Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

1/11/2010
06:05 PM
Bob Evans
Bob Evans
Commentary
50%
50%

Global CIO: iPhone Users Stupid And Steve Jobs Greedy, Says WSJ

Steve Jobs is not serving shareholders well, but Apple zealots don't get it, says a Journal columnist.

Them's fightin' words indeed, as Wall Street Journal financial columnist Brett Arends says Jobs is inappropriately hoarding cash instead of returning some to Apple shareholders, and that the behavior of some Apple zealots proves his theory that "the stupidest people own the smartest phones." Well, flame on, Brett!

What's the right balance for Apple—or any other tech company—as it looks build up a significant war chest in these highly acquisitive times while also rewarding loyal shareholders that have helped make Apple and Jobs phenomenally successful and wealthy?

Do Apple's owners, many of whom project a devotion to Jobs and Apple that sits somewhere between the merely rabid and the unconditionally fanatic, want their brilliant and quirky CEO ("I didn't know what stock options were") to push the company's cash stockpile beyond its current $30 billion to be ready to buy great young companies that will enhance Apple's mythical status? If so, how much cash does Apple need to buy great young companies—wouldn't $30 billion seem to be about enough?

Global CIO
Global CIOs: A Site Just For You
Visit InformationWeek's Global CIO -- our new online community and information resource for CIOs operating in the global economy.

Or is chairman Steve looking beyond the small fish to some big ones: movie companies, animation companies, music companies, concert halls, TV studios, car companies, media companies, wireless companies, or maybe even another global icon with an unconventional CEO: Nike? Then it'd be really, really easy to synch up your iTouch with your Apple running shoes.

Or maybe Steve Jobs wants do a Richard Branson and establish a new kind of transportation empire called Apple Jetlines, with service to Apple Space Stations coming soon to an iRocketPod near you?

The cash-stash seems to rest on the strategic arc Jobs has in mind for his company. And since Apple guards its strategy about as tight as two coats of cheap paint, we probably shouldn't expect to see too much detail on any of that. But here's what got Arends so upset:

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
Mobile Banking Malware Up 50% in First Half of 2019
Kelly Sheridan, Staff Editor, Dark Reading,  1/17/2020
Exploits Released for As-Yet Unpatched Critical Citrix Flaw
Jai Vijayan, Contributing Writer,  1/13/2020
Microsoft to Officially End Support for Windows 7, Server 2008
Kelly Sheridan, Staff Editor, Dark Reading,  1/13/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
The Year in Security: 2019
This Tech Digest provides a wrap up and overview of the year's top cybersecurity news stories. It was a year of new twists on old threats, with fears of another WannaCry-type worm and of a possible botnet army of Wi-Fi routers. But 2019 also underscored the risk of firmware and trusted security tools harboring dangerous holes that cybercriminals and nation-state hackers could readily abuse. Read more.
Flash Poll
[Just Released] How Enterprises are Attacking the Cybersecurity Problem
[Just Released] How Enterprises are Attacking the Cybersecurity Problem
Organizations have invested in a sweeping array of security technologies to address challenges associated with the growing number of cybersecurity attacks. However, the complexity involved in managing these technologies is emerging as a major problem. Read this report to find out what your peers biggest security challenges are and the technologies they are using to address them.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-7227
PUBLISHED: 2020-01-18
Westermo MRD-315 1.7.3 and 1.7.4 devices have an information disclosure vulnerability that allows an authenticated remote attacker to retrieve the source code of different functions of the web application via requests that lack certain mandatory parameters. This affects ifaces-diag.asp, system.asp, ...
CVE-2019-15625
PUBLISHED: 2020-01-18
A memory usage vulnerability exists in Trend Micro Password Manager 3.8 that could allow an attacker with access and permissions to the victim's memory processes to extract sensitive information.
CVE-2019-19696
PUBLISHED: 2020-01-18
A RootCA vulnerability found in Trend Micro Password Manager for Windows and macOS exists where the localhost.key of RootCA.crt might be improperly accessed by an unauthorized party and could be used to create malicious self-signed SSL certificates, allowing an attacker to misdirect a user to phishi...
CVE-2019-19697
PUBLISHED: 2020-01-18
An arbitrary code execution vulnerability exists in the Trend Micro Security 2019 (v15) consumer family of products which could allow an attacker to gain elevated privileges and tamper with protected services by disabling or otherwise preventing them to start. An attacker must already have administr...
CVE-2019-20357
PUBLISHED: 2020-01-18
A Persistent Arbitrary Code Execution vulnerability exists in the Trend Micro Security 2020 (v160 and 2019 (v15) consumer familiy of products which could potentially allow an attacker the ability to create a malicious program to escalate privileges and attain persistence on a vulnerable system.