Apple Investors: “Hang in There”
January 29th, 2008, 9:18 pm. Posted under Apple Rumors, Market Commentary by AppleOption.
AppleInsider published a private communication from Steve Jobs to Apple employees. He acknowledged the beating Apple shares have experienced lately, $200 down to $130, but was confident that investors would inevitably recoup their loss and then some!
“Wow… what a remarkable last few days,”
“Our stock is being buffeted around by factors a lot larger than ourselves.”
“As you can see, we have outperformed many other blue-chip tech companies, including Google,”
“I continue to believe that our fundamentals - our remarkable people, our clear and focused strategy, our new product pipeline, our 200+ retail stores, our $18 billion of cash in the bank with no debt, etc., will serve us well in the coming months and years.”
“I believe that investors who stay with us will be rewarded as the market’s confidence is restored over time,”
“Hang in there.”