“If you follow the Apple (AAPL) sell-side analysts long enough you get to know their hobbyhorses,” Philip Elmer-DeWitt reports for Fortune. “For Piper Jaffray’s Gene Munster it’s Apple television. For Bernstein’s Toni Sacconaghi it’s Apple’s cash hoard. For Global Equities’ Trip Chowdhry, it’s Jon Rubinstein.”
“Chowdhry wants Tim Cook out as Apple CEO and Jon Rubinstein in. And on this subject, Chowdhry is like a dog with a bone. He first raised the idea last summer and hasn’t let go,” P.E.D. reports. “Once more on Sunday, in a note that mentioned Rubinstein 19 times. The ‘converged view,’ he wrote, ‘is that Apple does not have the capability to understand the competition and lacks the vision and ability to deliver new products; Jon Rubinstein understands what needs to be done and has the ability to deliver.'”
Read more in the full article here.
MacDailyNews Take: Yes, Trip is aptly named.
Fire Tim Cook? Absurd. Cook has added $140 billion to Apple shareholder value since becoming CEO – March 19, 2014
Apple can’t replace Steve Jobs, but it must try or something – March 12, 2014