This is the same Wells Fargo that received $25bn in taxpayer money via TARP. When Apple is taking taxpayer money to stay afloat, Wells Fargo can comment. Until then...
This is the same Wells Fargo that received $25bn in taxpayer money via TARP. When Apple is taking taxpayer money to stay afloat, Wells Fargo can comment. Until then...
My understanding is that is was forced on them. Btw who wouldn't benefit from additional liquidity?
The banks agreed to take it mutually, to avoid any being targeted for a run or short-selling - but when you look at when banks actually paid it back, you'll get a sense of who really needed it even if they didn't think so at the time. Personally I think of all them 'needed' it to avoid a liquidity freeze in the system, which is why it was offered in the first place. Many people (including my colleagues) might disagree.
My first comment was tongue-in-cheek anyway... it just seems rich some of these finance companies passing judgement on tech companies, which are often far better run as financial institutions.
My first comment was tongue-in-cheek anyway... it just seems rich some of these finance companies passing judgement on tech companies, which are often far better run as financial institutions.
Really? They think somebody is going to make a lot of money selling internet-connected washer/driers?
All the phases are just things we already have with a wifi antenna stuck on them.
I felt this report showed a lack of imagination. I predict Wells Fargo will be backpedaling frantically as Apple knocks it out of the park not in Phase Five, but over the course of 2014.
Analysts are better at hindsight than foresight. Maybe they should stick to that and stare at their own asses all day.
Analysts are better at hindsight than foresight. Maybe they should stick to that and stare at their own asses all day.
Wells Fargo and JP Morgan have recently been handed their asses for not being able to perform up to their own projections of their own businesses. It takes some balls to go out and talk smack about other companies.
Um's main point shouldn't go unchallenged. He's suggesting that Apple sell out its users to third parties (excuse me, "provide access") as part of its next critical growth stage. In other words, be like Google.
Dammit, Um, it's about ethics. Can you try to remember that?
Ethics and Banking parted ways several decades ago. I know it sounds like he's saying Apple should be like Google, but he's really suggesting Apple should sell it's customer's date like a bank does...
They make these phony predictions to influence the direction of the stock. There is no penalty attached to such bloviation.
I was going to link a wall street journal article showing where they (Wells Fargo) have been sued over misconduct, but it's behind a pay wall. You can find it via google if you're interested.
Comments
Really? They think somebody is going to make a lot of money selling internet-connected washer/driers?
This is the same Wells Fargo that received $25bn in taxpayer money via TARP. When Apple is taking taxpayer money to stay afloat, Wells Fargo can comment. Until then...
They didn't need it.
Well that does it. I am closing my Wells Fargo accounts and refinancing my mortgage with someone else!
/s
They didn't need it.
No, neither did half a dozen other banks who took it (including the one I work for). But they benefited from the additional liquidity.
My understanding is that is was forced on them. Btw who wouldn't benefit from additional liquidity?
My understanding is that is was forced on them. Btw who wouldn't benefit from additional liquidity?
The banks agreed to take it mutually, to avoid any being targeted for a run or short-selling - but when you look at when banks actually paid it back, you'll get a sense of who really needed it even if they didn't think so at the time. Personally I think of all them 'needed' it to avoid a liquidity freeze in the system, which is why it was offered in the first place. Many people (including my colleagues) might disagree.
My first comment was tongue-in-cheek anyway... it just seems rich some of these finance companies passing judgement on tech companies, which are often far better run as financial institutions.
It has rounded corners. Could it be the fabled Apple TV?
In that case I'm in total agreement.
Analysts are better at hindsight than foresight. Maybe they should stick to that and stare at their own asses all day.
Lol
Apple is akready ahead if competition in most of the issues he brough up.. Ahead by a wide margin
I thought it was:
Phase 4: ???
He is the 30th best Apple analyst, out of 40.
http://tech.fortune.cnn.com/2013/02/17/apple-analysts-earnings-smackdown/
Don't forget the connected toilet. If you forgot to flush you can do it from the other room.
Bill Gates is hard at work on the toilet issue... He knows his "shit" and that's a fact!
Analysts are better at hindsight than foresight. Maybe they should stick to that and stare at their own asses all day.
Wells Fargo and JP Morgan have recently been handed their asses for not being able to perform up to their own projections of their own businesses. It takes some balls to go out and talk smack about other companies.
It has rounded corners. Could it be the fabled Apple TV?
Too much bezel and not enough cow bell...
Um's main point shouldn't go unchallenged. He's suggesting that Apple sell out its users to third parties (excuse me, "provide access") as part of its next critical growth stage. In other words, be like Google.
Dammit, Um, it's about ethics. Can you try to remember that?
Ethics and Banking parted ways several decades ago. I know it sounds like he's saying Apple should be like Google, but he's really suggesting Apple should sell it's customer's date like a bank does...
They make these phony predictions to influence the direction of the stock. There is no penalty attached to such bloviation.
I was going to link a wall street journal article showing where they (Wells Fargo) have been sued over misconduct, but it's behind a pay wall. You can find it via google if you're interested.