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Apple CEO Tim Cook now slated to speak at Tuesday's GS conference during open market

post #1 of 49
Thread Starter 
A last minute change to the keynote speaker lineup for Goldman Sach?s tech conference on Tuesday has Apple CEO Tim Cook speaking as the U.S. stock market opens for trading rather than during his initially-scheduled slot following market close.

Tim Cook


The shift was made public Monday in an update to the investment bank's official agenda for the San Francisco, Calif-based conference. Cook is now slated to speak at 7:15 am PT/ 10:15 am ET rather than the previously scheduled 1:15 pm PT/ 4:15 pm ET slot that would see his comments arrive during after hours trading, following the conclusion of the day's regular trading session.

Apple's top brass have traditionally shied away from making material announcements during their appearances at non-Apple sponsored events, but the last minute scheduling change places Cook's comments square in the early morning trading session and will undoubtedly raise the eyebrows of industry-watchers who wonder whether Cook will use the forum to make some form of market-moving comments.

Generally speaking, Apple watchers have witnessed a pattern where Apple disclosures early in the day and week generally translate to positive news while those later in the week or after market have a higher risk of presenting downside for investors.

Like last year, Cook's presentation at the Goldman conference comes just days before Apple's annual shareholder meeting, a forum which has historically produced a bit more color on the company's ambitions and thinking than third-party keynote address.

This year, however, Apple and Cook find themselves under increased scrutiny from their investment community, which collectively lost tens of billions of dollars in equity on the back of disappointing first quarter results released last month.

With signs that Apple's bread-and-butter iPhone business is becoming vulnerable to the likes of Samsung and its own smartphone portfolio, analysts are now more than ever unified in their appeals for additional transparency on the direction the company plans to take to stem the encroachment and continue to grow the segment worldwide.

Additionally, analysts and investors alike are frustrated with Apple's use of capital amid the increase in competition, with one large hedge fund manager going as far as to sue the company over the use -- or lack thereof -- of its $137 billion and growing cash hoard.

Like last year, Apple will provide an audio stream of Cook's keynote speech through its investor website. At last year's conference, Cook talked supplier working conditions, iPad penetration, competitive pricing, cannibalization, iCloud, the company's balance sheet, and a vow 'not to permit the slow undoing of Apple.'
post #2 of 49
Did he speak last year? I certainly haven't seen any video, or heard any podcast. Anything available?

Someone else spoke just now: Elop of Nokia, supposedly saying "With a clear strategy, the fighting spirit of the people of Finland will be brought to bear."

When I looked at the pic I thought they were talking about either smartphone market share or profit:

Edited by PhilBoogie - 2/11/13 at 9:56am
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post #3 of 49

This smells a little too bean-counterish for my tastes. 

post #4 of 49
He did the same thing last year I'm pretty sure.
post #5 of 49
I hope he gets up there and reams all those selfish investors who think they own Apple and Apple's only reason for being around is to make them money. Apple makes products first and foremost and that's what he needs to say. The money they make is because of their products not because of some crazy hedge fund person. If Apple didn't make good products, they wouldn't have any money for investors in the first place. There are plenty of investors, including huge ones, that understand this, it's only those crazy maniacs who are trying to squeeze every penny out of a company before moving on to the next one.
post #6 of 49
This seems like a tactical move on Apple's part.
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post #7 of 49
Quote:
Originally Posted by PhilBoogie View Post

Did he speak last year? I certainly haven't seen any video, or heard any podcast. Anything available?

Someone else spoke just now: Elop of Nokia, supposedly saying "With a clear strategy, the fighting spirit of the people of Finland will be brought to bear."

When I looked at the pic I thought they were talking about either smartphone market share or profit:

Lol - Ballmers either laughing or more likely praying.

post #8 of 49
Originally Posted by Quadra 610 View Post
This smells a little too bean-counterish for my tastes. 

 

He may have to do this with the recent lawsuit and whatever else.

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post #9 of 49
Quote:
Originally Posted by RobM View Post

Lol - Ballmers either laughing or more likely praying.

Ballmer doesn't need to pray, he makes hundreds of million of dollars a year in dividends alone.
post #10 of 49
Quote:
Originally Posted by rob53 View Post

I hope he gets up there and reams all those selfish investors who think they own Apple and Apple's only reason for being around is to make them money. Apple makes products first and foremost and that's what he needs to say. The money they make is because of their products not because of some crazy hedge fund person. If Apple didn't make good products, they wouldn't have any money for investors in the first place. There are plenty of investors, including huge ones, that understand this, it's only those crazy maniacs who are trying to squeeze every penny out of a company before moving on to the next one.

 

The stockholders DO OWN Apple.  How many times does it need to be said.

 

And Apple's only goal is not just to make great products.  If all they cared about was making great products why do they charge the highest margins in the industry?  If all they cared about was making great products for the world to use they would sell them at a thinner margin so more people can buy them.  It is utter rubbish to think that the world's most valuable company should not be concerned about shareholder value. Flat out ridiculous.  Apple is not a non-for profit organization.

post #11 of 49
He's not going to say anything substantial. He's going to look at the analysts and flip them off. He's also going to emphasis record iPad and iPhone sales, reiterate the most profitable year in human history, and says Apple will invest its cash where it sees fit: stock buy backs, investments, acquisitions.
post #12 of 49
Originally Posted by sog35 View Post

If all they cared about was making great products for the world to use they would sell them at a thinner margin so more people can buy them.

 

Or maybe they care about being able to make enough so that people can buy them at current prices.

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post #13 of 49

As I learned in business class, the purpose of a for-profit corporation is to "increase shareholder wealth".  So while Apple is very strong with their cause and mission to build great products... the reason you become a public company is to increase shareholder wealth.  Being an entrepreneur, I started a business and we had a few partners (shareholders).  Over time the ideals of the business were quickly removed to just "increase shareholder wealth".  The trouble is that many companies lose their way when they only chase after money, or only look in the short term.  The reason why investors are upset is that they don't have vision past their wallets. Apple is successfully increasing shareholder wealth (more than any other company), so these investors need to chill out and let Apple do what they do... either that or sell your shares and find a better performing company elsewhere.

post #14 of 49
Quote:
Originally Posted by rob53 View Post

I hope he gets up there and reams all those selfish investors who think they own Apple and Apple's only reason for being around is to make them money. Apple makes products first and foremost and that's what he needs to say. The money they make is because of their products not because of some crazy hedge fund person. If Apple didn't make good products, they wouldn't have any money for investors in the first place. There are plenty of investors, including huge ones, that understand this, it's only those crazy maniacs who are trying to squeeze every penny out of a company before moving on to the next one.

 

Maybe if they weren't getting destroyed by the competition and coming up with recycled garbage every 3 quarters investors wouldn't be b!tching about AAPL letting their growing cash pile rot for nothing.  Of course if you don't own AAPL you wouldn't give a rats, but those who do...

 

And I don't own AAPL. 

post #15 of 49
Quote:
Originally Posted by PhilBoogie View Post

Did he speak last year? I certainly haven't seen any video, or heard any podcast. Anything available?

Yes. Apple did a live webcast of his presentation at the same GS tech conference last year, tho it was at 3:30PM ET rather than at the opening.

 

EDIT: If you go to 9to5 they have a link today to his speech from last year.

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post #16 of 49
I wonder if it is a strategy to limit the market figuring things out in low-volume after market trades, especially in a major options expiration week.

Nice seeing AAPL recover some... would be nicer to see it at $700 though...
post #17 of 49
Quote:
Originally Posted by rob53 View Post

I hope he gets up there and reams all those selfish investors who think they own Apple and Apple's only reason for being around is to make them money. 

 

The whole point of investing is to make money. What an outlandish idea!

 

Apple makes the best products around, but if I put some of my money into Apple, it's not because I'm being generous and I like throwing money around, it's because I'm looking to make a return on that investment.

post #18 of 49
Quote:
Originally Posted by Quadra 610 View Post

This smells a little too bean-counterish for my tastes. 

I'm glad Cook is doing this.  Being über secretive isn't doing Apple any good these days. Might have worked when Jobs was CEO or when they weren't the most valuable company in the world.  But it doesn't work any more.

post #19 of 49
Quote:
Originally Posted by KingChael View Post

 

Maybe if they weren't getting destroyed by the competition and coming up with recycled garbage every 3 quarters investors wouldn't be b!tching about AAPL letting their growing cash pile rot for nothing.  Of course if you don't own AAPL you wouldn't give a rats, but those who do...

 

And I don't own AAPL. 

Haha....yeah right.

post #20 of 49
Quote:
Originally Posted by Gatorguy View Post

If you go to 9to5 they have a link today to his speech from last year.

Thanks for the info, I appreciate it.

This website, 9to5, has got the be the winner of poor design. It is a downright insult of anyone's intelligence, for them to have you think that is a website. That web designer ought to find another profession. Skip that, ought to find A profession.
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post #21 of 49
Quote:
Originally Posted by jkichline View Post

As I learned in business class, the purpose of a for-profit corporation is to "increase shareholder wealth".  So while Apple is very strong with their cause and mission to build great products... the reason you become a public company is to increase shareholder wealth.  Being an entrepreneur, I started a business and we had a few partners (shareholders).  Over time the ideals of the business were quickly removed to just "increase shareholder wealth".  The trouble is that many companies lose their way when they only chase after money, or only look in the short term.  The reason why investors are upset is that they don't have vision past their wallets. Apple is successfully increasing shareholder wealth (more than any other company), so these investors need to chill out and let Apple do what they do... either that or sell your shares and find a better performing company elsewhere.

 

A corporation goes public to raise capital in order to grow, not to 'increase shareholder wealth'. Shareholders do hope that their investment will reap rewards with regards to reselling their shares or in dividends. If increasing shareholder wealth becomes the primary aim of the corporation, I predict that it will fail due to mismanagement or because a more forward thinking company makes it obsolete. 

post #22 of 49
Quote:
Originally Posted by Rogifan View Post

I'm glad Cook is doing this.  Being über secretive isn't doing Apple any good these days. Might have worked when Jobs was CEO or when they weren't the most valuable company in the world.  But it doesn't work any more.


Jobs would have called a press conference and told the market to take care of itself, even with Apple's current value. Just make great stuff. Why is everyone panicking now? All this 'competition' existed even in 2011. People need to chill.

Not being uber secretive definitely ruined the iPhone 5 & iPad Mini hype. And expectations. And then the damn market. Wish things go back to those old days.

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post #23 of 49
Quote:
Originally Posted by KingChael View Post

 

Maybe if they weren't getting destroyed by the competition and coming up with recycled garbage every 3 quarters...

 

 

Aaaaaand then everyone stopped reading.

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post #24 of 49
Quote:
Originally Posted by Rogifan View Post

I'm glad Cook is doing this.  Being über secretive isn't doing Apple any good these days. Might have worked when Jobs was CEO or when they weren't the most valuable company in the world.  But it doesn't work any more.

 

 

:(

 

*sigh*

 

Yeah, you're probably right. Though I really don't know what to think anymore. Other than the fact that the folks whom Cook feels compelled to answer to are the very ones that need to have as little say in company operations as possible. 

post #25 of 49
Quote:
Originally Posted by Quadra 610 View Post

 

 

:(

 

*sigh*

 

Yeah, you're probably right. Though I really don't know what to think anymore. Other than the fact that the folks whom Cook feels compelled to answer to are the very ones that need to have as little say in company operations as possible. 

 

No one's telling Cook or apple what type of products to make.

 

All they are saying is return a portion of the $140Billion that they will never spend to the investors.

post #26 of 49
Quote:
Originally Posted by KingChael View Post

 

Maybe if they weren't getting destroyed by the competition and coming up with recycled garbage every 3 quarters investors wouldn't be b!tching about AAPL letting their growing cash pile rot for nothing.  Of course if you don't own AAPL you wouldn't give a rats, but those who do...

 

And I don't own AAPL. 

DISCLAIMER: I don't see an "/s" tag in the above post!

 

That makes perfect sense - Apple is getting destroyed by the competition, they're putting up garbage products YET they're having a growing cash pile!  That's right, people are upset because Apple is apparently making money out of thin air - and that somehow is a bad thing ?!?  How are people this retarded allowed to post on blogs?  Somebody must have forgot to log out of their account at the psych ward!

post #27 of 49
We've updated Mac Pros!
post #28 of 49
Originally Posted by Rogifan View Post
Being über secretive isn't doing Apple any good these days. Might have worked when Jobs was CEO or when they weren't the most valuable company in the world.  But it doesn't work any more.

 

We should have a monthly Best Joke Post thread and do voting. This would make the top five.


Originally Posted by netrox View Post
We've updated Mac Pros!
 

To chips that will be outdated in just a few more months!

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post #29 of 49
Quote:
Originally Posted by KingChael View Post

Maybe if they weren't getting destroyed by the competition and coming up with recycled garbage every 3 quarters investors wouldn't be b!tching about AAPL letting their growing cash pile rot for nothing.  Of course if you don't own AAPL you wouldn't give a rats, but those who do...

And I don't own AAPL. 

If having 70% of the mobile profits, #1 selling phone, and dominance in the tablet space is getting destroyed then I wish I was destroyed that badly as well.
post #30 of 49
Quote:
Originally Posted by spacerays View Post

Not being uber secretive definitely ruined the iPhone 5 & iPad Mini hype. And expectations. And then the damn market. Wish things go back to those old days.

No, that happened in spite of Apple's secrecy.  The stories last year were Apple is being as secretive as ever in Cupertino but the the leaks aren't coming from Corporate, they're coming from Asia.

post #31 of 49
Quote:
Originally Posted by Quadra 610 View Post

 

 

:(

 

*sigh*

 

Yeah, you're probably right. Though I really don't know what to think anymore. Other than the fact that the folks whom Cook feels compelled to answer to are the very ones that need to have as little say in company operations as possible. 

I guess I have more faith in Cook and the rest of the leadership team.  If they really were taking their marching orders from Wall Street we'd have a 5" phone, 6" phablet and the iPad mini would've been a cheap plastic $200 tablet.

post #32 of 49
Quote:
Originally Posted by rob53 View Post

I hope he gets up there and reams all those selfish investors who think they own Apple and Apple's only reason for being around is to make them money. Apple makes products first and foremost and that's what he needs to say. The money they make is because of their products not because of some crazy hedge fund person. If Apple didn't make good products, they wouldn't have any money for investors in the first place. There are plenty of investors, including huge ones, that understand this, it's only those crazy maniacs who are trying to squeeze every penny out of a company before moving on to the next one.
post #33 of 49
As one of those investors, and a small one at that allow me this. Apples stock doubled in the first quarter last year, then leveled off for the second quarter, followed by a drop in value of ridiculous proportions. 100 shares lost nearly $30,000.00 in value. Not because the products got bad, but because of management screw ups! If it were any other company on the planet investors would be screaming for Cooks head! He had little to do with the price rise and a ton to do with its fall. He is the former head of operations, yet as CEO it's the operations side that's killing the stock value. Bad PR about working conditions, constant production pipeline problems. The iPhone was almost 2 months late actually getting to store shelves, the iMac 27 inch still isn't out. That's crap! Have they fixed maps yet? What happens tomorrow? This management team has cost the share holders an iPad mini per share... Or about the equivalent of 21 MacBook pros per 100 shares this fall. You take a hit like that with out being mad!
post #34 of 49
Quote:
Originally Posted by jungmark View Post

He's not going to say anything substantial. He's going to look at the analysts and flip them off. He's also going to emphasis record iPad and iPhone sales, reiterate the most profitable year in human history, and says Apple will invest its cash where it sees fit: stock buy backs, investments, acquisitions.
post #35 of 49
What investments? About 100 billion of that cash is sitting in the caymans making next to no interest, just avoiding taxes!
post #36 of 49
Mr cook make everyone happy, use that 100 billion to quit outsourcing and build your own apple owned and controlled manufacturing plants. Maybe you could actually build a couple in the US just like you keep hinting about! Then you can again control information flow, production pipeline problems aren't out of your hands, and investors will see some Capitol growth!
post #37 of 49
Originally Posted by CurtB2 View Post
About 100 billion of that cash is sitting in the caymans…

 

Hmm. Citation?


…just avoiding taxes!

 

Don't start that again.

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post #38 of 49
Quote:
Originally Posted by CurtB2 View Post

What investments? About 100 billion of that cash is sitting in the caymans making next to no interest, just avoiding taxes!

 

if you were an investor, you would have seen in the SEC filing, most of the "cash" is in investments.

 

Quote:
Originally Posted by CurtB2 View Post

As one of those investors, and a small one at that allow me this. Apples stock doubled in the first quarter last year, then leveled off for the second quarter, followed by a drop in value of ridiculous proportions. 100 shares lost nearly $30,000.00 in value. Not because the products got bad, but because of management screw ups! If it were any other company on the planet investors would be screaming for Cooks head! He had little to do with the price rise and a ton to do with its fall. He is the former head of operations, yet as CEO it's the operations side that's killing the stock value. Bad PR about working conditions, constant production pipeline problems. The iPhone was almost 2 months late actually getting to store shelves, the iMac 27 inch still isn't out. That's crap! Have they fixed maps yet? What happens tomorrow? This management team has cost the share holders an iPad mini per share... Or about the equivalent of 21 MacBook pros per 100 shares this fall. You take a hit like that with out being mad!

 

if you were an investor, you would see that the stock price has increased 80+ pts since Cook took over. Operations isn't killing AAPL. Manipulative stock analysts are with unrealistic expectations and bogus rumors like the rumor of 65MM LCD orders for the March qtr was cut in half. Why on Earth would they order that many when they never even sold 50MM iphones in a qtr.

 

Bad PR about working conditions? If you bother to read, they are one of the only (if not only) companies who audit its manufacturers. In addition, you'll find out that Apple treats its third party workers better than any other company. Plus, the working conditions sprang up in Jobs tenure.

 

The iphone was 2 months late? according to who? Apple releases its product when it feels it's damn good and ready.

 

Maps? How long did Google maps take to fix. Google had me taking an illegal left turn for six years. Oh and that's after crossing 5 lanes of traffic and crossing over a median.

 

Full disclosure: i'm long on AAPL since 2005.

post #39 of 49
Quote:
Originally Posted by AppleInsider 
Apple and Cook find themselves under increased scrutiny from their investment community, which collectively lost tens of billions of dollars in equity on the back of disappointing first quarter results released last month.

That should be reworded to say that the investment community lost tens of billions on the back of either Apple's initial valuation by them being too high or their current valuation of them being too low. Either way, the fault is with the investment community.
Quote:
Originally Posted by sog35 
It is utter rubbish to think that the world's most valuable company should not be concerned about shareholder value. Flat out ridiculous. Apple is not a non-for profit organization.

I don't know in what universe $13b profit in a single quarter is considered to be a bad thing and even the mention of non-profit is ludicrous. Businesses are shutting down all over the place and Apple is making more money than everyone:

http://appleinsider.com/articles/13/02/07/apples-disappointing-quarter-still-outperforms-the-most-profitable-us-companies

Let that sink in:

Apple makes more profit than anyone in the world
Apple makes more profit than anyone in the world
Apple makes more profit than anyone in the world

How do you go from that to suggesting they are non-profit? The stock price values clearly aren't tied to what the company does. The stock price can drop way further down but it doesn't mean anything about Apple's performance. It's only a measure of how people perceive Apple is doing and from the repeated use of the word 'disappointing', I'd say that measure is pretty messed up.

They didn't increase their profit vastly over last year but how high can they possibly go? You can't fault someone for only being number 1. Do people expect Apple to double the profits of Exxon Mobil?

Reality has to set in here at some point as people realise that our monetary system is a closed system. Money just gets moved around. It's simply not possible for Apple to grow in an unlimited way unless more money gets printed, more jobs are made and more people can afford more things. When they hit that inevitable limit inherent in the system, it's nuts to suggest they aren't doing a good enough job for only managing to do better than everyone else but failing to meet arbitrary expectations.

So yes, Tim Cook needs to tell stockholders to go f* themselves. If they want to drive down their valuation of the most profitable company in the world, let them go ahead and do it. It's not Apple controlling that.
post #40 of 49
Quote:
Originally Posted by CurtB2 View Post

As one of those investors, and a small one at that allow me this. Apples stock doubled in the first quarter last year, then leveled off for the second quarter, followed by a drop in value of ridiculous proportions. 100 shares lost nearly $30,000.00 in value. Not because the products got bad, but because of management screw ups! If it were any other company on the planet investors would be screaming for Cooks head! He had little to do with the price rise and a ton to do with its fall. He is the former head of operations, yet as CEO it's the operations side that's killing the stock value. Bad PR about working conditions, constant production pipeline problems. The iPhone was almost 2 months late actually getting to store shelves, the iMac 27 inch still isn't out. That's crap! Have they fixed maps yet? What happens tomorrow? This management team has cost the share holders an iPad mini per share... Or about the equivalent of 21 MacBook pros per 100 shares this fall. You take a hit like that with out being mad!

 

What a moronic rant, absent even a shred of real fact or reason. What management screw ups? Bad PR about working conditions is Cook's fault, how? Did Apple start manufacyuring in China after Steve Jobs died? That situation was handled in the best way possible, the fact of the matter is that no other company has BETTER working conditions in China, yet noone gives a shit. The negative PR was just anti-Apple hot-air that naturally got media traction.

 

The iPhone was 2 months late? Oh, I had no idea they actually set a release date and then delayed it! I must have missed that one. As far as I recall, it was released exactly when they said it would, and it sold more and faster than any other iPhone in history, while having the most expansive global launch of any iPhone. Yes, the 27" iMac clearly had production issues, but that product is an exception, not a trend. The fact of the matter is that Apple is selling more product than it ever has been, and it's bumping into issues directly related to those massive numbers. 

 

Have they "fixed maps yet"? What the hell does that even mean? Yeah, I heard it's getting "fixed" on Wednesday. You know, Apple's gonna add a line of code to "fix" it. It's not like maps is a massive endeavor of unprecedented scale, combining data from dozens of companies which includes an ever changing database of hundreds of millions of roads, points of interest, etc or anything. Something tells me you haven't even used maps, you're simply a 2 bit Apple troll. I use maps everyday and it hasnt failed me yet. There's no "fix", it will get slightly better everyday, as any person with a shred of common sense would realize.

 

Stop trolling. I don't see who could have done a better job than Cook, Apple has had a ton of successes and great launches last year, and small issues have all been sensationalized because of the anti-apple click whore media.   

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