Sunday, 28 December 2014
Last updated 1 hour ago
Jul 25 2014 | 2:54pm ET
Apple Inc. is one of the most widely respected and wildly successful companies in the world. Even at its sky-high valuation, some hedge fund managers, notably Carl Icahn, believe it is cheap. Noster Capital’s Pedro de Noronha isn’t so sure.
Noronha, in between criticizing streaming video valuations as “make-believe,” suggested that Apple’s day may soon be done.
“I need to know where a company is going to be in five-to-10 years,” he told CNBC. “I mean look at Apple, a company we all admire.”
“I don’t know where they are going to be in three years.”
“It’s a very competitive landscape,” Noronha said. “They might become obsolete in two-to-three years, as we’ve seen with dozens of technology companies.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.