@jgpmolloy is it? I'm not overly familiar with him, but I feel that he's being mean and rude and obsessive.— jonny evans (@jonnyevans_cw) August 12, 2013And ...
@jgpmolloy yeah, it's the malicious tendency to it all upsets me...people just don't seem to simply think their own thoughts. Groupthink.— jonny evans (@jonnyevans_cw) August 12, 2013As the late, great and horribly underrated Elliott Smith said:
People think they know all these things about other people, and if you ask them why they think they know that, it'd be hard for them to be convincing.This is why Bob Evans "blogs" for a publication nobody reads. He claims to be "not overly familiar with" me, yet can go on to disparage me as not only "mean and rude and obsessive," but my tendencies as "malicious." He and his Twitter follower accuse -- I guess me and TheStreet -- of "Groupthink" on the basis of Jim Cramer's position in AAPL. Apparently, we don't think for ourselves; we correlate editorial opinion with Cramer's portfolio. That's strange, considering we probably had the most extensive, well-rounded and diverse coverage of the Apple/Carl Icahn thing in all of the media, financial or otherwise. Here is a close-to-complete list of the stories TheStreet published on Apple/Icahn over the last 36 hours or so: Carl Icahn is Short-Sighted on Apple (Chris Ciaccia) Don't Follow Icahn Into Apple (Gregg Greenberg) Icahn: Apple's New Money Maker (Bret Kenwell) An Activist Investor Gooses a Golden Apple (Marc Courtenay) Carl Icahn is Bad News for Apple and Investors (Rocco Pendola) Apple Bears Can't Walk and Chew Gum (Richard Saintvilus) Icahn Not Out to Cause a Fuss (Eric Jackson, Real Money Pro) Apple, Meet Carl Icahn, Be Happy (Chris Ciaccia) Icahn's $10 Billion Tweet (Antoine Gara) And, for good measure, pre-Icahn, Chris Ciaccia's Larry Ellison is Wrong About Apple to nicely counter my take on the subject, Why the Controversy Over Apple? If you do a quick skim through those 11 articles -- listed in chronological order starting with the most recent, as of Wednesday evening at 8:00 pm Eastern -- you will find a solid mix of news and information alongside diverse, strong and often provocative opinions. I would put that portfolio of stories up against the work of any other organization who dealt with the matter. And, if you didn't already know it, through reading those articles you never would have guessed that Cramer works for and founded TheStreet. It appears as if there's absolutely no consideration whatsoever of what Jim Cramer thinks about Apple or what position he holds in the stock. And that's because there isn't. (For the record, as of this writing, Cramer and Stephanie Link's Action Alerts PLUS portfolio is long 50 shares of AAPL. They're up 41.42% on the position).
Apple remains present-day dominant. They do not need to be revolutionary with their current product line. I love my iPhone, iPad and Macbook with Retina Display. It doesn't matter to me if Apple sells 30 or 31 million iPhones or 14 or 15 million iPads in a quarter. Splitting hairs is a waste of time. That said, with the way Tim Cook runs the company -- counter, in so many ways, to Steve Jobs -- I'm concerned that Apple will not be able to maintain its dominance over the long-term ... or something worse.As I survey the rumor mill ahead of Apple's September 10th event and upcoming pre-holiday product launches, I'm concerned. According to Bloomberg, here's what we have to look forward to this year:
The new iPhone will be unveiled at a Sept. 10 event, according to a person with knowledge of the plans who asked not to be named because the timing isn't public. Updated iPad models, including an iPad with a thinner body design and an iPad mini with a high-resolution screen will be unveiled later, two people said. Software for the devices, as well as for Mac computers, will also be revamped, Apple said in June.More refreshments from Apple that don't come in a cup. I don't think I'm crazy for reacting to Steve Jobs's tenure from iPod to the time he ceded control to Tim Cook, Cook's reign as Apple CEO and the uncertainty over what's to come with concern and healthy skepticism. In fact, you would be naive to think continued dominance/greatness under Cook is a slam dunk. Far from it. But, make no mistake, I don't want to and probably will not buy a smartphone, tablet or laptop produced by a company other than Apple. I don't even require "refreshments" for the current product suite. If it ain't broke, don't fix it. That said, I recognize that not everybody is like me -- a converted and now devoted user of all things Apple. The status quo or relatively minor tweaks to it simply will not cut it. Apple needs something meaningfully different really, really soon or consideration of Tim Cook's fate as CEO will be the lead story across media outlets. That's not an outlandish statement. It's reality. I don't see any reason why the fluctuation of the stock, particularly when it comes from a Carl Icahn Twitter-fueled pump, changes the Apple narrative some of us have been debating, others have been misconstruing and many more have been discounting, filtering and denying. Follow @rocco_thestreet -- Written by Rocco Pendola in New York City