Gregg Thurman on Apple's securities fraud defense: We didn't know - 'If failure to perform, as to announced capabilities/features, was a crime punishable by a successful class action suit, MSFT would have been sued into oblivion back in the 1980s, 1990s and 2000s. New releases never worked as promised, requiring several Service Pack upgrades that MSFT charged the injured party to get. Windows 97 was an absolute failure, requiring the rapid release of Windows 98 (that you had to pay for).'
on Apple's securities fraud defense: We didn't know - '“The lawsuit argues deliberate deception.” Apple promoted and advertised features that were not available. What else would you call that? I’m sure there was some number of consumers that looked at the ad and said, “That’s something worth upgrading over.” Those are the folks I’m referring to. As far as the investor class action suit goes, I can’t see how you can prove you were hurt when the share price eventually went higher. Seems like day traders with sour grapes.'
on Premarket: Apple is red - 'I’m glad that it provides Apple an opportunity to buy its stock, but this long-term investor feels better when the stock goes up. I don’t have forever, and I want to be up when I get there. A lot. I’m trying to find a reason why going down $8.77 in a single day would make me laugh much. We’ve been stuck down here for a long time, and I’m ready for it to go up. A lot.'
on Apple's securities fraud defense: We didn't know - 'The class action that’s being pursued isn’t by people who bought iPhones. It’s being pursued by shareholders. And it’s on the basis of alleged securities fraud.'
on Apple's securities fraud defense: We didn't know - 'There’s a difference between technical failure and deliberate deception. The lawsuit argues deliberate deception. It’s quite a stretch, but usually the goal for class actions is to not go to trial, but to get a settlement (which the law firm gets 1/3 or more). At trial, the plaintiffs might win big, or they might completely lose. There’s no middle ground there.'
on Apple's securities fraud defense: We didn't know - 'I think Dan’ argument has “some” merit – for an individual to be upset about their iPhone purchase. – But I don’t think it applies very well to a (large) investor who is expected to do due diligence. (Or really even to small investors.) Screw-ups happen everywhere. Fraud? No. And as pointed out, if they’d held an “investment” in the company instead of “gambling” on an immediate payout they would have made money.'
on NATO trusts Apple, Pentagon trusts Grok - 'It’s not that they trust it; they simply do not care.'
on Apple's securities fraud defense: We didn't know - 'I find it amazing that there is an attempt at a Class Action lawsuit over this minor point (as Joe points out, if they just held the stock they’d be wealthier), while at the same time Elon Musk can make all sorts of fabulous claims about products supposedly coming in a year or two but which actually never see the light of day.'
on NATO trusts Apple, Pentagon trusts Grok - 'Politico article earlier today reports on Trump’s efforts to strong-arm Pentagon contractor, Anthropic, into removing the safeguards and redlines it installed to prevent DOD from using its AI products (including Claude) to assist in surveilling U.S. Citizens. Trump is in a foamy outrage over this, threatening to nationalize them, etc. https://www.politico.com/news/2026/02/27/trump-orders-all-federal-agencies-to-stop-using-anthropic-00804517'
on Premarket: Apple is red - 'BTW, this is EXACTLY the kind of AAPL week that can represent a significant payday for a short term Apple trader…and it all starts and ends with leveraging Max Pain. Meanwhile, of course, long term AAPL investors are chortling all the way to the bank….'
on Apple's touch screen teaser - 'Reaching to touch a desktop or laptop screen seems, as Steve suggested, not appealing. The same thing touching an iPad in one’s lap is a bit different. I wonder if touch may be part of some wearable device, perhaps integrated with Vision Pro or eyeglass gestures.'
on NATO trusts Apple, Pentagon trusts Grok - 'trusting Grok to be safe is like trusting my dogs to not eat that steak. Apple ≠ Grok These are not the same. I guess if you want to see Putin naked, Grok is a perfect choice.'
