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Foxconn has frozen hiring at almost all its factories in China, as the company is reportedly...

Foxconn has frozen hiring at almost all its factories in China, as the company is reportedly slowing production in response to reduced orders for Apple's (AAPL) iPhone 5. With workers' staying at the company for less than 13 months on average, Foxconn's headcount could fall by tens of thousands.
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Comments (19)
  • raymondinperth
    , contributor
    Comments (78) | Send Message
     
    Is this news from Wall Street Journal?
    20 Feb 2013, 07:22 AM Reply Like
  • davemet
    , contributor
    Comments (36) | Send Message
     
    And of-course, AAPL falls 1.6% in pre market trading.

     

    It was only a few weeks ago when Tim Cook said very clearly that trying to interpret the supply-chain data is useless. Investors have a shorter term memory than than that of a golden fish.
    20 Feb 2013, 07:25 AM Reply Like
  • mullock
    , contributor
    Comments (3) | Send Message
     
    That's a nasty comment , my goldfish is up in fins about that remark.
    20 Feb 2013, 07:38 AM Reply Like
  • mullock
    , contributor
    Comments (3) | Send Message
     
    That's a nasty comment my goldfish is up in fins with that remark.
    20 Feb 2013, 07:39 AM Reply Like
  • VeryCurious
    , contributor
    Comments (109) | Send Message
     
    One source

     

    http://on.ft.com/Ymptzd
    20 Feb 2013, 07:50 AM Reply Like
  • Anwar Bhamla
    , contributor
    Comments (98) | Send Message
     
    One: It is related to Chinese New Year.
    Two: Isn't FoxConn opening new factories in Brazil?
    20 Feb 2013, 08:10 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3861) | Send Message
     
    Foxconn has factories in Asia, Europe, and South America that together assemble around 40 percent of all consumer electronics products sold. Also Mexico

     

    All company facilities in South America are located in Brazil.

     

    Looking to open in USA.
    20 Feb 2013, 09:04 AM Reply Like
  • Jhalgren
    , contributor
    Comments (141) | Send Message
     
    Are they paying two bucks per hour here too! Nothing would surprise me anymore...
    20 Feb 2013, 10:16 AM Reply Like
  • drmwsunner
    , contributor
    Comments (131) | Send Message
     
    More of the same....this so-called bad news is attributable to whom? It's killing AAPL in the premarket as the panic button is hit again and again. Article that AAPL isn't worth $460 also being used to endorse panic even though the author meant it should be valued in the mid to high $600's. People, for the most part, are are driven by greed and fear. The longs are fearful and the shorts are greedy. So long and godbye to rational behavior, welcome to Mr. Market's world of irrational fear and exuberance.
    20 Feb 2013, 08:44 AM Reply Like
  • jasaggie
    , contributor
    Comments (63) | Send Message
     
    Warren Buffet is a pretty good investor. He said, buy when people are fearful, and sell when they are greedy. So, while he isn't an AAPL investor, his comment couldn't be more applicable than it to AAPL right now.

     

    Coming off a record quarter in all major drivers of their business, I look for a bounce after the BOD meeting as the new product news continues to trickle out....iWatch, iTV, iPhone5 upgrade etc.
    20 Feb 2013, 10:48 AM Reply Like
  • JUDOKA
    , contributor
    Comments (406) | Send Message
     
    You should be arrested for perpetuating this crap.Foxcon is keeping its workforce at 1.4 million.The only thing they are doing is freezing hiring due to the massive number of employees coming back from the national holiday(Chinese New Year).You are totally irresponsible,and if in the business should be hunted down and censured.
    20 Feb 2013, 09:26 AM Reply Like
  • catamount
    , contributor
    Comments (376) | Send Message
     
    Yes, let's get rid of the first amendment because some amateur investors wet their pants if anything negative is said about one of their (only?) holdings.

     

    Gold and Apple seem to attract the most unsophisticated, illiterate "investors" I've ever seen.
    20 Feb 2013, 10:48 AM Reply Like
  • daugherty
    , contributor
    Comments (759) | Send Message
     
    No, but the SEC and DoJ take (or should take) a dim view about false reporting of facts with the intent to manipulate equity markets.
    20 Feb 2013, 12:36 PM Reply Like
  • rperson
    , contributor
    Comments (367) | Send Message
     
    This is such horseshit!!! Enough of this! And you are right, the guy with the BS headline that Apple isn't worth $460 should be banned. His intent is obvious, he says he doesn't like the company in his opening paragraph. These stories back to back? Come on SA!!! Who is paying for this, Doug Kass or Samsung?
    20 Feb 2013, 09:44 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3861) | Send Message
     
    Read the article

     

    http://bit.ly/Wab3lW

     

    At the current expected growth rate of 5.5%, if AAPL can achieve similar earnings to what it did last year, the value is $600.

     

    If earnings is similar to last year, but growth increased to 8.2%, then AAPL is worth $730 on the high end.

     

    Will AAPL grow earnings faster than 5.5%? Most likely.
    20 Feb 2013, 09:49 AM Reply Like
  • Jhalgren
    , contributor
    Comments (141) | Send Message
     
    Obviously, Samsung or China--both doing well with corporate cybersecurity fraud issues...beware any comments in 'comments' section of blogs since often attributable to hackers according to NYTimes reporters covering China security issue--heard this last night on Charlie Rose Show. Chilling.
    20 Feb 2013, 10:19 AM Reply Like
  • crispybeak
    , contributor
    Comment (1) | Send Message
     
    The author has done his homework -- the headline is misleading.
    As he proves mathematically: "If growth increased to 8.2%, then AAPL is worth $730 on the high end." It may be a big "If," but from the headline, would you have expected this to be in the article?
    20 Feb 2013, 11:03 AM Reply Like
  • klgmdc
    , contributor
    Comments (303) | Send Message
     
    Is SA sinking to the lows of the yahoo message boards and cnbc? The analysts and hedge funds have done enough damage to the stock price without SA offering knee jerk reactions to "news" without investigation into the accuracy of the report. Article headlines that contradict the authors' point are irritating and becoming more common.

     

    The market is enough of a ride for me. I could do with a little less drama here on SA.
    20 Feb 2013, 11:29 AM Reply Like
  • drmwsunner
    , contributor
    Comments (131) | Send Message
     
    Yada, yada, yada....hold your AAPL shares, we'll be back.....not a growth stock they say....we'll see about that when we go big time into the Chinese market. Who are these people who keep selling, the hedge funds blew their collective wads last year. Must be small investors like us who are unloading. With the correction, who knows where we will end up.
    21 Feb 2013, 05:43 PM Reply Like
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