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 TMO Headlines - Updated August 25th

Thu, 12:22 PM
Three Ways to Free Up Space on your iPhone and Remove Old App Data
Thu, 11:48 AM
Adam West and Burt Ward Return for Batman '66 Animated Movie
Thu, 11:08 AM
Apple Music Festival Starts Sept 18 with Elton John
Thu, 11:00 AM
TMO Daily Observations 2016-08-25: Interview with Ruby Calling's Jean MacDonald
Thu, 9:23 AM
OS X: Opening an App When You Log In
Wed, 9:46 PM
What You Need to Know about the U.S. Defending Apple's European Taxes
Wed, 6:01 PM
ACM 374: The Apple Narrative, Music Industry Directives, and Samsung's Spoiled Milk
Wed, 2:45 PM
Zus MFi-Certified Kevlar Lightning Cable: $19.99
Wed, 2:31 PM
Siri and Apple's Machine Learning Are About to Get a Lot Better
Wed, 12:56 PM
Obduction, Myst's Spiritual Successor, is now Available
Wed, 11:00 AM
TMO Daily Observations 2016-08-24: Interview with Andrew Tokuda, aka Digital Droo
Wed, 8:00 AM
Checking Your 'Find My Mac' Status (And Why You Might Need To!)
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!