11/17/2023 0 Comments Memo iss apple tim cook![]() That massive blunder who’s offspring is the jerry-built Warner Brothers/Discovery( WBD) entry, debuting since early 2022 is still in the process of finding its sea legs. The ugly memories of ATT’s ( T) venture into the wild and wooly precincts of show business are still vivid in the minds of many on the street. The ATT debacle is a word to the wise-but not a true model But among many potential buyers of Shari’s store, Apple, it would seem, has the most to gain and the least to lose. Whether this is accurate or not we do not know. We cite an Apple buys Para scenario with the stipulation that thus far, in theory, AAPL might well have entered casual conversations among its honchos in Cupertino. Any acquirer would unquestionably buy it all with the idea of then spinning off or selling various businesses that did not match the core strategy of its acquisition.Ībove: The studio offers a solid library, plus more recently tested age-proof IP and a good track record on making periodic hits. Clearly, amid all the gems on the Paramount jewelry counter, there is no shortage of zircons. What has not been explored amid all the chatter is the prospect that a potential buyer might be interested in the entire company, given the fact that the shares have drifted into a real interesting trading range. Otherwise, it’s a foot slog ahead for years to put the house in order, as it is for Para’s media competitors. It’s the one road the company can take to relieve financial pressure in reasonable time that doesn’t materially destroy the business. ![]() It begins to look like some kind of deal could loom in the crosshairs for Para units or the entire company. What they all have in common is a recognition of the widening gulf between what the company could be worth and the trading range of the stock. Simon & Schuster talks are in motion and, most recently, long lingering eyeballing from NFLX on the Warner film studio division. Data by YChartsĪbove: The dip is reaching a screaming buy level for the right acquirer.īET, presumably, is in process, but reportedly encountering price resistance by a possible buyer. And the mill seems to be churning full time on this PARA business or that one. The persistence of rumors are usually more telling than any single report or assumption by Wall Street. Whether any of these possibilities materialize or not, ranges from the obvious to the realm of mission impossible. The sense of the market is that the buzz on possible transactions focuses on two prospects: One, PARA opening its “store” and putting its goods on sale BET TV, Simon & Schuster, and most recently, Netflix ( NFLX ) sniffing around the edges of the Para legacy film studio. Just as Steve always did in moments like this, we should all look forward to Apple’s bright future and the great work we’ll do together.The faint crunch of wagon wheels encircling Paramount Global ( NASDAQ: PARA) is getting louder by the week. Our products not only create moments of surprise and delight, they empower people all around the globe to enrich their lives and the lives of others. In today’s world, our mission is more important than ever. Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges - and that the people who are crazy enough to think they can change the world are the ones who do. Let’s take this moment to thank our customers, our suppliers and business partners, the Apple developer community, our coworkers and all those who came before us at this remarkable company. I want to thank you from the bottom of my heart for all the late hours and extra trips, all the times you refuse to settle for anything less than excellence in our work together. I am deeply humbled by what you do, and it’s the privilege of a lifetime to work alongside you. It’s you, our team, that makes Apple great and our success is due to your hard work, dedication and passion. Financial returns are simply the result of Apple’s innovation, putting our products and customers first, and always staying true to our values. While we have much to be proud of in this achievement, it’s not the most important measure of our success. At our closing share price of $207.39, the stock market now values Apple at more than $1 trillion. ![]() ![]() Today Apple passed a significant milestone. BuzzFeed News obtained a copy of Cook's email. And Thursday evening, Apple CEO Tim Cook emailed employees to celebrate hitting the milestone. Though largely symbolic, the valuation is a telling reminder of Apple's dominance of the technology industry. But today, 21 years later, the phone and computer company made history as the first corporation to ever be valued at $1 trillion. In 1997, Apple was, according to Steve Jobs, about 90 days from going broke. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |