Today AAPL was up while the rest of the market was down, perhaps because MSFT announced 5,000 job cuts over the next 18 months, a worse-than-expected 11% drop in fiscal second-quarter earnings and pulled its view for the year.
Also happened to read the fortune blog on the "Apple" doctrine. Basically in a conference call the temporary CEO of Apple set the tone for where the management want to take the company; striving to create electronic devices that sacrifice nothing to achieve form and function.
http://gowest.blogs.fortune.cnn.com/200 ... -at-apple/
I thought it was an interesting read because in a way its kinda like the Gottlieb Daimler's (founder of mercedes benz) who wanted "nothing but the best" and built a world class company and brand.
I figure with the economy what it is, world class companies that have conservative fiscal management and build quality products which combine form, function and durability will come out of this economic storm in very dominant positions.
I just thought I'd bring this up because I see parallels between what Apple looked like prior to the return of Steve Jobs as CEO and the the state of the US government and economy.
Back then Apple had lackluster product lines, the company company was bleeding cash and the management didn't have focus or discipline. Doesn't that kinda sound like the general state of the USA which has a tarnish brand but lots of potential, needs to clean up the utter fiscal mismanagement, impose discipline in unsustainable social programs (specifically medicare and medicade), and improve its international relationships (which is much akin to customer service).
A decade ago AAPL could be bought on the cheap, and even though AAPL is significantly down from its high, the company has lots of cash on hand and a simplified product line that has great consumer demand because it ignores useless bells and whistles.
Looking at how Obama is approaching the problem of how to govern, I can't help but wonder if he like Steve Jobs, should not be looked at as turnaround artists who bring discipline and vision to organizations that were run into the ground by prior management that really phucked things up!