maybe they folwed huld pakd, intel, compaq. what's theonclusion? goesike this. apple owns the celle phone markets it curntlypis. now that it is forecasti the rst down year that means the cell phousinesst be rated. apple sold 78 million iphos in the december quter, aall time high, by the y, signals ascension. to tm the is no base camp on the summit of everest. wors pea worse, the peaks to the skeptics in this case occurred inhe middlef arter because why else would ceo tim cook say on the call we b on the cl we began to see signs of economic softness in greatechina this month, notay in hong kong, end quote. if any wit if company with a serious line of business is gng inta quter er quarter and perps year over year decline isales with thenalysts that allhe ote. traditnally product cyes pe produce declining earn ings estimates. pele pay a lower multipl lor multiples on lower earn ingss a stock fa of life. if apple had something else to make up for now viewed as the inident able dnturn peaps 15o 20% un nose di asne analystostuted on "the call. theyren't llinlike they

they saw mini computer companies destroyed by dell, compaq. dell went private. they have learned the lesson and hard to distance itself from the cupertino monster. i heard it on the call. i felt every analyst did his best to be respectfulle and acknowledge apple's greatness without saying it's all over but the crying. i could easily join them and say, hey, it was great while it lasted. nice to know you. i'm a generalist, not a technology analyst. i have been on calls from different companies and i can't view apple like just another hardware company. when i didn't like my dell or saw a cheaper deal for a gateway or hewlett-packard i switched. they'rdifferent toothpastes. ven every time you heard the word macro on apple's call you could tell the weakness and turmoil makes the analile to toothpaste too glib. people are spending $691 for a the strong dollar. that's when it hit me. every other international company i follow has found it almost impossible to raise prices in this environment. almost every american company had to deal with foreign exchange ratios that h

. >> in hp she streamlined operations and saw themer jeff with compaq, the biggest merger in history.> we believe he have suffered sufficient votes to approve hp's merger with compaq. >> but the move quitely criticized in 2005 she was fired by hp. >> i have never hidden the fact i whereas fired from hewlett packard in a boardroom ball. when you lead, when you challenge the status quo, you make him ins. >> soon after carly surviving a bout with cancer and then rung for a seat in the u.s. senator against barbara boxer. >> after chemotherapy, for bra boxer is not scary. >> but being a political outsider set the stage today. >> ours was built to be a citizen government so citizens, let's take it back. >> former hewlett-packard ceo going on the record. >> nice to see you. >> great to be with you. thank you for having me. >> so what do you think is the reason that the outsiders in this whole political contest, in the g.o.p., which includes you, donald trump, and dr. ben carson -- why are the three of you doing so well? number of you is a politician. >> because 75% of the american people now

clay would become an adviser to a venture capital firm that would fun the likes of tandem computers, compaq and intel. his focus was to find top talent. roy clay when he took my resume and introduced me to hp. he was a very supportive and wise person. >> ken coleman would follow in clay's footsteps as a star at hp. as clay moved on to make new inroads. >> in addition to being the first black executive on hp, on the first black man on the city council of palo alto, he also was the first black technical founder in the valley. he founded rydell electronics. >> not only did roy start rydell electronics, but he made certain that to the extent possible there were other opportunities available and he promoted opportunities for other african-americans. >> harry bremen goes way back with roy clay. he's known him for 40 years. he's seen his friend inducted into the silicon valley engineering hall of fame and >> i think roy's legacy as he goes on will be one of service. and guidance, leadership. and how far we as an african-american community have gone. and not allowing artificial obstacles to hold yo

maybe they followed huld pakd, intel, compaq. what's the conclusion? goes like this. apple owns the celle phone market as it currently kpis. now that it is forecasting the first down year that means the cell phone business must be saturated. apple sold 74.8 million iphones in the december quarter, an all time high, by the way, signals not good news but a peak. a peak in business, not in ascension. to them there is no base camp on the summit of everest. worse, the peaks to the skeptics in this case occurred in the middle of the quarter because why else would ceo tim cook say on the call we began to see notably in hong kong, end quote. if a company with a serious line of business is going into a quarter over quarter and perhaps year over year decline in sales with the analysts that's all she wrote. traditionally product cycles peak and produce declining earn ings estimates. people pay a lower multiple, lower multiples on lower earn ings is a stock fact of life. if apple had something else to make up for what's now viewed as the inevident able downturn in iphones. perhap