Path: utzoo!utgpu!news-server.csri.toronto.edu!cs.utexas.edu!uwm.edu!ux1.cso.uiuc.edu!news.iastate.edu!vaxc.iastate.edu!TAAB5 From: taab5@isuvax.iastate.edu (Marc Barrett) Newsgroups: comp.sys.amiga.advocacy Subject: Re: The Amiga's Future Message-ID: <1991Jun10.104034.22207@news.iastate.edu> Date: 10 Jun 91 10:40:34 GMT References: <6678@vela.acs.oakland.edu> <1991Jun03.053144.3208@ariel.unm.edu> <1991Jun4.003619.3661@news.iastate.edu> <25233@well.sf.ca.us> <23@ryptyde.UUCP> <50144@ut-emx.uucp>,<11977@hub.ucsb.edu> Sender: news@news.iastate.edu (USENET News System) Reply-To: taab5@isuvax.iastate.edu Organization: Iowa State University, Ames, IA. Lines: 43 In article <11977@hub.ucsb.edu>, 6600dmx@ucsbuxa.ucsb.edu (Richard A. Boyd) writes: >In article <50144@ut-emx.uucp> awessels@ccwf.cc.utexas.edu (Allen Wessels) writes: > >>In article mykes@amiga0.SF-Bay.ORG (Mike Schwartz) writes: > >>>Is that why Apple's stock just dropped 33% in a couple of days and they reported >>>much poorer earnings than expected and laid off a bunch of people? Maybe they're >>>selling MORE printers than computers these days... > >>Nope, Apple is selling more computers than ever. Unfortunately, stockholders >>aren't interested in long term businesses strategies. They see profit margins >>dropping and they sell stock. > >>Apple is sitting on a gigabuck in cash. It'll be a while before they're in >>serious trouble. > > > >Actually, Apple is already in some financial >trouble. There stock value is falling, their sales >are, in fact, down (despite their new "low-cost" >Macs). They are preparing to lay-off 1500 >employess. When companies start laying off people >it means that they are having a cash-flow problem or >some similar financial problem. The bottom line: >Apple is losing it. Also, I believe they are no >now being sued. Actually, it is profits that are down, and not sales. According to CNN, CBS, and Business Week, Apple's sales are up 16% over last year, however all of these increased sales are the new lower-cost systems. BTW, Commodore's stock is also dropping. It was as high as 21 3/4, but it has fallen to around 15. I don't feel at all sorry for the fools who actually bought that perpetually under-performing stock. ------------------------------------------------------------- / Marc Barrett -MB- | BITNET: XGR39@ISUVAX.BITNET / / ISU COM S Student | Internet: XGR39@CCVAX.IASTATE.EDU / ------------------------------------------------------------ \ The great thing about standards is that / \ there are so many of them to choose from. / -------------------------------------------------------