Arnold Reinhold

Apple Remains Overvalued, Despite Its Gadget Glory

From Apple's latest 10K:

Accounts payable Sept 26, 2009: $ 5,601, Sept 27, 2008: $ 5,520

Given how much Apple's business has grown in the last 12 months, they must be paying more promptly, not less.

(am long on aapl)

New BlackBerry, New Fund: Is RIM's Moat Wide Enough?

The real question is what phones will primarily be used for in the future:generating text or viewing information. The RIM, with its mechanical keyboard is better for the former, the iPhone with its large screen and touch interface is better for the latter, whether it entertainment or business data. Third parties will provide miniature Bluetooth keyboards for iPhone users who must have one. And when Apple is ready to administer the coup de grâce, it can simply introduce a model with a fold out/slide out keyboard.