I agree that they're both guilty of over-hype.
----- Mike Hammett Intelligent Computing Solutions Midwest Internet Exchange The Brothers WISP ----- Original Message ----- From: "Lewis Bergman" <lewis.berg...@gmail.com> To: af@afmug.com Sent: Tuesday, February 2, 2016 6:56:33 AM Subject: Re: [AFMUG] SAD day The trouble with a valuation as high as Google, and to a lesser extent, Apple, is that there is a huge "hype" or inflationary affect on the stock price. A company like Exxon with real balance sheets representing real assets, a huge, diverse workforce capable of building and creating real things. Things that would would drastically affect the way the world works, lives, plays and behaves every minute of the day if they didn't exist. Those type of companies have been devalued to the point that at certain points their cap rates sometimes reflect a discount on their balance sheets. I know when I look at what a Google or apple valuation represents that is what I think about and what I get from Travis' comments. The fact that there is little tangible value in what the company owns. Intangible value can easily disappear as quickly as it appeared. Look at Yahoo. On Tue, Feb 2, 2016, 6:33 AM Mike Hammett < af...@ics-il.net > wrote: I had a similar experience with a PC. It's not so much about the machine, but the intelligence of the operator. ----- Mike Hammett Intelligent Computing Solutions Midwest Internet Exchange The Brothers WISP From: "Travis Johnson" < t...@ida.net > To: af@afmug.com Sent: Monday, February 1, 2016 11:36:40 PM Subject: Re: [AFMUG] SAD day I would use Yahoo or Bing or any other search engine. Nothing would change if Google went away tomorrow. Blackberries and Android wouldn't even exist if Apple hadn't created the first iPhone. Same with tablets... look how many people tried tablets before Apple, and they all failed. I purchased a Macbook for my daughter headed to college 5 years ago. She used that laptop literally every day, for over 5 years. She graduated with two Bachelor's degrees... using that same laptop. Every paper, thousands of emails, etc... and she has never had a single issue... no viruses, no hardware issues, no software issues. Never a single issue. No OS reload, no malware scanners, nothing. It just works. Just like all the rest of Apple's products... they just work. Travis On 2/1/2016 10:28 PM, Josh Luthman wrote: <blockquote> The world's most popular site and you don't think the world would change? Really??? Apple is gone. People buy Blackberries and Android. Tablets probably won't exist. Mp3 players would probably have come to fruition without them. What else do they have? Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Feb 2, 2016 12:22 AM, "Travis Johnson" < t...@ida.net > wrote: <blockquote> At least Apple makes products... products that literally changed the computing world, the phone world, the retail world, created apps, and the music world. Google created a search engine (actually copying Yahoo, Webcrawler, Altavista and several others at the time). They aren't a "product". They don't "sell" anything. They are a webpage, just like Facebook. Imagine your life without Google or Facebook. NOTHING CHANGES. Yes, they built a better mousetrap using their intelligence and hard work... but they aren't "inventors". They didn't create anything new or groundbreaking. Travis On 2/1/2016 10:09 PM, Colin Stanners wrote: <blockquote> I'd much rather Google / Alphabet Inc. be in that position than Apple with their overpriced yet restricted / non-upgradable / crappy consumer electronics. Google is making themselves the curator of access to the world's information and communications. When you consider the value of those, it's not just the most valuable company in matters of money. The founders had incredible foresight in addition to their intelligence and hard work. On Mon, Feb 1, 2016 at 10:55 PM, Travis Johnson < t...@ida.net > wrote: <blockquote> http://www.ibtimes.com/alphabet-inc-goog-surpasses-apple-inc-aapl-become-worlds-most-valuable-public-company-2289113 "The world isn't run by weapons anymore, or energy, or money. It's run by little ones and zeroes, little bits of data. It's all just electrons." ~ Cosmo (Sneakers 1992) Literally, a one page website for a company that is less than 19 years old is now the most valuable company in the world. :( Travis </blockquote> </blockquote> </blockquote> </blockquote>
