http://www.macnn.com/articles/02/06/19/apple:.'plenty/
Apple: 'plenty of value' despite no buyer
updated 11:50 pm EDT, Wed June 19, 2002
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CNN/Money contributing columnist Adam Lashinsky discusses the prospect of an investor (Sony, Dell, Disney, etc.) buying Apple for as little as $6 per share (given its $4 billion plus in cash reserves or about $11 per share): "The response by anyone who knows Apple: No way....For starters, Apple is run like a quasi-private company. To its credit. CEO Jobs, the largest single shareholder, owns only 5.85 percent of the shares, according to the company's most recent proxy statement. But he holds an effective veto on any major transaction that wouldn't be to his liking."
Fresh-Faced Recruit
Joined: Jul 2001
Apple is a great company
with wonderful products, a terrific team, lots of great ideas. But the stock sucks. The executive brass are simply not experienced with the Wall Street game. They don't know how to push the value of the company to institutional investors. In order for Apple's products to succeed in enterprise markets it's going to take a lot more than great products.
All enterprise transactions are done from a political standpoint: the people who control the corporation's money want to make sure they get it back in their own pocket. What better way then to devise an Amazon- or Microsoft-like pyramid scheme, in which the returns for Apple technology investments are returned in the stock?
Hire some crooks, Apple- you're not playing the investment community right. My strategy may sound crazy, but 'think different'. The biggest companies become so because of their stock, not because of their products.