updated 09:10 am EDT, Tue June 29, 2004
Smith Barney cautions AAPL
Smith Barney analyst Rich Gardner has told investors to be "cautious" regarding Apple, noting that the stock could give up some of its recent gains. Gardner doesn't believe Apple's third-quarter earnings will exceed expectations, and said that announcement products that aren't yet shipping won't help matters,according to . Gardner added that he would be an "aggressive buyer" if shares fell below $30. Apple was trading down 38 cents to $32.11 in pre-open trading.