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AAPL Stock: 562.29 ( -3.03 )

S&P keeps Apple at Hold, Dell at Strong Buy

updated 11:30 am EST, Fri February 11, 2005

S&P keeps Apple at Hold


nalyst Megan Graham-Hackett today reiterated a (AAPL), stating: "we had expected such a split but we believe nothing in Apple's story has fundamentally changed. We remain concerned about the stock regarding iPod sales growth potentially peaking, and valuation, as the shares trade at a premium to peers on both an enterprise value/sales basis and p-e basis. However, we think the opportunity to leverage iPod success into new markets make the shares worth holding." Meanwhile, Graham-Hackett reiterates Dell as a "strong buy" and says the PC giant is undervalued.


by MacNN Staff

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  1. mugwump

    Junior Member

    Joined: Feb 2000

    0
    02/11, 12:49pm | report spam | Reply |

    hmmm...

    Interesting that Dell sold 13 Billion in product this past quarter, but made only 700 mil in profit.

    Apple only sold 3.5 Billion, but profits were 300 mil. This ratio could improve further with greater software sales.

  1. cmoney

    Mac Enthusiast

    Joined: Sep 2000

    0
    02/11, 12:56pm | report spam | Reply |

    different business models

    Dell and the rest of the PC industry typcially have lower margins but much larger volume.

  1. mugwump

    Junior Member

    Joined: Feb 2000

    0
    02/11, 01:18pm | report spam | Reply |

    ah

    I think Dell should shift their corporate IT over to the Mac platform. The greater efficiency would absolutely help their bottom line and improve profits over the long term: reduced number of IT employees with less complexity, lower software costs, more uptime, etc.

    Apple released some information of corporate overhead and it was the lowest in the industry, thanks to the advantages of running the mac platform. I imagine the same is true with Pixar.

  1. mantichora

    Fresh-Faced Recruit

    Joined: Feb 2005

    0
    02/11, 01:51pm | report spam | Reply |

    My $0.02 Worth

    I assume that Megan Graham-Hackett uses a PC, not only at work but at home.

    How can she really understand the Apple "culture" if she is not a user?

    In fact Dell may be sliding a few dollars under the table for S & P to report things the way they do.

    These are just my opinions, so please do not flame me for them. Thanks.

  1. mbryda

    Senior User

    Joined: Mar 2002

    0
    02/11, 02:56pm | report spam | Reply |

    Dell = Junk

    At $0.01 a Dell PC or stock would be overvalued. There are far better PC's out there than anything Dell produces.

    As far as undervalued? I hardly doubt it. They are hot this time around. If anything, the PC industry is cyclical - they will be the bottom at some point.

  1. thesearcher

    Dedicated MacNNer

    Joined: Mar 2002

    0
    02/11, 03:17pm | report spam | Reply |

    e: ah

    > reduced number of IT employees

    Good grief. As if IT types aren't layed off enough these days. M$ could go under, and there would probably still be a 'shortage' of IT workers.

  1. mugwump

    Junior Member

    Joined: Feb 2000

    0
    02/11, 03:23pm | report spam | Reply |

    heh

    "The entire national economy, in fact, depends on the incompetence of Microsoft.

    If everyone switched to Apple, the unemployment rate would skyrocket and we would fall into a depression. The government would be forced to give away Microsoft-based computers to stimulate the economy."

    -Orlando Sentinel columnist Mike Thomas
    http://www.orlandosentinel.com/news/orl-locmiket16011605jan16,1,5879719.column?ctrack=3&cset=true

  1. thesearcher

    Dedicated MacNNer

    Joined: Mar 2002

    0
    02/11, 03:58pm | report spam | Reply |

    re: heh

    I don't doubt it, but I'm equally as sure they would still be whining about a shortage of IT workers.

  1. JEB

    Junior Member

    Joined: May 2001

    0
    02/11, 06:44pm | report spam | Reply |

    go to Forbes.com

    There is a poll at:

    http://www.forbes.com/technology/2005/02/11/cx_jp_0211polldujour.html

    to see what the most popular brand of computer is. Drop by and cast your
    vote!

    They also got their history wrong on the site. The first personal
    computer didn't come from IBM, it came from Apple.

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