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In March 2012, the San Jose Mercury had headlines like "No end in sight to Apple growth? Even after paying for dividend and stock buyback, tech giant’s shares a
by kens 14y ago
In March 2012, the San Jose Mercury had headlines like "No end in sight to Apple growth? Even after paying for dividend and stock buyback, tech giant’s shares are likely to keep rising" and "Regular folks rewarded for patience with Apple stock riches".
Articles like those should be scary to anyone around during the tech bubble. Back in March 2000, Cisco was the world's most valuable company and everyone was buying the stock because of all the cheerleading articles. Now Cisco is #52 most valuable company and the stock has been flat for a decade. Looking at AAPL and CSCO stock charts shifted by about 10 years is very interesting.
This reads like I think Apple will do the same thing as Cisco, so let me be clear that I have no idea what Apple stock will do. I just want to provide some history about the Cisco stock trajectory for those readers who were in elementary school at the time :-)
(By the time I'd found the articles I was looking for, this had dropped off HN's front page, so I may be wasting my time writing this.)