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Steve is dead…

|Includes: Apple Inc. (AAPL)

A little conspiracy theory for you all…

Apple recently appropriated the rights to sell Beatles songs on iTunes.  Perhaps they took another page out of the Fab 4′s book; fake the death of your founder.  The “Paul is dead” rumor began in late 1969 when college students claimed that hints to Paul McCartney’s demise could be found in Beatles lyrics and cover art.  At the time, the Beatles were at an inflection point.  The group was in the process of a break-up and its members were pondering their solo careers.  The sources of the rumor are vague, but what better way to reinvent one’s self, and in turn catapult the next phase of one’s career, than to emerge from beyond the grave?  It worked for a guy from Nazareth.

Apple too is at an inflection point, I think.  Sure the stock is at 52-week highs and they just crushed earnings expectations, but a company that for the past several years was untouchable in the consumer electronics segment is seeing some competition.  Samsung, HTC,  and Motorola are producing worthy adversaries of  both the iPhone and iPad.  By all accounts the stock is cheap given its cash hoard and growth prospects, but a good kick in the pants from Steve and his medical team probably wouldn’t be a bad thing.