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Navigate: | My Mac Online | The Archives | February 1997 | A Few Words | |
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To start off this month, I would like to welcome a new columnist to the My Mac staff, Ed Tobey. Ed is a great writer, and we're happy to have him aboard! He's a certified Apple/Mac service technician, and his monthly column is called "The Senior Macintosh Center". Ed realizes that there are still plenty of older Macs in use out there, and his column will be focusing on just that. While this column will be written with the older Mac user in mind, we think there'll be something there for newer Mac owners, too. And for those keeping score, Ed is our second Apple/Mac Certified Tech on board. Jeramey Valley of "Tech Tips" also holds that job title. And, of course, I make my living as a Macintosh Consultant/Business Web Provider. But fear not, My Mac will not go "all tech."
Speaking of My Mac, I would like to welcome all the new readers. If this is your very first issue of My Mac Magazine, you should know that this is a collection of articles from some of the best down to Earth, everyday Mac users just like you.
Spell Catcher Updater
Apple and Advertising
AOL in deep... First, AOL now reports that they are holding back on actively acquiring new members. Funny, but I still see the TV ads, still see AOL software in every magazine published in the free world, and I still cannot dial in direct without five hours of busy signals. In response to all the complaints, AOL is now "In the process of upgrading our connectivity," meaning they should be adding new phone lines/modems soon. Great, what is the waiting list for my area? No word from AOL, and no one could answer me on the phone. A point of fact: AOL has 200,000 modems, and they have 8,000,000 users. Folks, that is a 1/40 ratio. (One modem per forty users. Not good.) Today (1/24/97), on the local news, I heard a lawyer in our area is suing AOL for false advertising. Basically, these lawsuits are popping up all over the country, with angry users complaining that AOL advertises "unlimited access," yet they can't get online when they choose, sometimes even for days at a time.
I don't know about you, but I can usually get online via my Internet account. However, every other time I sign on, I get a "Host has failed to respond" message. In the last week, I've counted 23 out of 32 calls to AOL when that message was displayed. I ask that you read "My Turn" this month, and then drop me a note with your AOL horror stories.
America Offline
We Need Your Input
MSNBC To The Rescue? That said, I want to thank Christopher Byron of MSNBC for a great commentary on Apple stock. (http://www.msnbc.com/news/52465.asp) For the first time in recent memory, a reporter or columnist had the guts to write an accurate, unbiased article on Apple. Sure, Mr. Byron was writing about stocks, but in a real sense, he was also writing about Apple as a company in a VERY positive light. He wrote: "Most investors don't yet seem to realize it, but a historic buying opportunity ala IBM about a year ago could thus be developing. Apple's problems are big, all right, but they're not that big, and they certainly don't warrant the rout that has taken place in the stock." Folks, truer words were never written. And remember, this is from a columnist from MSNBC. Yes, Microsoft. He also writes: "At their current price of less than $17, Apple's shares are selling for virtually nothing more than the company's balance sheet book value. And Apple's balance sheet boasts real and valuable assets, not just the pretend-assets of "goodwill" and "intangibles" that comprise so much of American corporate finance these days." He continues later with "This is all happening because investors - close to 40 percent of the stock is held by mutual funds and other institutions - have increasingly spooked themselves into thinking that Apple just might not be able to hang on much longer." Did you notice the key words there? "spooked themselves into thinking..." Mr. Byron, thank you! Thank you for FINALLY telling it how it is. But wait, dear Mac users, he continues... "... Apple has almost Terminator-like staying power derived from its incredibly strong balance sheet. This is one company that can make mistake after mistake, year after year, and still not run out of time or options or money to keep trying to get things right. Consider some basic facts. With roughly $1.1 billion of cash on hand, Apple has more folding stuff in the till than 96 percent of all publicly traded companies in America. It's got as much cash on hand as Philip Morris, Delta Airlines and Eli Lilly ... and more than Cisco Systems and plenty of other high-tech high flyers."
But I save the best for last: "But if you think Amelio knows what he's talking about, and that reports of Apple's demise are, to paraphrase Mark Twain, embarrassingly premature, then gulp down some Maalox and take a flyer on this unloved stock. On a risk/reward basis, you've got much to gain and not a whole lot to lose."
Being a Mac Enthusiast means-
Tim Robertson (publisher@mymac.com)
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