>> Apple is an $11 billion/year company that sold approx 1.3 _million_
>> PowerPCs in the last 3 months.....they have _no_ long-term debt, access to
>> about $1 billion in cash, ...
>
>If things were that simple, the stock wouldn't be sitting at half the
>value it was a year ago. And if the stock was seriously _undervalued_ at
>the moment (i.e., if the company wasn't in fact as stagnant and
>dysfunctional as the price suggests), somebody would have bought them out
>in a flash.
Uhh, this is Evan "pink, at least" Kirchkoff arguing seriously that _stock
market valuation_ is a serious measure of a companies health? Excuse me?
:)
I think I'll assume that your understanding of stock market performance and
it's relationship to the real (ie physical) economy is more sophisticated
than that, and you're making this point just to advance (if that's the
word) your arguement...
.....i should probably be writing code......
- bill
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Bill Hutten - bhutten@fox.nstn.ca
"He wore a hat. He had a job" - Devo, _Mongoloid_