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  • Newsletter #426 Preview: Turning Good News Into Bad

    January 27th, 2008

    As I was listening to some talking heads debate Apple’s financial prospects on a 24-hour cable TV show this weekend, I had the vain hope that they would provide a needed dose of reality upon the bad tidings surrounding Apple Inc. these days.

    In the end, it was a mixed bag. One financial analyst said Apple was doing just dandy, thank you, while another said Apple’s stock has long been overpriced, and was a better buy at $125 per share. My conclusion is that they really don’t know, but they got on that show because they can provide instant pithy comments on a variety of financial matters that sounded great on TV. It doesn’t matter if they know what they are talking about or not.

    It never does, sad to say.

    But after it became clear that you can’t fault a company for having record sales, despite a basically gloomy economic outlook, the nasty, noisy negatives of the financial and tech press decided to embark in the incredibly wrong-headed search for the missing iPhones.

    Story continued in this week’s Tech Night Owl Newsletter.

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