FORTUNE — “Innovation at Apple is over,” wrote Trip Chowdhry on Oct. 23, the day Apple introduced what would soon became the world’s best-selling tablet computer. “The best is over for Apple. iPad mini is playing catch up to Google Android, probably will have a mediocre customer adoption.”
It was par for the course for Global Equities Research’s curiously wrong-headed Apple (AAPL) analyst. Two months earlier, just days before the Apple v. Samsung jury awarded Apple $1.05 billion in damages, he confidently predicted that no money would change hands.
But Chowdhry outdid himself with the four-point bulletin he issued Sunday. Permit me to excerpt and annotate:
Chowdhry concludes the note by suggesting that Cook and Oppenheimer be replaced with two former Apple executives: Jon Rubinstein, who was CEO of Palm before it was absorbed and forgotten by Hewlett Packard (HPQ); and Fred Anderson, who resigned Apple’s board following a three-month investigation into the company’s option backdating practices.