Steve Jobs Steps Down

BayMoWe335 · 08-24-2011, 07:17 PM

Sigh...

I want to believe it's a good chance to pick up more AAPL, but you never know.

fun ticket · 08-24-2011, 07:25 PM

Health must be going south again? That's too bad if that's the reason.

Greenkirby21 · 08-24-2011, 07:46 PM

something tells me its his health : (. at least he is still employed by apple and is going to be a chairman

DM1 · 08-24-2011, 08:06 PM

Hopefully he stabilizes, the man is a genius and loosing him would be a shame. His legacy must live forever as a creative inventor and marketing wizard.

solefald · 08-24-2011, 09:20 PM

He said months ago that he is going to step down plus he is not looking all that healthy right now, so its not a surprise at all.
However, he groomed the current management team pretty damn well, so I am sure they will be able to carry the torch for a while.
On top of that, their product line is probably is all planned out and set for the next 3-5 years. Too early to dance on Apple's grave.

OOO · 08-24-2011, 09:23 PM

Yea sucks that he's stepping down, dude is a genius. If you saw him a couple months ago he is not looking very healthy. Look at pictures of him from a couple years and now and it looks like two completely different person.

GregTheStig · 08-24-2011, 09:28 PM

I'm not a big Apple fan but I had respect for that guy. It'll be interesting to see how Apple can do without him at the helm. Also I wonder if their stock will go on sale

KingOfJericho · 08-24-2011, 09:42 PM

He's an innovator and a visionary but as someone mentioned earlier, their product lineup is set for the next several years. Apple is still one of the cheapest ratio stocks out there. A screaming buy in my book.

Blake · 08-24-2011, 10:23 PM

Goodnight sweet prince

skepsis · 08-24-2011, 10:23 PM

Apple's stock will undoubtedly drop as it has when Steve announced other issues regarding his health. But it should come back with a vengeance

BayMoWe335 · 08-24-2011, 10:46 PM

A contrarian view: perhaps the stock underperformed relative to its fundamentals because of this black cloud that hung over the company: Is Steve Jobs healthy? Now that this is done and dealt with, can the stock actually trade in line with its incredible growth, cash position, and innovation?

I know it's unbelievable to say the stock has underperformed, but it really has compared with its incredible earnings. Others seem to trade at a much higher premium for less growth (NFLX, GOOG, AMZN).

TK-421 · 08-24-2011, 11:05 PM

Basically agreeing with what everyone else has been saying. It'll be weird when someone else announces the new iPhone.

Tondtar · 08-24-2011, 11:49 PM

.

wisesoul · 08-25-2011, 01:09 AM

No biggie.

Comet · 08-25-2011, 01:22 AM

Kensta335 · 08-25-2011, 01:34 AM

Quote:

Originally Posted by KingOfJericho

He's an innovator and a visionary but as someone mentioned earlier, their product lineup is set for the next several years. Apple is still one of the cheapest ratio stocks out there. A screaming buy in my book.

len56 · 08-25-2011, 01:51 AM

lol^

also someone want to explain the difference between CEO & chairman to me? mostly, does chairman have final say in things?

KingOfJericho · 08-25-2011, 07:46 AM

30 second search on google...

"The CEO is a company's top decision-maker, and all other executives answer to him or her. The CEO typically delegates many of the tactical responsibilities to other managers, focusing instead on strategic issues, such as which markets to enter, how to take on the competition, and which companies to form partnerships with."

"The chairman of a company is the head of its board of directors. The board is elected by shareholders and is responsible for protecting investors' interests, such as the company's profitability and stability. It usually meets several times a year to set long-term goals, review financial results, evaluate the performance of high-level managers, and vote on important strategic moves proposed by the CEO........But he or she does not necessarily play an active role in everyday management."

jpsum · 08-25-2011, 09:51 AM

Hello Flash!

Nutballa · 08-25-2011, 09:59 AM

What an awesome guy!

Kiemyster · 08-25-2011, 09:59 AM

Quote:

Originally Posted by KingOfJericho

He's an innovator and a visionary but as someone mentioned earlier, their product lineup is set for the next several years.

LOL I could not stop laughing when I read this. ohh their product lineup is set for probably the next 10 years, all they do is repackage old technology with a newer interface and maybe 10% hardware upgrades. Its wonderful how they can dictate the release of hardware to their market as they please and when they please, allowing them to control every single aspect, even depreciation of their product. Its an artificial world in apple's universe. I cant stand the way apple runs their business, walking into their stores makes me want to commit suicide. when will people realize what a fucking scam this company is.

DEATH TO APPLE.

Chewy734 · 08-25-2011, 10:12 AM

Quote:

Originally Posted by Kiemyster

LOL I could not stop laughing when I read this. ohh their product lineup is set for probably the next 10 years, all they do is repackage old technology with a newer interface and maybe 10% hardware upgrades. Its wonderful how they can dictate the release of hardware to their market as they please and when they please, allowing them to control every single aspect, even depreciation of their product. Its an artificial world in apple's universe. I cant stand the way apple runs their business, walking into their stores makes me want to commit suicide. when will people realize what a fucking scam this company is.

DEATH TO APPLE.

easy there gunner... obviously thunderbolt is ancient and old technology, as are SSD drives, touch screens, etc.

I'm glad that their computers don't depreciate as much over time, and the OS is lightyears ahead of Windows for my uses.

Needless to say... I will never be able to change your perception of Apple (nor do I care to), and you will never be able to change mine. Let's leave it at that.

08-24-2011, 07:17 PM	#1
BayMoWe335 Colonel 1239 Rep 2,143 Posts Drives: 2010 E92 335i 6MT Join Date: Aug 2009 Location: US iTrader: (0)	Steve Jobs Steps Down Sigh... I want to believe it's a good chance to pick up more AAPL, but you never know.
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08-24-2011, 07:25 PM	#2
fun ticket Private First Class 147 Rep 129 Posts Drives: 2017 Ford Raptor Join Date: Oct 2009 Location: Tampa, Florida iTrader: (0)	Health must be going south again? That's too bad if that's the reason.
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08-24-2011, 07:46 PM	#3
Greenkirby21 Vrooom :) 338 Rep 2,597 Posts Drives: C7 Stringray Join Date: Jun 2010 Location: Dream Land iTrader: (1)	something tells me its his health : (. at least he is still employed by apple and is going to be a chairman __________________ 2014 C7 Corvette Stringray - Laguna Blue - NPP Exhaust - Competition Seats
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08-24-2011, 08:06 PM	#4
DM1 Captain 98 Rep 698 Posts Drives: Mini Cooper S Paceman Join Date: Nov 2006 Location: Monterrey, Mexico. iTrader: (0) Garage List 2007 Z4 3.0si [7.00] 2006 325i [0.00] 2005 Renault Megane RS [0.00]	Hopefully he stabilizes, the man is a genius and loosing him would be a shame. His legacy must live forever as a creative inventor and marketing wizard. __________________ Follow my blog at http://dmauto.wordpress.com
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08-24-2011, 09:20 PM	#5
solefald Nigerian Prince 410 Rep 2,180 Posts Drives: '11 F25 Join Date: Apr 2008 Location: San Diego, CA iTrader: (2) Garage List '11 BMW F25 [0.00]	He said months ago that he is going to step down plus he is not looking all that healthy right now, so its not a surprise at all. However, he groomed the current management team pretty damn well, so I am sure they will be able to carry the torch for a while. On top of that, their product line is probably is all planned out and set for the next 3-5 years. Too early to dance on Apple's grave. __________________ http://soundcloud.com/djtchort
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08-24-2011, 09:23 PM	#6
OOO First Lieutenant 32 Rep 310 Posts Drives: in the slow lane Join Date: Feb 2009 Location: SoCal iTrader: (4)	Yea sucks that he's stepping down, dude is a genius. If you saw him a couple months ago he is not looking very healthy. Look at pictures of him from a couple years and now and it looks like two completely different person. __________________ E92 BMW M3\|Space Gray\|DCT\|Performance Splitters\|Carbon Fiber Mirrors\|Performance Spoiler
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08-24-2011, 09:28 PM	#7
GregTheStig derp 53 Rep 1,203 Posts Drives: a Tuk Tuk Join Date: Feb 2010 Location: Atlanta, GA iTrader: (1)	I'm not a big Apple fan but I had respect for that guy. It'll be interesting to see how Apple can do without him at the helm. Also I wonder if their stock will go on sale __________________
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08-24-2011, 09:42 PM	#8
KingOfJericho Major General 2459 Rep 7,340 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	He's an innovator and a visionary but as someone mentioned earlier, their product lineup is set for the next several years. Apple is still one of the cheapest ratio stocks out there. A screaming buy in my book. __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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08-24-2011, 10:23 PM	#9
Blake Banned 838 Rep 4,643 Posts Drives: Chevy Aveo Join Date: May 2008 Location: Parent's Basement iTrader: (7)	Goodnight sweet prince
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08-24-2011, 10:23 PM	#10
skepsis New Member -2 Rep 20 Posts Drives: 2019 F32 Join Date: May 2011 Location: FL iTrader: (1) Garage List 2011 335i [0.00] 2002 Acura TL [0.00]	Apple's stock will undoubtedly drop as it has when Steve announced other issues regarding his health. But it should come back with a vengeance
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08-24-2011, 10:46 PM	#11
BayMoWe335 Colonel 1239 Rep 2,143 Posts Drives: 2010 E92 335i 6MT Join Date: Aug 2009 Location: US iTrader: (0)	A contrarian view: perhaps the stock underperformed relative to its fundamentals because of this black cloud that hung over the company: Is Steve Jobs healthy? Now that this is done and dealt with, can the stock actually trade in line with its incredible growth, cash position, and innovation? I know it's unbelievable to say the stock has underperformed, but it really has compared with its incredible earnings. Others seem to trade at a much higher premium for less growth (NFLX, GOOG, AMZN).
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08-24-2011, 11:05 PM	#12
TK-421 Registered Sex Offender 633 Rep 4,757 Posts Drives: E46 M3 \| 1JZ S13 Join Date: Jun 2007 Location: Tampa, FL iTrader: (0)	Basically agreeing with what everyone else has been saying. It'll be weird when someone else announces the new iPhone. __________________ Stop putting stuff like painted reflectors and premium package in your signature. You're embarrassing.
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08-24-2011, 11:49 PM	#13
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08-25-2011, 01:09 AM	#14
wisesoul Savoir Faire 83 Rep 1,771 Posts Drives: 2013 BMW M5 Join Date: Aug 2010 Location: Los Angeles, Ca iTrader: (0)	No biggie. __________________ Current: Alpine White F10 M5\|H&R springs\|12mm/10mm spacers\|Eisenmann Race Sold:Imola Yellow RS4-KW V3\|MTM 10mm spacers\|Hotchkis rear sway bar\|APR Stage 1\|Milltek Catless\|RNS-E\|Euro RS4 Flat bottom Steering Wheel Sold:E46 323i
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08-25-2011, 01:22 AM	#15
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08-25-2011, 01:51 AM	#17
len56 Private 379 Rep 85 Posts Drives: like a gentleman Join Date: May 2009 Location: CA iTrader: (0)	lol^ also someone want to explain the difference between CEO & chairman to me? mostly, does chairman have final say in things? __________________ i love german cars
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08-25-2011, 07:46 AM	#18
KingOfJericho Major General 2459 Rep 7,340 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	30 second search on google... "The CEO is a company's top decision-maker, and all other executives answer to him or her. The CEO typically delegates many of the tactical responsibilities to other managers, focusing instead on strategic issues, such as which markets to enter, how to take on the competition, and which companies to form partnerships with." "The chairman of a company is the head of its board of directors. The board is elected by shareholders and is responsible for protecting investors' interests, such as the company's profitability and stability. It usually meets several times a year to set long-term goals, review financial results, evaluate the performance of high-level managers, and vote on important strategic moves proposed by the CEO........But he or she does not necessarily play an active role in everyday management." __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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08-25-2011, 09:51 AM	#19
jpsum Major 300 Rep 1,088 Posts Drives: 2010 TSX Join Date: Dec 2008 Location: New Haven area iTrader: (4)	Hello Flash!
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08-25-2011, 09:59 AM	#20
Nutballa Captain 259 Rep 840 Posts Drives: BMW F13 M6 // BMW F22 M235i Join Date: Sep 2008 Location: Austin, Texas+ San Antonio iTrader: (1)	What an awesome guy! __________________ BMW FTW! "Power is nothing without Control" - Pirelli.
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