NEW YORK (TheStreet) -- The media met Microsoft's (MSFT) Surface tablet announcement and details on the cross-platform Windows 8 operating system with little more than childish retorts. That's because the media is blinded by Apple (AAPL) lust.
In the countless reports issued on Microsoft since the tablet announcement and Windows 8 event, the following themes dominate the headlines:
- Microsoft screws hardware partners.
Early Nokia (NOK) Lumia adopters got the shaft.
Let us not forget the slew of stories, including one from TheStreet's Anton Wahlman, telling Microsoft how it can fix a device that few people have even used. That's almost as bad as the whack jobs who destine Apple's iTV to fail before they even know what it will be.
Usually when Apple does something bold or out of character, the media not only calls it shrewd, it assumes lap-dog position for the company. A double standard exists.Don't go the obvious route and label today's Apple as a continuation of Steve Jobs' "reality distortion field." It's not nearly as special, profound or sophisticated. In fact, this notion that Apple's brilliance can continue under Tim Cook portends considerable losses for investors who do not take profits in the stock while they have them.
Given the inane media/analyst reaction to Microsoft's recent moves, investors should, at the very least, take a walk to the shore, clear their collective heads and consider taking profits in AAPL and putting that money to work elsewhere. Repeat after me: AAPL is dead money. I used to be an Apple fist-pumper and chest-thumper. Even a frail Steve Jobs exuded cool at the company's conference when he chiding companies ranging from Research in Motion (RIMM) to Hewett Packard (HPQ) for pathetic imitations of Apple products. Jobs was right. Outside of social/new-media companies and a glut of imaginative start-ups, innovation died in the core of the tech sector, save Apple, over the last decade or so. Blackberry brands itself as "bold," but it does not act as if it is. The same goes for embarrassments such as HP and Dell (DELL). Why would the pundits expect Microsoft to stick to the soulless status quo set by these floundering companies? And why would they roundly criticize the company for shaking things up? This counters just about all reasonable thought. Succeed or fail, we should collectively cheer Microsoft for finally doing something that's actually different.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV