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Apple was just testing how much Steve's departure was really worth. They thought it was a "safe" time to test given the craziness of the market. So he's worth 10% of the stock value, they now know.
Steve Jobs heart attack post highlights citizen journalism perils
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#16
NaOH 
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Posted 03 October 2008 - 04:38 PM
Although it's hardly the most appropriate angle to take...
What if...
Is Steve trying to give Apple as much momentum as possible while he still can?
The one thing that always appealed to me about Apple's products, was how they make technology accessible to me.
Not to the everyman in the street. Not to Joe Q Public.
To Me.
It may sound terribly selfish, but Apple has always felt like the one company that could make me feel comfortable with any technology.
OpenDoc? Sure! I loved the CyberDog browser. I wish it were still around!
Even without Steve Jobs, Apple had the power to inspire.
Of course, having the right people around will make a huge difference.
At the moment Apple has plenty of momentum.
The trick will be in making sure that continues.
The only way that will happen is if the people who take over are able to ignore what the fanboys say, and make something more amazing than even they can imagine.
Apple has always been a company that relies on the intangible factor.
If they make you feel good, then the magic is still there.
What if...
Is Steve trying to give Apple as much momentum as possible while he still can?
The one thing that always appealed to me about Apple's products, was how they make technology accessible to me.
Not to the everyman in the street. Not to Joe Q Public.
To Me.
It may sound terribly selfish, but Apple has always felt like the one company that could make me feel comfortable with any technology.
OpenDoc? Sure! I loved the CyberDog browser. I wish it were still around!
Even without Steve Jobs, Apple had the power to inspire.
Of course, having the right people around will make a huge difference.
At the moment Apple has plenty of momentum.
The trick will be in making sure that continues.
The only way that will happen is if the people who take over are able to ignore what the fanboys say, and make something more amazing than even they can imagine.
Apple has always been a company that relies on the intangible factor.
If they make you feel good, then the magic is still there.
#17
Martian
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Posted 04 October 2008 - 01:39 AM
The issue is not that there are rumors from time to time — that’s normal. What is not normal and what is the real issue is that Jobs has done nothing to reduce public perception that Apple is nothing without him.
Jobs can't life or work forever, so a true steward of this large public company would share the public stage at all Apple media events with plausible successor(s).
Does anyone doubt that Job’s irresponsible, selfish ego loves Apple’s unnatural dependence on his personal image? He loves this.
Jobs can't life or work forever, so a true steward of this large public company would share the public stage at all Apple media events with plausible successor(s).
Does anyone doubt that Job’s irresponsible, selfish ego loves Apple’s unnatural dependence on his personal image? He loves this.
#18
m74k3H
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Posted 04 October 2008 - 05:18 AM
I see two things out of this.
First, Steve Jobs really needs to set up a succession plan. As an Apple investor and Mac user, I'm concerned that if something did happen the company would be in havoc for a while. I think an announced succession plan would alleviate some of this.
Second, you can talk about citizen journalists, but I think the real fault lies with idiots who drop their stock at the first announcement of something like this without verifying the information first. It amuses me with recent stock market troubles that people still think the stock market reflects the economy. The value of a stock is based entirely on people's perceived value of it, which can be driven entirely by emotion. The economy could be the best it ever has been in US history, and if I can convince enough people I could crash the market.
Stock investors need to start thinking with their heads.
First, Steve Jobs really needs to set up a succession plan. As an Apple investor and Mac user, I'm concerned that if something did happen the company would be in havoc for a while. I think an announced succession plan would alleviate some of this.
Second, you can talk about citizen journalists, but I think the real fault lies with idiots who drop their stock at the first announcement of something like this without verifying the information first. It amuses me with recent stock market troubles that people still think the stock market reflects the economy. The value of a stock is based entirely on people's perceived value of it, which can be driven entirely by emotion. The economy could be the best it ever has been in US history, and if I can convince enough people I could crash the market.
Stock investors need to start thinking with their heads.
#21
davekriss93
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Posted 04 October 2008 - 07:27 AM
As it's been said, one's strengths are often one's achilles heel. So it is with Apple and Steve Jobs.
#22
jmincey
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Posted 04 October 2008 - 07:36 AM
I agree that Apple should develop a succession plan, though I don't see this as a function of Jobs as much as of Apple's board. Jobs would have input into that process of course, but should not dictate it or be its sole author.
Where I differ with you is in your contention that Apple should make this public. I can think of nothing which would more fuel the very rumors we seek to quash than for Apple itself (or Jobs) to announce a succession plan to the world. Instantly the pundits would begin their speculation that Jobs is indeed in dire health and the stock would take a hit.
Jeff Mincey
Where I differ with you is in your contention that Apple should make this public. I can think of nothing which would more fuel the very rumors we seek to quash than for Apple itself (or Jobs) to announce a succession plan to the world. Instantly the pundits would begin their speculation that Jobs is indeed in dire health and the stock would take a hit.
Jeff Mincey
#23
Martian
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Posted 04 October 2008 - 07:08 PM
jmincey said:
Where I differ with you is in your contention that Apple should make this public. I can think of nothing which would more fuel the very rumors we seek to quash than for Apple itself (or Jobs) to announce a succession plan to the world. Instantly the pundits would begin their speculation that Jobs is indeed in dire health and the stock would take a hit.
Jeff Mincey
Jeff Mincey
Excellent point.
However, Steve could share the media stage with possible successors. This would help to subtly wean the public from its simplistic notion that Apple can’t be innovative without Jobs.
#24 Guest__*
Posted 05 October 2008 - 06:41 AM
"First, Steve Jobs really needs to set up a succession plan. As an Apple investor and Mac user, I'm concerned that if something did happen the company would be in havoc for a while. I think an announced succession plan would alleviate some of this."
What makes you think that Apple, Inc. does not have a succession plan for such a key person as Steve Jobs. The Board of Apple, Inc. would not be doing their fiduciary duties if they did not already have the plan. Additionally the Board should review and update the plan periodically.
What makes you think that Apple, Inc. does not have a succession plan for such a key person as Steve Jobs. The Board of Apple, Inc. would not be doing their fiduciary duties if they did not already have the plan. Additionally the Board should review and update the plan periodically.
#25 Guest__*
Posted 05 October 2008 - 06:50 AM
"It shows just how reckless stock-based investments can be because you can ultimately lose big due to capricious activities. Stock prices should be based solely on proper inference from statistical analysis based on solid numbers and hard math, not supposition, rumor and whatever way the wind blows."
Yet that emotion in the market can be wielded like the edge of a sword to one's advantage. Sometimes stocks are neglected or sold-off or a million other scenarios occur where one find stocks to buy with Benjamin Graham's "Margin of Safety". It takes the opposite of emotion to be a "Value Investor". It takes discipline and analysis.
Yet that emotion in the market can be wielded like the edge of a sword to one's advantage. Sometimes stocks are neglected or sold-off or a million other scenarios occur where one find stocks to buy with Benjamin Graham's "Margin of Safety". It takes the opposite of emotion to be a "Value Investor". It takes discipline and analysis.
#26 Guest__*
Posted 05 October 2008 - 06:57 AM
"The other half of this equation is the stupid fools who buy and sell stocks, whose complete loss of reason has caused so much of this mess."
And therein lies advantage. When chaos and complete loss of reason occurs great transference of wealth occurs to the prepared or those lucky enough to have the good ole' US Government step in, which is exactly what we are witnessing now.
"Not to mention everyone at Wall Street and all the millions of people who expect big profits with little risk."
Good luck to them. If they can find big profit with little risk I would like to learn some of their magic mojo. In my experience one has to work hard to develop good risk mitigation strategies and yet residual risk of small or greater magnitude remains assumed.
And therein lies advantage. When chaos and complete loss of reason occurs great transference of wealth occurs to the prepared or those lucky enough to have the good ole' US Government step in, which is exactly what we are witnessing now.
"Not to mention everyone at Wall Street and all the millions of people who expect big profits with little risk."
Good luck to them. If they can find big profit with little risk I would like to learn some of their magic mojo. In my experience one has to work hard to develop good risk mitigation strategies and yet residual risk of small or greater magnitude remains assumed.
#27
sandbag1
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Posted 05 October 2008 - 07:43 AM
I just wonder if the same folks that are so upset about this "citizen journalist" were as upset when the "Pro. Journalist" Dan Rather made up a story on CBS shortly before the 2004 election?
#28
TeaEarleGreyHot
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Posted 05 October 2008 - 10:52 AM
You look at this, and you look at the United Airlines fiasco a few weeks ago, and you realize that people really do believe whatever they read on the internet, be it from the NY Times, CNN, Wikipedia, or some silly "web log". Folks are so naive, it's no surprise that the online scams (Nigerian Oil, etc) flourish.
Really, this is an opportunity for struggling newspapers and responsible information sources to highlight the quality of their quality content--knowing that by calling themselves "news" they WILL be held accountable for damages based on what they report. As opposed to gossip sites like "web logs" and wikipedia, which should be read for entertainment purposes only.
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Edit: Postscript: Ok, my post is totally redundant to what's already been said. For some reason I didn't see all the other posts when I added mine, it appeared that there were only two. Sorry. Earle.
Really, this is an opportunity for struggling newspapers and responsible information sources to highlight the quality of their quality content--knowing that by calling themselves "news" they WILL be held accountable for damages based on what they report. As opposed to gossip sites like "web logs" and wikipedia, which should be read for entertainment purposes only.
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Edit: Postscript: Ok, my post is totally redundant to what's already been said. For some reason I didn't see all the other posts when I added mine, it appeared that there were only two. Sorry. Earle.
