Reactions to story from footnoted.org

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  Thursday links: no peso problem here

  http://abnormalreturns.com/2008/07/24/thursday-links-no-peso...
  44 days ago in Abnormal Returns · Authority: 162

  A noted manager of financial sector funds finds little to like out there.  (WSJ.com) Goldman Sachs (GS) raises $10 billion to invest in loans backing LBOs.  (FT Alphaville also Deal Journal) The Mexican Peso is at a six year high.  (Money & Co.)
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  Apple's Take On The Economy: "Depressed" (AAPL)

  http://www.alleyinsider.com/2008/7/apples-take-on-the-econom...
  44 days ago in Silicon Alley Insider · Authority: 5,449

  During Apple's Q3 earnings call on Monday, finance chief Peter Oppenheimer declined to offer analysts his take on the economy: "...We're going to leave economic commentary to others but we didn't see any obvious impact to the business in the June
• 

  Closing Bell Link Dump

  http://www.wallstreetfighter.com/2008/07/closing-bell-link-d...
  44 days ago in WALL STREET FIGHTER | Business News and Money Tips for Men · Authority: 350

  Closing Bell Link Dump Jerome Kerviel's defense is that it was a rogue bank, not a rogue trader. Nice one! [DealBreaker] How long can McDonald's afford to keep the double cheeseburger on the dollar menu? [Consumerist] Apple says the economy is depressed.
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  Apple: The Economy Is Depressed

  http://blogs.barrons.com/techtraderdaily/2008/07/24/apple-th...
  44 days ago in Tech Trader Daily - Barron’s Online · Authority: 1,057

  No one has official said were in a recession. But consider this: Apple (AAPL) thinks the economy is depressed. As Michelle Leder points out in her always-interesting Footnoted.org blog, Apples latest 10-Q, filed yesterday with the SEC, includes some new
• 

  Goofy numbers: WSJ turns to Disney to call a Minnie recession

  http://bullisht.com/?p=41
  45 days ago in Bullisht · No authority yet

  Call it Mickey Mousenomics. Spooked by the spector of recession and unable to call it as they see it, a WSJ article has now put the burdon of declaration on The Walt Disney Company (DIS, 30). The company, posits the Journal, is a bellwether for overall consumer spending trends. Meanwhile, Apple (APPL, 158) has jumped snark: According to Michelle Leder’s footnoted.org, the company is “using stark new language to describe the state of the economy in its risk factors section.”
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  Apple says the economy is depressed”

  http://nerdd.net/2008/07/26/apple-says-the-economy-is-depres...
  42 days ago in nerdd.net |** tech news, stories and opinion **| · Authority: 15

  While some people continue to debate whether or not were actually in a recession, Apple (AAPL) went a step further in the 10Q it filed yesterday, using stark new language to describe the state of the economy. Since this post attracted soooooo much traffic due to my dastardly plan, perhaps I need to reiterate what this site is about: it is about the things that companies bury in their routine SEC filings. Anyone who reads SEC filings regularly knows… footnoted.org http://www.footnoted.org/earnings-quality/apple-says-economy-is-depressed/ Bookmark It
• 

  Apple’s Take On The Economy: “Depressed” (AAPL)

  http://www.adsensetrick.com/apples-take-on-the-economy-depre...
  43 days ago in AdsenseTrick.com · Authority: 25

  Sillicon Alley Insider -  Dan Frommer | July 24, 2008 4:35 PM During Apple’s Q3 earnings call on Monday, finance chief Peter Oppenheimer declined to offer analysts his take on the economy: “…We’re going to leave economic commentary to others but we didn’t see any obvious impact to the business in the June quarter,” he said. But as Michelle Leder points out at Footnoted, apparently Apple (AAPL) is concerned enough to include commentary about the “depressed” economy as a “risk” in its quarterly filing to the SEC. The Company’s operations and performance depend significantly on worldwide economic conditions and their impact on levels of consumer spending, which have recently deteriorated significantly in many countries and regions, including without limitation the United States, and may remain depressed for the foreseeable future. For example, some of the factors that could influence the levels of consumer spending include continuing increases in fuel and other energy costs, conditions in the residential real estate and mortgage markets, labor and healthcare costs, access to credit, consumer confidence and other macroeconomic factors affecting consumer spending behavior. These and other economic factors could have a material adverse effect on demand for the Company’s products and services and on the Company’s financial condition and operating results. (Emphasis hers.) “The last time Apple used the word depressed in any of its filings was back in December 2003, when it used the word to describe its own sales, so it’s hard to chalk this up to an accidental insertion,” Leder notes. This is one of the reasons Apple has projected an abnormally weak outlook for Q4. “We’re certainly aware of the economic environment and we’ve considered it among other factors in preparing our guidance,” Oppenheimer said during the company’s earnings call. source: SAI
• 

  Apple’s Take On The Economy: “Depressed” (AAPL)

  http://aware11.com/apples-take-on-the-economy-depressed-aapl...
  44 days ago in — Aware 11 · Authority: 5

  During Apple's Q3 earnings call on Monday, finance chief Peter Oppenheimer declined to offer analysts his take on the economy: "...We're going to leave economic commentary to others but we didn't see any obvious impact to the business in the June quarter," he said. But as Michelle Leder points out at Footnoted, apparently Apple (AAPL) is concerned enough to include commentary about the "depressed" economy as a "risk" in its quarterly filing to the SEC. The Company's operations and performance depend significantly on worldwide economic conditions and their impact on levels of consumer spending, which have recently deteriorated significantly in many countries and regions, including without limitation the United States, and may remain depressed for the foreseeable future. For example, some of the factors that could influence the levels of consumer spending include continuing increases in fuel and other energy costs, conditions in the residential real estate and mortgage markets, labor and healthcare costs, access to credit, consumer confidence and other macroeconomic factors affecting consumer spending behavior. These and other economic factors could have a material adverse effect on demand for the Company's products and services and on the Company's financial condition and operating results. (Emphasis hers.) "The last time Apple used the word depressed in any of its filings was back in December 2003, when it used the word to describe its own sales, so it's hard to chalk this up to an accidental insertion," Leder notes. This is one of the reasons Apple has projected an abnormally weak outlook for Q4. "We're certainly aware of the economic environment and we've considered it among other factors in preparing our guidance," Oppenheimer said during the company's earnings call. See Also: Steve Jobs Gassing Up The Gulfstream Again Apple's Secrecy Obsession About To Backfire On The iPhone. Time To Ditch The NDA Apple's Year Ahead: Slashing Mac Prices To Boost Market Share?
• 

  Apple: The Economy Is “Depressed”

  http://blogs.barrons.com/techtraderdaily/2008/07/24/apple-th...
  44 days ago in Tech Trader Daily - Barron’s Online · Authority: 956

  No one has official said we’re in a recession. But consider this: Apple (AAPL) thinks the economy is “depressed.” As Michelle Leder points out in her always-interesting Footnoted.org blog, Apple’s latest 10-Q, filed yesterday with the SEC, includes some new language about the economic risks the company faces. The new filing says this (emphasis added): The Company’s operations and performance depend significantly on worldwide economic conditions and their impact on levels of consumer spending, which have recently deteriorated significantly in many countries and regions, including without limitation the United States, and may remain depressed for the foreseeable future. For example, some of the factors that could influence the levels of consumer spending include continuing increases in fuel and other energy costs, conditions in the residential real estate and mortgage markets, labor and healthcare costs, access to credit, consumer confidence and other macroeconomic factors affecting consumer spending behavior. These and other economic factors could have a material adverse effect on demand for the Company’s products and services and on the Company’s financial condition and operating results. As she points out, there is no similar language in the previous 10-Q, which in the same section said the following: The Company’s operations and performance depend significantly on worldwide economic conditions. War, terrorism, geopolitical uncertainties, public health issues, and other business interruptions have caused and could cause damage or disruption to international commerce and the global economy, and thus could have a strong negative effect on the Company, its suppliers, logistics providers, manufacturing vendors and customers. Michelle notes that The last time Apple used the word “depressed” in any of its filings was in December 2003, “when it used the word to describe its own sales.” Puts the question of Apple’s vulnerability to a weak economy in a new light. Apple today is down $5.91, or 3.6%, to $160.35.

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