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On bubbles, and how quickly they burst
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Posting Junkie
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Jan 16 NYT article: SAN FRANCISCO, Jan. 15 - It may not be the last laugh, but on Friday afternoon, after the close of the stock market, Steven P. Jobs, the chief executive of Apple Computer, shared an e-mail chuckle with his employees at the expense of Dell, a big rival.
The message was prompted by the 12 percent surge in Apple's stock price last week, which pushed the company's market capitalization to $72.13 billion, passing Dell's value of $71.97 billion.
Feb 11 market caps ( change since article)
Apple: $57.12 billion ( down 21%)
Dell: $74.82 billion ( up 4%)
$15 billion gone in less than a month.
(Yes, I know how meaningless market cap can be when taken in the wrong context. I'm not suggesting Apple or Dell is the better company. Just remarking on how quickly fortunes can reverse themselves.)
(Last edited by mduell; Feb 11, 2006 at 01:50 PM.
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Fresh-Faced Recruit
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That $15 billion didn't really exist except on paper. It's just speculation, and Apple's stock is way, way, WAY overinflated.
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Posting Junkie
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Originally Posted by thesunisgone
That $15 billion didn't really exist except on paper. It's just speculation, and Apple's stock is way, way, WAY overinflated.
That may be true, but at least it's not as overinflated as Google. 
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Mac Elite
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Well, that's it. This is a sure sign the platform is dead. Where do I sign up for a PC?
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Posting Junkie
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Originally Posted by Ozmodiar
Well, that's it. This is a sure sign the platform is dead. Where do I sign up for a PC?
Gateway could probably use the sale, having lost their CEO and 22% of their market cap in the last 3 months.
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Mac Elite
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I find adding some glycerin to the solution makes the bubbles last much longer in the air.
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Professional Poster
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Originally Posted by awaspaas
I find adding some glycerin to the solution makes the bubbles last much longer in the air.
And by glycerin you mean iPods?
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Addicted to MacNN
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Dell is still on top. So no bubble to burst yet.
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"Never give in, never give in, never, never, never, never - in nothing, great or small, large or petty - never give in except to convictions of honor and good sense." Winston Churchill
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Posting Junkie
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Originally Posted by wdlove
Dell is still on top. So no bubble to burst yet.
The financials of Dell make some sense. The financials of Google... Not so much.
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Addicted to MacNN
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So a ton of people sold and took home their cash. That's the way the market works.
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I'm a bird. I am the 1% (of pets).
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Posting Junkie
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If you read the email Steve said Apple stock would go up and down and by the next day even Apple could be worth less than Dell again.
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8 Core 2.8 ghz Mac Pro/GF8800/2 23" Cinema Displays, 3.06 ghz Macbook Pro
Once you wanted revolution, now you're the institution, how's it feel to be the man?
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Professional Poster
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market cap is one thing...rock star status trumps
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The rich are cheap. That's how they got rich.
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Addicted to MacNN
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Some analysts are predicting a soft spot for Apple for the next couple of months, as the transition to Intel machines takes hold, and while we wait for new Apple product, expected to happen within the next couple of months. They're also predicting a price target of around $100 for the stock, so this is nothing to get one's panties in a wad about.
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Why is there always money for war, but none for education?
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