Sunday, February 13, 2005

Slicing the Apple

The BBC is reporting that Apple has announced a stock split after its stock almost quadrupled in value last year, going from $23 to around $82.

A stock split is a sign that the management, presumably in this case Steve Jobs, has high expectations for the company's future earnings prospects. But after such a run of good fortune, and the the run away success of the the iPod, lets hope that Apple management isn't suffering from hubris...