![]() |
#61 | |
Zennist
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 1,022
Karma: 47809468
Join Date: Jul 2010
Device: iPod Touch, Sony PRS-350, Nook HD+ & HD
|
Quote:
And I'm harping on this only to point out that silence on the part of Apple tends to confirm the rumor. That's how I read their silence. And I'm sure many on Wall Street are reading it that way too. As for journalists, to a large extent they've always used one another as sources -- ie, the AP, UPI and other wire services have frequently formed the basis of stories for many of the same mainstream newspapers. --Pat |
|
![]() |
![]() |
#62 | |
Wizard
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 1,068
Karma: 23867385
Join Date: Nov 2011
Device: kindle, fire
|
Quote:
CEOs are hired by shareholders. The boards tie compensation to stock price because they want the CEO to share their priorities. The only way to avoid this is to patronize privately held companies. |
|
![]() |
Advert | |
|
![]() |
#63 | |
Interested Bystander
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 3,726
Karma: 19728152
Join Date: Jun 2008
Device: Note 4, Kobo One
|
Quote:
Nowadays stocks are traded for speculation rather than investment, and all many shareholders are interested in is the greatest short-term result possible before the sell and move to something else. Those priorities are diametrically opposed to the priorities of a long-term owner. |
|
![]() |
![]() |
#64 | |
Interested Bystander
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 3,726
Karma: 19728152
Join Date: Jun 2008
Device: Note 4, Kobo One
|
Quote:
That is, there is a story which is not verifiable enough for a newspaper to run it. However, if a blog posts it, the newspaper will then run a 'X is reporting...' story, and report on the reporting. It is just an end-run around their obligations to do thorough research. |
|
![]() |
![]() |
#65 | |
Wizard
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 4,896
Karma: 33602910
Join Date: Oct 2010
Device: PocketBook 903 & 360+
|
Quote:
If that chart isn't clear, look here: http://www.businessinsider.com/chart...ormance-2013-1. Maybe it's been going down because of the reaction to the new size of the iPhone; maybe it's been going down because of the amazing Apple maps. The reason why the latest values are important is that the stock went below $500, which is a psychological importance. Rumors of Apple's downfall have been constant over the past few years, and the only reason why these look more important than the previous ones is because they coincided with the stock drop below an important psychological value. |
|
![]() |
Advert | |
|
![]() |
#66 | |
Wizard
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 1,068
Karma: 23867385
Join Date: Nov 2011
Device: kindle, fire
|
Quote:
|
|
![]() |
![]() |
#67 | |
Somewhat clueless
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 742
Karma: 8000000
Join Date: Nov 2008
Location: UK
Device: Kindle Oasis, iPhone 6 Plus
|
Quote:
A expectation that incorrect rumours will be denied gives a competitor the ability to go fishing for such facts, and the ability (through absence of denial) to infer which of those facts are true. As a (very poor :-) ) example, let's say I'm an Apple competitor and interested to know if Tim Cook is leaving - I simply start a rumour saying that inside sources report that he is leaving. This meets your criteria - it's a statement of fact and it would affect stock price. With your approach, Apple would be forced to confirm or deny this. A similar approach could have been taken in the past with regard to Steve Jobs' health. There are lots of other things in different areas which would also be interesting - even in the case of the rumours in question, don't you think that knowing whether or not they are true is of interest to Apple's competitors? /JB Last edited by jbjb; 01-16-2013 at 10:15 AM. Reason: clumsy phrasing improved |
|
![]() |
![]() |
#68 | |
Somewhat clueless
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 742
Karma: 8000000
Join Date: Nov 2008
Location: UK
Device: Kindle Oasis, iPhone 6 Plus
|
Quote:
Regulations in many (most/all?) jurisdictions require directors to run the company in the interest of the shareholders, and don't make the distinction between long-term and short-term holders. That's really just an aside, though - I completely agree with you on your principal point that it would be much better for directors to concentrate on building a sustainable, profitable, growing business and pay less attention to short term stock fluctuation. The UK used to have a Capital Gains Tax system which encouraged longer-term holding of shares ("taper relief"), but that was stopped in 2008. /JB |
|
![]() |
![]() |
#69 | |
Wizard
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 4,896
Karma: 33602910
Join Date: Oct 2010
Device: PocketBook 903 & 360+
|
Quote:
![]() Now back to the usual rumors and speculations. |
|
![]() |
![]() |
#70 | |||||
Zennist
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 1,022
Karma: 47809468
Join Date: Jul 2010
Device: iPod Touch, Sony PRS-350, Nook HD+ & HD
|
Quote:
On the iPhone Mini: Quote:
Quote:
Quote:
Quote:
So denying incorrect assertions of fact is not new for Apple, especially for those bogus rumors which gain a lot of traction. Rightly or not, their silence on this latest rumor will only be read as an indication that the information is correct. --Pat |
|||||
![]() |
![]() |
#71 | |
Somewhat clueless
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 742
Karma: 8000000
Join Date: Nov 2008
Location: UK
Device: Kindle Oasis, iPhone 6 Plus
|
Quote:
/JB |
|
![]() |
![]() |
#72 | |
Zennist
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 1,022
Karma: 47809468
Join Date: Jul 2010
Device: iPod Touch, Sony PRS-350, Nook HD+ & HD
|
Quote:
If their stock has been falling due to tangible, real things (ie, size of phone, maps app) then that is different than it falling due to misinformation. You don't need false information to contribute to a plunging stock price. Apple has not hesitated in the past to dispel rumors that could impact its stock price (see preceding post) so I'm not sure why they would hesitate now. One can only read their silence as an indication the rumors are more true than not. --Pat |
|
![]() |
![]() |
#73 | |
Zennist
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 1,022
Karma: 47809468
Join Date: Jul 2010
Device: iPod Touch, Sony PRS-350, Nook HD+ & HD
|
Quote:
Well, my point is, if they can deny a harmful rumor, they will. If they can't deny it because it is true, they won't attempt to. ![]() --Pat |
|
![]() |
![]() |
#74 |
Somewhat clueless
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 742
Karma: 8000000
Join Date: Nov 2008
Location: UK
Device: Kindle Oasis, iPhone 6 Plus
|
|
![]() |
![]() |
#75 | |
Zennist
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Posts: 1,022
Karma: 47809468
Join Date: Jul 2010
Device: iPod Touch, Sony PRS-350, Nook HD+ & HD
|
Quote:
And, as I said, their silence will be read as admission that the rumor is true. --Pat |
|
![]() |
![]() |
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
Google halts new orders for 16GB Nexus 7, surprised by demand | petermillard | News | 148 | 08-04-2012 07:04 PM |
"Amazon: Kindle Demand Weakening? Pac Crest Cuts Views" | scrapking | Amazon Kindle | 17 | 03-23-2012 10:54 PM |
"Due to overwhelming demand, your order may be delayed up to 5 business days..." | pokee | Kobo Tablets | 31 | 10-28-2011 01:30 PM |
iPhone Apple: Statement on iPhone 4 Pre-Orders | kjk | Apple Devices | 25 | 06-19-2010 12:16 PM |