“Thursday, May 31st closed out the fifth month of an already interesting year in the equities market. Google is closing right around $500 and looks positioned to move past its old high of $513. Apple is closing in on another new 52 week and all-time high of $121. Apple and Google have distinguished themselves as the new leaders of the technology world: the horses to chase. They are now the two table setters and the rest are trying to catch these two race horses,” Georges Yared writes for SeekingAlpha.
“The 1980’s and 1990’s saw the mantle handed over to Cisco Systems, Microsoft, Dell and Oracle.The leaders at that time were IBM, HP and Xerox. The new leaders of Cisco, Microsoft, etc. companies posted up mega-growth year over year with innovative products and a hungry customer base. They collectively took advantage of a massive spending cycle by enterprises and governments. Other than Dell, who has major issues, the other three are back and growing at decent levels again. But the new leadership belongs to Google and Apple,” Yared writes.
Full article here.
We guess one can describe an undistinguished, nondescript, dime-a-dozen Windows box assembler that no one off the payroll would miss if the company ceased to exist this afternoon – say Michael Dell sold the company and gave the money back to the shareholders – as having “major issues.” Pretty charitable. Overall, of course, Yared is correct: Apple and Google today are several lengths out front and pulling away.
I’m looking for a job.
We are hiring.
I’m looking for Jobs.
We are hiring too, our parent company has plenty of failing products for you to keep track of.
Well it seems Apple has finally emerged from “near death” and no longer needs the support of radical religious fanatics to keep it alive.
It was fun, all those years being the underdog, arguing processor strenghts and weaknesses, coming out on top sometimes.
But now it’s all over, we can relax and let the fringe element of the Mac consumer market fade away.
I’m bored, I need another cult product addiction.
I’m sorry.
I meant to say we are firing.
Yared gets it. I am long AAPL and, in addition, am scrambling to get all of my 401k money rolled over into an IRA account with access to AAPL. I will be filthy rich in not too many more years.
Does this mean the media will finally stop asking Gates & Ballmer what’s in store for the future? He’s the wrong guy and his company’s lackluster copycat products are proof. His prognostications have always been worthless, or at least a giggle.
::Moon Bang:: …I hope so Mr Bang, it is wondrous that the mass populous is beginning to awaken, unfortunately the frequency of Apple Lust looks like increasing (maybe thats a good thing)
or is that Ms Bang