post #21 of 38
1/28/10 at 5:28pm
Stocks go up and down based on expectations that are not being fulfilled. Any stocks!
For Apple, lots of them did not get what they "think" they would get from the conference. Thus the let down. Shareholders nowadays are just a bunch of speculators wishing to make some quick gains on the stocks that have no bearing on how a company performs over the years as a whole.
Let us stay ON topic as far as tech concerns!
|From Wired Magazine (Per Engadget article):
According to a report in Wired (and a source whom the publication says "could not be named"), Steve Jobs spoke to an audience of Apple employees at a town hall in Cupertino and... pulled zero punches. If you believe what you read, Jobs tackled a handful of major issues that have been buzzing the company lately, namely its run-ins with Google on a number of topics, and the lack of Flash support in its mobile devices (most notably in the upcoming iPad). On Google, Jobs had this to say: "We did not enter the search business. They entered the phone business. Make no mistake they want to kill the iPhone. We won't let them." According to the attendee, another topic was brought up but Steve wouldn't let the Google issue go, stating his thoughts on the company's famous 'Don't be evil' line. In Steve's words? "It's bullshit."