The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Bulls and Bears Size up Mr. Jobs and Tuesday's Event

Bulls and Bears Size up Mr. Jobs and Tuesday's Event

by , 1:50 PM EDT, September 10th, 2008

There are mixed reactions to Tuesday's "Let's Rock" event by investment analysts. While the rumor mill had already identified most of the product news, and the event wasn't considered electric, most analysts looked past that on Wednesday morning to size up Apple's holiday prospects as good, according to Barron's. However, there were a few naysayers.

Several of the analysts described Mr. Jobs as energetic and "underweight but vigorous."

The majority of the analysts who weighed on Wednesday morning remained buyers. For example, Charlie Wolf with Needham & Co. said, "We would rate the event a material positive because it did address the issue of Steve Jobs' health and it did deliver a crucial software update for the iPhone insuring that sales of the device would not be impacted by the sporadic reports of its deficiencies."

In an interview with CNBC's Jim Goldman after the event, Mr. Jobs mentioned that the iPhone 2.1 Update, due Friday, will have a significant number of fixes. Some analysts saw that as critical, and some dismissed it. [Mr. Goldman's interview also appeared to put the issue of Mr. Jobs' health, finally, to rest.]

However, amongst the analysts, there were some skeptics: Samuel Wilson (JMP Securities), Tavis McCourt (Morgan Keegan) and Tom Smith (Standard & Poor's). Mr. Wilson disagreed with, for example Shaw Wu, and believed that the world macroeconomic situation will make it difficult for Apple to obtain high growth rates.

Recent Headlines - Updated July 30th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Mon,10:42 PM
Google Brings Higher Resolution Satellite Imagery to Google Earth and Maps
9:10 PM
Google Bloks Will Offer Kids Hands-On, Collaborative Programming Concepts
8:44 PM
PRE-SALE: The Complete iOS 10 Developer Course at $29
5:15 PM
Game Foul: Ford Dealership Steals Firewatch Art
5:04 PM
TMO Background Mode: Interview With Symply Co-founder and President Alex Grossman
3:20 PM
iPhone 7 Sans Headphone Jack: The Debate Continues
1:58 PM
TMO Daily Observations 2016-06-27: AAPL, Brexit, Google Blocks
11:58 AM
Google Ready to Try Apple’s Tactics with New Smartphone
9:33 AM
Apple gets its Rainbow on for SF Pride Parade
Sun,12:18 PM
MGG 611: Troubleshoot & Resolve Your Mac & Apple Issues
Fri,7:00 PM
Apple Kills the Thunderbolt Display - Will the Mac Pro Be Next?
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!