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Millionaire Now! by Larry Nusbaum

This blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth".

What Does the Press Know?

Posted on 09/26/2006 10:08 AM | Link | Post Comment
THE PRESS KNOWS HOW TO REPORT THE PAST, NOT HOW TO COMMENT ON THE FUTURE. AND, YOU HAVE BELIEVED THEM ON THE HOUSING MARKET FOR YEARS!

* Fortune, 2/19/1996: "By the time you read this story, the quirky cult company...will end its wild ride as an independent enterprise."


* Time Magazine, 2/5/96: "One day Apple was a major technology company with assets to make any self respecting techno-conglomerate salivate. The next day Apple was a chaotic mess without a strategic vision and certainly no future."

* BusinessWeek, 10/16/95: "Having underforecast demand, the company has a $1 billion-plus order backlog....The only alternative: to merge with a company with the marketing and financial clout to help Apple survive the switch to a software-based company. The most likely candidate, many think, is IBM Corp."


* Wired, "101 Ways to Save Apple," 6/97: "1. Admit it. You're out of the hardware game."


* Fortune, 2/19/1996: "Apple's erratic performance has given it the reputation on Wall Street of a stock a long-term investor would probably avoid."


* The Economist, 2/23/95: "Apple could hang on for years, gamely trying to slow the decline, but few expect it to make such a mistake. Instead it seems to have two options. The first is to break itself up, selling the hardware side. The second is to sell the company outright."

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