Next week is all about Apple. On March 4th, AAPL has its annual stockholder’s meeting. Then, two days later, Apple is hosting a special media event to unveil the new iPhone SDK (software developer’s kit). Words like “enterprise” and “Outlook Exchange” are being bantered about within the media as we speak, but the press invitation (as I understand it) appears to be pretty cryptic as the company just mentions that the event will be about some “exciting new enterprise features”. You have to give a hand to Apple; they sure know how to create a buzz. How this all plays out is going to be interesting and I am expecting some real volatility in the stock price next week.
The Shareholders Meeting should be interesting in that investors have seen a 40% decline in the company’s share price this year to date and they will want reassurance that the ship is in good shape. How the company handles this exchange will be very important.
Then on the 6th, the media event, which I assume will be reported on CNBC will get the faithful blog believers in a frenzy driving a buzz of expectations that may be hard to top. However, providing meaningful business applications on the iPhone like Outlook opens a whole
Therefore, I am holding those underwater AAPL calls hoping to make lemonade out what has simply been a very poor series of options trading on my part.
P.S. Steve Job's email to employees last month says it all: "I continue to believe that our fundamentals--our remarkable people, our clear and focused strategy, our new product pipeline, our 200+ retail stores, our $18 billion of cash in the bank with no debt, etc., will serve us well in the coming months and years....investors who stay with us will be rewarded as the market's confidence is restored over time. Hang in there."
No comments:
Post a Comment