The Inquisitive Mind

Apple’s COO Tim Cook made a presentation at the Goldman Sachs Technology Investment Symposium earlier today. The call was very bullish and tore to shred all the doubts that had been raised by different analysts about Apple’s business prospects. MacDailyNews has live notes about the call.
Some highlights:

• iPhone sales target of 10 million affirmed
• Mac has huge headroom and has immense mind-share. Apple passed Dell as the largest provider of portable computers to higher education.
• iPod revenues grew 17% year over year. 40% of all iPods sold to consumers who did not own one.
• iPhone contracts may not be exclusive in other countries; a lot of carriers are interested in the phone since it is driving data-plan usage with web-usage orders of magnitude higher than other smart phones.

The stock is reacting positively and is up about 4% from its 4:00PM close of $122.96.
AAPL also announced a special event on March 6 to discuss the plans for the long awaited SDK for the iPhone. The announcement emphasized ‘Some exciting enterprise feature’; ; perhaps referring to the long awaited integration with the Exchange server and the catalyst for the corporate adoption of the iPhone.

Google, the other Silicon Valley darling under cloud, will also be presenting at the Morgan Stanley Technology Conference in Dana Point, CA. The session is scheduled for 9:30 a.m. Pacific Time on Monday, March 3, 2008. If the response to AAPL’s conference call is any indication, it would be prudent to anyone short Google to cover!