As many know I have been a proud Apple shareholder for quite a bit. In a way, it is because I value the Warren Buffett approach of investing in few stocks whose business I understand. Right after my olive oil business, Apple is the business that I believe I understand the best. And I am excited about what the near and long term future might bear for my dear Cupertino stock. In particular, call me a fool but I totally buy the argument made by Jason Schwarz of Seeking Alpha, that basically states the following:
the P/E ratio is the single most important number in the world
Apple has consistently traded at an average P/E ratio of 32.17
forward P/E ratio is calculated from future estimated earnings. the average forward P/E ratio for Apple since 2003 is 22.48. Based on the new accounting rules soon to be put in place, and the 37 billion in cash that Apple has on their books, Apple’s forward P/E is below 13
This stock has not been priced this cheaply since Steve Jobs came back to Apple in 1997
the stock should be priced at $263 today and should reach $376 by September 30, 2010, and could very likely be at $456 by the close of its fiscal year on September 30th.
Installing an application for the Map typically involves simply dragging the app’s icon to the Application folder. This is usually achieved via a dmg file that opens with shortcuts to both the new app and the Application folder. Most dmg files have the app icon on the left hand and the Application folder alias on the right hand. This works.
Flock Social Web Browser has the app icon above the Application folder. I applaud to their designers as this works better. Bravo, Flock!
I just downloaded Chrome OS as a VMware Virtual Machine and I am playing with it. My understanding so far is that it is nothing more than a browser with an OS attached. While I don’t expect this to become an overnight success, I do welcome the new addition as there are a number of advantages to this approach. My dream is actually to own a thin client but to access a full desktop that lives in the cloud that can scale up and down depending on my needs.
I have tested both apps and so far I prefer the performance and ease of use of RedLaser. While ShopSavvy does more than RedLaser, it shows that it is a port of an Android app and it does not feel like a real native iPhone app. For example, RedLaser product detail page fetches the very well done iPhone-optimized version of Amazon.com, while the same page on ShopSavvy opens the desktop version of Amazon.com, which is practically impossible to navigate.
Our next meetup will focus on the 3.0 features of the iPhone SDK. Let us know whether you can make Tuesday Nov 17, Wednesday Nov 18, or both. The meetup will be held at the betahouse in Central Square, Cambridge, steps from the MBTA Red Line subway T-stop. Wouldn’t it be cool if there was an MBTA iPhone app? There is an app for THAT, TOO!!! http://iphonembta.org/ Thanks, Dan Choi!
I also would like to introduce you to Anna Callahan, who is now Assistant Organizer for our meetup. Thanks for helping our with the meetup, Anna!
Windows 7 finally did it! Did what? Convincing the last batch of my friends that were still on Windows XP to take this opportunity and switch to a Mac. Errare humanum est, perseverare autem diabolicum.
