February 27, 2006
Steve is the missing link
Posted Feb. 27, ’06, 7:06 PM PT by Derik DeLong
Category | Business
It’s no secret that the stock market baffles me. Apple reports record profits and the stock takes a dive. Isn’t making money a good thing? Anyway, Barron’s is suggesting that Apple will make an attempt to buy Disney.
I feel like they are now just picking names out of news stories and making stuff up. Ok, so Steve Jobs is CEO of Apple and now a majority shareholder in Disney. Does it really make any sense to buy Disney? No. How does Disney realistically fit into Apple’s business? Tenuously at best. Apple distributes content online but what about owning a content creator is attractive to them? Collecting any profit that Disney might create, but why Disney and not some other company? Just because Steve owns part of it, why would the rest of the Apple board go along with the decision. It seems to me that analysts are just looking to create drama rather than realistically analyzing the market.
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