While Apple and it's stock price are circling the drain he's busy himself with social concerns, building a car that'll never see the light of day and making acquisitions that make no sense, and relying on services for groth to a shrinking customer base..
He's done nothing since taking over but launch losing products and manipulate the stock price via buybacks and the like.
Good CFO but not a leader. Great team he and Jobs, but Apple needs a new #1. You wouldn't see Jobs trying to sell $700 phones in India where the the annual average income is $1500 a year.
Tim should move on to a social work entity as CFO
I, for one, have dumped their stock and will abandon their products at my next upgrade.
He should be spending his time expanding the business rather than politicking, engineering the balance sheet, and going into the car business which I predict will be their greatest fiasco ever. No background in it, and about 5 years too late to the party.
Doesn't bode well for the buy out rumors. They'd be exercising and holding if something was in the works.
Agree that its the most horrible twosome of my lifetime. Like having no real choice. Suspect many will stay home rather than waste time flipping the coin. I an't take another 4 years of Obamaism, but the alternative seems just as ugly.
Think we'll see the libertarian or other 3rd party's take a bigger piece of the vote as the "neither" candidate. Won't win, but'll affect the 2 conventional candidates.
Debates will be meaningless, except as fuel for the media. The simple issue this time around is "if you think things are fine, vote Clinton another 4 years of Obama", if not, take the gamble and pick Trump. It's all about Clinton. Trump is the default
No question both are biased and opinionated , as is Fairs piece. But in terms of history and factual accuracy I didn't see any errors. The whiffs are common knowledge, the shut-downs well advertised and the numbers are the numbers. Could you point some out?
1)Make announcements of deals subject to approvals and other conditions (quick, but short lived jump in stock price) 2)raise money in anticipation of success 3) oops! Stir and repeat.
It's another huge hole to dump money into, just like everything else they done with the Chinese. The Chinese will let them pour the money in then screw them just like every other small company that tries to do business there.
Even the likes of Apple have trouble with the government thugs.
Nice short play this morning though.
Simple, that cash is going to be long gone by the time they get halfway to approval. And the matket isn't buying their early stage results story again. Investors have been burned twice with secondaries issued early on the heels of preliminary data, only to have them announce a whiff shortly thereafter.
They'll have to give 90% of the equity away in order to raise another dime.
For car engineering. Can the news get worse? Talk about your money pits.
Maybe they can build them out of recycled watches and TV prototypes.
Their main line products are failing so they want to build cars? Why not buy out McDonalds and put watches in the happy meals, maybe an ipad or 2 as well.
It's going into overdrive in the race to zero. The "team" is just running out the clock and the bank balance.
No one is buying the story any longer. Remember, these guys have a history of issuing stock on releases like this and raising money when there's no apparent need. People will no doubt sell into these releases and they'll never raise another dime in the market. All it is now is a race to zero
The only thing cldx may have laid claim to world leadership in is carefully crafting early testing and raising money based on those "results". Sadly for them, that party is over. They seem to simply be running out the clock now with the bundles of cash they've raised.Suspect they'll go into radio silence mode.
What difference does it make. A whiff is a whiff. They ran with early and sketchy test results, raised a ton of cash and struck out when the rubber hit the road.
Only issue at this point is if they'll try to run the same scheme with the rest of the "pipeline".
The rule is once they start selling, get out quick. Better to be a little late than a lot. Works 90% of the time. These guys were bailing big at $20