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Apple's Potential New Products Not Enough to Fix Stock, says VC Investor

Posted Oct 14, 2008 12:29pm EDT by Aaron Task in Investing, Computers, Newsmakers, Products and Trends

Steve Jobs hosts the latest Apple product launch in Cupertino shortly, and rumors are flying about what's in store:

  • $1,000 MacBooks
  • Possible Blu-ray option in notebooks
  • NVIDIA graphics chipsets to replace Intel chipsets
  • A possible tablet computer à la iPod Touch

Should any or all of these come to pass, can investors expect a significant bounce for Apple's beleagured shares? Our guest Howard Lindzon, a partner at Knight's Bridge Capital, blogger, and VC investor, is long Apple and calls the company the best in America. Still, he says, the days of a must-own stock are gone, and Apple's stock is broken anyway -- and "a broken stock could go anywhere."

(Go here for live blogging of the Apple event beginnning at 1 p.m. Eastern.)

52 Comments

__A_YAHOO_USER__
__A_YAHOO_USER__ - Tuesday October 14, 2008 12:34PM EDT

g GOOD PRODUCTS BUT THE TIMING IS WRONG....WILL IT BE SOLD AS DISCOUNT OR HAS A DISCOUNT........

__A_YAHOO_USER__
__A_YAHOO_USER__ - Tuesday October 14, 2008 12:34PM EDT

g GOOD PRODUCTS BUT THE TIMING IS WRONG....WILL IT BE SOLD AS DISCOUNT OR HAS A DISCOUNT........

JohnM
JohnM - Tuesday October 14, 2008 12:37PM EDT

A simple question- What's broken about it?

Reedersong
Reedersong - Tuesday October 14, 2008 12:44PM EDT

I agree with Ike on this one.

Carlos
Carlos - Tuesday October 14, 2008 12:44PM EDT

With Apple... it has always gone against the external forces and has always imagine where it was headed. Just like this country. Doing what has to be done after all else has been exhausted: 'Wall are there to reminds us what we want most' C. M.

Geek
Geek - Tuesday October 14, 2008 12:54PM EDT

Yes. This is was a completely stupid bit. Apple is among the top 5 companies in the world. Why put out a negative interview with a pessimistic, unrealistic analyst who talks like Apple is the best.. then cals it "lose/lose"? He's irrational. If Apple isn't safe to buy @ lows around 110 +/- 5, then what stock is? Hmm? Was upgraded again yesterday. Introducing a new sub 1k laptop. Updates it's best products to keep the edge. Stellar. If you want to talk about stocks to be careful with - talk about a financial.

Jim
Jim - Tuesday October 14, 2008 01:01PM EDT

Wow, Henry strategizes for Apple! Did they consult with you while you were in jail? Will they again?

Jack deee
Jack deee - Tuesday October 14, 2008 01:06PM EDT

This interview is pure BS. Apple is NOT the USA.. Apple is just a very well branded PC and Etoys company.

Yahoo! Finance User
Yahoo! Finance User - Tuesday October 14, 2008 01:09PM EDT

If its lower than $800 its a good time

Yahoo! Finance User
Yahoo! Finance User - Tuesday October 14, 2008 01:21PM EDT

Oh my . The gentleman certainly knows how to poison the well .

Glenn
Glenn - Tuesday October 14, 2008 01:50PM EDT

What a wanker.

Yahoo! Finance User
Yahoo! Finance User - Tuesday October 14, 2008 01:56PM EDT

The whole economy is screwed, but to say that Apple is on of the weakest investments is ludicrous. If you're not going to buy apple at where it's bottomed out in the Mid 80-95, what's a value stock? Apple has always been an underdog that has a history of coming out on top, will people buy less, yes...they will be more selective...and by buying selective, better choices. Apple has always offered excellent choices so I don't see Apple going down the toilet...it's already taken a ride with all the other stocks down from 195+ to 85...I think it's a buy right now...but I'm no "EXPERT".

Abebaw
Abebaw - Tuesday October 14, 2008 02:03PM EDT

The price of products will have a big impact during an economic downturn. Apples doesn't get it...

della,
della, - Tuesday October 14, 2008 02:03PM EDT

I would like to know how many share of Apple Task shorted this morning. Seriously the best govt regulation of this market possible would be a worldwide gag order on you POSs. If you just shut the hell up and allowed people to think for themselves then the market would get back to being controlled by things like profit margins and room for growth rather than stupid, knee-jerk reactions to whatever stock analysts say. And considering that none of you guys saw any of this coming, I think that tells us all we need to know about the "expertise" of Wall Street analysts.

KevinK
KevinK - Tuesday October 14, 2008 02:06PM EDT

$1K for a laptop? If there is a so called "financial crisis" right now, who would drop $1K on a laptop?!?! Right now bestbuy.com offers 38 laptops for less than $700. They have 81 less than $900. I would definitely agree that Apple has the best marketing team out there, but American's need to (and hopefully will) realize soon that they need to start spending their money more wisely! Blu Ray is also a good step (which has also been implemented in new HP computers), but illogical. I also think that iTunes is going to start to show a decline with their market share. As Rhapsody becomes more popular with the new Verizon phones, and people start to realize that MP3s are cheeper (and unrestricted) on amazon.com, people are going to quit giving their money to Apple. My bet is that AAPL drops at least to 80 before starting to rise slowly back to where it once was. They need release something groundbreaking (like the mp3 player once was) before the market drives the stock back up.

Yahoo! Finance User
Yahoo! Finance User - Tuesday October 14, 2008 02:07PM EDT

AAPL is a great buy at 40.00. If you paid more you were just following the lemmings. The stock price has been inflated too long.

nasdaq
nasdaq - Tuesday October 14, 2008 02:17PM EDT

MICROVISION isTHE NEXT APPLE stock to SOAR, check it out !!!

Triss
Triss - Tuesday October 14, 2008 02:21PM EDT

To john Murray you ask whats broken everything apple is broken LOL is the 80s again. You had Lisa & Macs competeing within the company to have a hold & now it's the computers laptops included competeing against Ipods & iphones apple is bound to lose focus on one of those areas & once against start to decline & lose ground in that area. Personally I think it will be computers & laptops where they start tanking because even now ipods & iphones are the crazy & when you hear someone mention apple most think right away of either of those things over computers. I'm not saying its wrong to have many products just saying apple will lose focus & start putting out even worse quality products then they already do just like during Lisa & Mac leading to a certain egotistical arragant hippie CEO getting ousted from his own company LOL. This time he will take health issues I'm sure though. Only company I want I'm enjoying seeing fall more is Yhoo LOL.

Steve
Steve - Tuesday October 14, 2008 02:27PM EDT

Go Apple!

Yan Hu
Yan Hu - Tuesday October 14, 2008 02:29PM EDT

Well, Valuation means nothing to me. I am a momentum trader. Closed my AAPL long position before the market was closed yesterday. Shorted Apple at 114 today.

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