If people are so panic stricken as to HOPE that Lee Iacocca is the next CEO, then I really begin to worry for AAPL. Chrysler rebuffed Lee and Kerkorian when they tried to gain control of Chrysler. Lee was no longer needed or wanted. If AAPL really needs
someone to rally the troops, why not Colin Powell? If all else fails, he could bomb Sadam Hussein with unsold Macs. Or what about bringing Johnny Carson out of retirement? At least he would entertain everyone and we could laugh our way back to profitability. Or how about Walter Cronkite? Everybody trusts him. Bruce Springsteen? How about Bill Gates?
"It's all about Steve. Look at his life ; APPL/NeXT/PIXR/APPL "
I think stock02 is right. Steve has alot of his heart (not just time and money) wrapped into Apple. And ego...
Steve won the lifetime achievement award from PC Magazine:
That's "PC Magazine". All of you Wintel users can thank the two Steve's (Jobs and Woz) for the Mac facsimiles upon your desktop. Sure Xerox's PARC and Douglas Englebart pioneered some of the technology in the Mac, but the two Steve's did bring it to market.
And if Stock02 is correct, there is one Steve who is not quite finished with his revolution....
ART sounds cool. This is a bit of a recent press release:
"The RenderDrive product family will consist of three configurations with
4, 16 and 64 processors respectively:
The RenderDrive RD4 has four AR250 processors and costs $19,950
US. This configuration is aimed at applications where rendering would
currently be accomplished on several workstations.
Using sixteen AR250 processors the RenderDrive RD16 priced at
$59,500 is a cost-effective solution targeted at applications which today
call for large rendering farms.
The RenderDrive RD64 sells for $170,000 and offers the minimum
rendering latency for leading edge production environments. For high
resolution applications the RD64 will provide up to 1000 times the
rendering performance of a microprocessor running software. "
-- Do I smell SGI ? >http://www.art.co.uk
Have not seen the Red Herring article. I don't think it would be fair to compare AR250 to Pent or PPC , whole different thing.
Back to the point now:
It's all about Steve. Look at his life ; APPL=>NeXT=>PIXR=>APPL
PIXR is still tied into the Mouse as far as movies go, but they can do alot of other content. And as they say "content is king"
Not to mention the proprietary software (which rocks), APPL could use that.
Insiders own 84.06% and most of that is Steve (I think). So if PIXR and APPL merge Steve gets what he wants - The Apple of his dreams. Now throw in Larry.
Remember the line Steve used to get Scully:
"Do you want to sell sugar-water for the rest of your life, or do you want to come with me and change the World ?" Why would he want a sugar-water salesman ? - Go Figure
This was the only mistake he ever made. The only one!! And I know for a FACT that he knows it. -- He beat himself and handed the world to Bill. He wants it back!
Think different. Invest different.
hi guys check this out
NEW YORK (CNNfn) - Former Apple Computer
Inc. Chairman Gilbert Amelio received nearly
$9.3 million in salary, bonuses and severance
payments, the computer maker said Friday.
According to Apple's proxy statement filed
with the Securities and Exchange Commission,
Amelio, who resigned last July, also exercised
stock options on 50,000 shares, netting him an
Under terms of his contract with Apple, Amelio
received a lump sum payment of $6.7 million. In
addition, he received his 1997 salary of $997,617,
plus a cash bonus of $1 million and $509,350
from restricted stock awards.
Amelio came to Apple in February 1996 from
the top spot at National Semiconductor Inc.,
replacing ousted Chief Executive Officer Michael
Almost immediately, he launched a widespread
restructuring program that included thousands of
However, with losses continuing to mount and
revenues falling sharply, the board decided to
change direction once again by terminating its
contract with Amelio and replacing him on a
temporary basis with co-founder Steven Jobs.
Apple is still searching for a permanent
As part of his severance package, Amelio
agreed to pay Apple $1.5 million as a partial
settlement for a $5 million loan he received when
he joined the company. In return, Apple agreed to
extend the maturity date for the remaining portion
of the loan to Sept. 15, 1998.
Amelio also agreed to forfeit 800,000 unvested
stock options. He still holds about 150,000
Apple said Jobs did not receive a salary in
fiscal 1997, but he did receive options on 30,000
shares as part of a proposed compensation plan for
The options, which are exercisable in the year
2007, carry a strike price of $23.625 each. If
Apple's stock rises about 10 percent a year
between now and the exercise date, the options
could be worth as much as $1.13 million.
Did someone say integration? Or was it assimilation? "We are Gates, you will be assimilated, resistence is futile." -g-
" Tuesday, January 6, 10:15 a.m. - 11:15 a.m.
San Francisco Marriott Hotel
Session 2 - MACWORLD Expo Keynote Panel
THE MACINTOSH IN A WINDOWS WORLD:
Insights on Issues of Integration
Curmudgeon, venture capitalist, former Macintosh aficionado, and ultimate realist Stewart
Alsop leads a panel of industry insiders to discuss and debate how the Macintosh finds a role
for itself in a world dominated by Microsoft Windows. On the agenda: whether the Mac system
continues to serve as a platform for productivity applications; its connection to the Internet
and the World Wide Web; how well it continues to play in publishing and education markets; and
more ... "
"Tuesday, January 6
Yerba Buena Ballroom
San Francisco Marriott
Tuesday, January 6, 9:00 a.m. - 10:00 a.m.
San Francisco Marriott Hotel
Session 1 - MACWORLD Expo Opening Keynote
Steve Jobs' Keynote Address"
Does anyone here doubt that AAPL stock will start climbing before this event? Did STeVE cry wolf one too many times?
I'd bet you could make some good money buying here and selling before the news. Not my plan though...
For rumors sake, let's entertain the concept:
Lee I. DID save Chrysler from almost certain doom. HE sold the cars. HE did the commercials and people -liked and trusted- him and bought the cars.
But, he didn't smooth talk them into buying Yugos. He built a better car and offered better service. The standards that he set for quality and service survive today.
To call someone desperate for wanting Iacocca in control, based on the fact that he was rebuffed by Chrysler when he and Kerkorian tried to seize Chrysler is ludicrous.
Was it because he was bad for the company? Or was someone trying to protect their own interest?
I honestly don't know, but I would think there is a little more to it. Am I wrong?
But you are correct when you state that "Lee was no longer needed or wanted." Precisely! He did his job (turning around a dead-in-the water comapny) and was no longer needed. Heard of relief pitching in baseball? There are certain people who are good at certain things. Lee happens to be a turnaround artist. He knows how to do it.
If anything, I hope he was in Cupertino (if he really is) to give Steve some advice. There are very few business minds as good as Iacocca, and fewer that have accomplished what he has. He would be a blessing to AAPL.
That is what AAPL needs, and I think AAPL is desperate for help. Look at the stock drop. It will until the company makes a profit, reports record sales, names a CEO or is bought out or merged.
We already know that AAPL must name a CEO soon.
But AAPL is cheap today (around 1.5 times BOOK!) and is a sitting duck for a takeover.
Time will tell, but AAPL will not fail. You don't need a crystal ball to know that.
Iaccoca is not the messiah. After he left Chrysler, the company did much better since the cult of personality was cut off in favor of results oriented and creative managers. However, he was critical to Chrysler's survival when the choice was to file bankruptcy
or get a loan/bailout. In this case, perhaps his involvement with AAPL is premature since I do not think AAPL is dying yet. But AAPL needs more than a symbolic fugurehead. It needs an aggressive team that can really fight for market share, not a bunch of self indulgent pseudo elitists with pretensions of creativity which are outdated and who rely on "loyalty" rather than true value for the buck. My own suggestion would be to merge with Sillicon Graphics and Pixar then sell the whole entity to Motorola,
IBM or Disney.
Yes, Apple has a great product and on paper much better then Microsoft. Yet better does not turn into great profits. Where Apple stands right now is this: a company with a great product but little marketing savvy to turn the great product into great profits.
The screem on the Wall Street is thus different then the screem on technology street. The idea is how to market something that is proprietary and is GREAT. Yes, from the investment perspective Apple is not a buy now but a sell now. Yet the potential and the technology is a vision for optimism. Will Apple fall? Doubtful because someone out there would love to own what they own. What they need therefore is a management genious that knows how to turn great technology into great profits. Seems then
that Steve Jobs might be but he is doubting it himself. Still, whoever takes a risk and plays the Apple game will no doubt be one of the greatest CEOs. Are there any out there?