Thursday, February 28, 2013

Tim Cook and Apple Versus Wall Street: Don't Pity the Hedgies : The New Yorker

Final paragraph from an Apple-versus-the-velociraptors perspective
"Rather than resorting to financial engineering, Apple is concentrating on coming up with new products that will expand the firm’s markets and restore its reputation as a peerless innovator. In the first category, Apple is widely expected to launch a cheaper version of the iPhone targeted at the fast-growing markets in the developing world. In the second category, it is rumored to be working on an Apple watch and an Apple television set. Given the difficulties inherent in coming up with anything that could match the iPhone or the iPad, I am a bit skeptical of these efforts, but, given their record, Cook and his colleagues deserve the opportunity to prove the doubters wrong. And if that means Einhorn and Tepper are forced to sit on their losses for a while longer, it won’t be a national calamity."
Tim Cook and Apple Versus Wall Street: Don't Pity the Hedgies : The New Yorker

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