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Subject: Chin

Author:
Tony

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Date Posted: 12:59:06 01/15/09 Thu

I was actually suprised that it was only 4.5 myself. I was expecting double-digit percentage drop (I was guessing more like 10-15).

What this tells me is that, Jobs or not, Apple's price is not factoring in a lot of future earnings right now. My guess with AAPL now is that it will underperform the market because it's stock price is not inflated. If AAPL paid dividends, one could really consider it a blue chip these days. They have the market segment, especially in cell phones, to support it. But without any guaranteed return, and without Jobs, I would question Apple's ability to grow like it used to.

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