve Jobs : The Stock Will Lose its Way, But Peace Will Come for Him

A young Steve Jobs both in years, only 55, and in his vitality has succumbed to cancer's force. Maybe it was Jobs' somewhat grotesque pursuit of achievement that invited cancer to finish him off? Possibly Jobs felt deep inside that only death would release him from his relentless quests. Then peace would come.

What about Apple? Apple's market cap is app. $350 billion. That's second only to Exxon Mobil which is the worlds largest corporation and is a real company with REAL ASSETS. I don't think that Apple will now surpass Exxon and continue to grow exponentially. Apples traditional assets like real estate and natural resources are largely contained in a Cupertino, Ca. campus that would be smaller than one Exxon Mobil super tanker. Apple stock will most likely under perform until it comes in with one missed quarter of earnings expectation. Then the stock will open down 25% and follow other broken tech stocks to relative oblivion.

Tim Cook will replace Jobs in day to day management. But like most other Apple employees Cook is a dutiful spouse following Jobs machismo genius. Also Cook's mousey homosexuality is not up to the struggles that he will now face alone.

And the next winner in that smart phone space will be Google.

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