Joel West

Professor, tech, energy
Joel West
Professor, tech, energy
Contributor since: 2008
Company: Keck Graduate Institute
In terms of buying Nokia today, are you bottom fishing, jumping aboard a sinking ship, or hoping to bail out on a dead cat bounce?
In the soup you get some nourishment. In a sinking ship in the North Sea, it's just plain cold.
Microsoft knows how to make PC software. They have not yet had a major success in mobile software: it doesn't mean they can't, but they certainly don't have Apple, RIM or even Google's track record.
Dear readers,
I would agree that the reference to the German billionaire killing himself was at best macabre, and at worse tasteless. For some reason the juxtaposition struck me as ironic at the time — given all the speculation that Steve was dying — but now it seems a lot less funny.
I write actually for my personal blog (not SA), where most readers have a context of my previous posts. In the past, without that context, some Seeking Alpha readers have misinterpreted any criticism of Apple (or Jobs) as being an attack on Jobs, which is simply not true.
However, as for Steve's health, my comments about Steve (see link above) have included:
Jan. 6: “So Apple (and Steve Jobs) will only share as much information as they want to share, when they want to share it. As with other business kerfuffles, I have one thought for the press: get over it!”

Dec. 17: “This week I am praying for Steve Jobs and his family.”
Aug. 29: “I realized I was focusing entirely on the company and not at all on the man — who, no matter how much larger than life he might appear, is still just a man. ... Steve has three children at home (likely tweens or teens) and one grown daughter, and so whether or not he has imminent health problems, I hope that he’s spent the time recently to give them the father they need.”
I am also someone who lived through (and then later wrote about) the disaster at Apple that was John Sculley. So I am second to none in my respect for Steve’s effectiveness at Apple and his value to the company.
Dear Einstein,
My point is that Mervyn’s had did have something special, for at least some people. I would agree that looking at the merchandise mix and pricing on paper, it looked like just any other store in a very competitive segment. But it had some sort of niche with a loyal following -- just not a big enough loyal following.
Is America overstored? I dunno; I suppose with all those Wal-Marts and Targets and Kohl's opening, there's a day of reckoning that's been put off, or from all the sales going online.
What I do know is that you will get your thinning of the herd with this recession. For investors and employees, the interesting question is which chains will be bought whole, be bought in pieces (typically out of bankruptcy), and which will disappear entirely with the space to be taken over by yet another Kohl's or Best Buy.
PS: Notsosmart, I certainly agree that too much taxpayer money is bailing out private mistakes. Look for the Madoff bailouts coming soon.