That is not question - when assessing the business prospects of Apple's Boot Campannouncement. Ever since the birth of the PC, PC users have bought Wintel machines which were cheap while Mac users have bought Apple machines which were expensive. To put it crudely, Apple machines were the rich people's PC while PC machines were the poor people's PC (for the unwashed masses). There was a deep segmentation in the customer base, because frankly, the Apple machines have almost always commanded a premium of 30-50% above Wintel machines.
This is not the first time that Apple has tried to create interoperability with Windows. Virtual PC has existed for years, and has never really taken off, even after being absorbed by Microsoft (and perhaps because of it).
So, when I read the announcement that Macs can now run windows, my first reaction is that this announcement is not going to spontaneously create a bunch of rich people over night. That really is the truth of it. Apple has a low market share in desktops because of its price. If it were serious about raising market share, it needs to cut prices. When the Mac mini drops from $599 to $199, you will know it is time to pounce. If Apple can achieve that goal, then Boot Camp will really be something - rather than a nice PR stunt. Mr Wave Theory
"In Atlanta, an online ad offers a room in exchange for "sex and light office duty." In Los Angeles, a one-bedroom pool house is free "to a girl that is skilled and willing." And in New York City, a $700-a-month room is available at a discount to a fit female willing to provide sex."
If you blog about politics, you must register with the government. What a neat way to encourage the growth of the marketplace of ideas! In the effort to ensure the election of the incumbent candidate, the government pulls all stops. I guess it works for them. This is my favorite line.
"The Singaporean government yesterday reiterated that citizens who post political commentary on the web during the country's upcoming general election can face prosecution."
I have been trolling around on Yahoo! Finance for years, ever since it started. Yahoo! Finance delivered the promise of the Internet in 3 different ways. And today, it finally delivered another!
I would say these were the 3 things that Yahoo! Finance pioneered.
1) Yahoo! made it easy to get a stock quote. The first feature that got me hooked was how easy it was to get a stock quote online. Before Yahoo, it used to be that I had to wait for the morning paper to get my quotes. After Yahoo, I just plugged it in and got it. Voila! Yahoo made my life easier online.
2)Yahoo! made it easy to get news and financial information about companies. I don't know how you did your research before Yahoo! I know I remember how I did it. I called the broker, and sometime in the evening, when they got to it, they would fax me a copy of their house research on the company I was interested in. Back in the mid-90s, I remember that it took several days before my broker got me research on Yahoo! Boy was I glad that Yahoo! came along! Today, I use Yahoo! before going to my broker. Yahoo, you have replaced my broker!
3) Yahoo made it easy to track my portfolio. The feature I think that is best about Yahoo is that I can enter all my stocks into the portfolio. I think you can probably enter several hundred symbols into a stock portfolio because I have rarely run into any limits. That's great. Very convenient.
Today, Yahoo launched the new message board features. I want to say Thank You Yahoo! because now it is so much easier to track conversations on Yahoo! Finance. I cannot tell you how hard it was to track message threads using the old Yahoo! boards. It was serial processing going through message after message to finally stumble upon the conversation you were interested in. Now, it is parallel. Keep the innovation coming!
I'd like a show of hands of people who think that a company with less than $20 million in revenues is worth $2 billion. Please raise your hands. Yes. You in the back, wearing the pin-striped suit.
I could not believe it when I heard that figure mentioned as I am sure of anyone with a sane mind. Let's put things into perspective. FaceBook may be cool, but the traffic data shows that the site is not all that hot. Look no further than this graphic which shows that traffic has all but stalled at the uber site for college students.
If the hyper growth of FaceBook were the reason for its high valuation, then investors should be more than a little suspect of the true value of this company whose traditional metrics of valuation (such as let us not forget, P/E, P/Sales, free cash flow) are so out of wack as to make any student of investing question why they don't teach the metrics of the new economy in school. I think you know the answer why!?!
Thus, I beg anyone with a sane mind to question why this company is worth $2 billion, especially when this number is no longer just being passed around the rumor mill, but has actually made it to the front page of the WSJ.