Roger Knights

Amazon-Sized Craziness

The speed, robustness, friendliness, and features of Amazon's web site cost a nine-figure sum and are unmatched anywhere. (Although I have a half-dozen gripes about it.) That's a tremendous moat. Walmart's online store is no threat.

Plus, Amazon has credit card info for half the US populace. Plus, Bezos gets the big picture and is willing to sacrifice the company's short-term and parochial interests for the long-term. Plus, the company is pioneering in cloud computing and e-book readers and who-knows-what-else.

(The iPhone is useful for short-term reading. For hours-long reading, it's harder on the eyes and exhausts its battery ten times faster. And it's harder to read in sunlight.)

Apple's History Puts Its Present into Question

Apple was inconsiderate to its shareholders, and missed an opportunity to benefit itself, by failing to do a stock buyback in the fall when its shares were very underpriced, and it was sitting on a huge cash hoard.

PTF: Weak Dollar, Stock Buybacks Offer Hope to Tech Investors

I think there's a typo:
"Average investors might buy ..."
should be "Average investors might not buy ..."

PTF: Weak Dollar, Stock Buybacks Offer Hope to Tech Investors

I think there's a typo:
"Average investors might buy ..."
should be "Average investors might not buy ..."