Comments on: Tech stocks are on the fast train down http://www.crunchgear.com/2008/09/30/tech-stocks-are-on-the-fast-train-down/ Gadgets, gear and computer hardware. Mon, 30 Nov 2009 11:42:16 -0500 hourly 1 By: CrunchGear » Archive » Research in Motion to be scooped up by Microsoft? http://www.crunchgear.com/2008/09/30/tech-stocks-are-on-the-fast-train-down/comment-page-1/#comment-937343 CrunchGear » Archive » Research in Motion to be scooped up by Microsoft? Fri, 10 Oct 2008 14:40:36 +0000 http://www.crunchgear.com/?p=45495#comment-937343 [...] before the zombie apocalypse, with the RIM event a tad more likely than the other two. Bears are tearing up tech stocks and with RIM down 45% over the last four months to $67 a share, some analysts are predicting [...] [...] before the zombie apocalypse, with the RIM event a tad more likely than the other two. Bears are tearing up tech stocks and with RIM down 45% over the last four months to $67 a share, some analysts are predicting [...]

]]> By: Steve Jabs http://www.crunchgear.com/2008/09/30/tech-stocks-are-on-the-fast-train-down/comment-page-1/#comment-934520 Steve Jabs Tue, 30 Sep 2008 20:29:58 +0000 http://www.crunchgear.com/?p=45495#comment-934520 Buying Nokia stock right now would be insanely stupid. They are completely sub par. Apple right now is a tossup. A lot is riding on their October even (if the rumor is true). If they fail to amaze people, there is little hope that they will rebound much even during the holiday season. And they are stuck in a really bad corner right now. Apple stock is normally good because they profit and profit big time from the large amount of markup that they apply to nearly everything they sell. Hell, they only have one computer product that is sub-$1000. So here is the rub. If they release new macbooks and cut them under $1000 then they are taking a big chunk out of their profit. That pushes that line to be a long term line. Being as it is the most popular line of computer product they sell, that won't fly. If they release them at too much of a price jump then people just won't buy them right now. Juniper isn't cutting credit even for people who have relatively normal to above normal credit and a decent job (ex. me). Most people are going to be hesitant dropping $1k+ on laptops right now. Especially when they don't even know if they will have a bank account the next day. Buying Nokia stock right now would be insanely stupid. They are completely sub par.

Apple right now is a tossup. A lot is riding on their October even (if the rumor is true). If they fail to amaze people, there is little hope that they will rebound much even during the holiday season. And they are stuck in a really bad corner right now. Apple stock is normally good because they profit and profit big time from the large amount of markup that they apply to nearly everything they sell. Hell, they only have one computer product that is sub-$1000. So here is the rub. If they release new macbooks and cut them under $1000 then they are taking a big chunk out of their profit. That pushes that line to be a long term line. Being as it is the most popular line of computer product they sell, that won’t fly. If they release them at too much of a price jump then people just won’t buy them right now. Juniper isn’t cutting credit even for people who have relatively normal to above normal credit and a decent job (ex. me). Most people are going to be hesitant dropping $1k+ on laptops right now. Especially when they don’t even know if they will have a bank account the next day.

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