Text Size

Apple defies market selloff, stock up 4 percent

updated 02:50 pm EDT, Fri August 12, 2005

Apple defies market

Shares of Apple on Friday to post a 4.3% rise, gaining $1.96 to $45.96, according to MarketWatch. "Other technology stocks were under pressure after both Cisco Systems and Dell Inc. this week issued disappointing earnings and predictions for the third quarter. Art Hogan, chief market strategist at Jefferies & Co., said Dell's most recent quarterly sales disappointed investors because although unit sales were strong, prices were weak. By contrast, Apple has been enjoying both strong unit sales and aggressive pricing, helping the stock look good in contrast to fellow computer maker Dell, he said."

 
Previous Comments

The reason

08/12, 03:19pm reply

Maybe it's buzz that OS X can be made to kinda run on any (modern) x86 now.

Ganesha

Senior User

Joined: Jul 2002

0

Mr Dell

08/12, 03:21pm reply

Sell the company and give back stock holders their money. That's all I have to say.

koolkid1976

Fresh-Faced Recruit

Joined: May 2003

0

It's called the CT effec

08/12, 03:22pm reply

Creative Technologies just had 31+ million dollars of loss from the most recent quarter.

Paul Huang

Forum Regular

Joined: Sep 1999

0

young punks

08/12, 03:53pm reply

Dell and that c**** (CEO of Creative Technologies) in Singapore are just punks who still don't understand that nothing is constant and their words could come back to haunt them. Bill Gates also said that no one would ever need more than 640 K (or whatever, it's not important now) of memory.

Not too brilliant, are they?

Paul Huang

Forum Regular

Joined: Sep 1999

0

expected a sell off

08/12, 04:32pm reply

I was expecting a selloff today but glad to see it was a really good day.

Hopefully there won't be a selloff on Monday.

83caddy16v

Forum Regular

Joined: Sep 2000

0

Oh no! It's wrong!

08/12, 04:54pm reply

Wrong numbers! It closed at $46.10 for a 4.77% rise.

melgross@usa.ne

Fresh-Faced Recruit

Joined: May 2005

0

their own fault…

08/12, 05:32pm reply

Let's see, punish Dell for weak prices but turn right around and demand that all computers should be as cheap as a Dell… huh?!? There's an old old axiom, something about having your cake and eating it too? Consumers/investors in this country are a bunch of morons. Decry loss of manugfacturing jobs and local retail business but shop till you drop buying Chinese goods at WalMart or on the internet to save a few whopping (but very precious) dollars. Although bashing Dell is good for Apple, hee hee.

ecrelin

Fresh-Faced Recruit

Joined: Oct 2000

0

up on Google/iTunes rumor

08/12, 05:44pm reply

According to market chatter, Apple is set to announce a deal with Google calling for Google to offer Apple's iTunes music store through its own site. The rumored deal would pair the nation's leading online music store with its leading search engine.

There's "speculation of an iTunes launch," says Paul Foster, an options strategist at Theflyonthewall.com. "Google is going to offer iTunes somehow on their platform," according to the rumor, he says.

http://www.thestreet.com/_yahoo/tech/hardware/10237939.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

windsurfer_nyc

Fresh-Faced Recruit

Joined: Sep 2004

0

re young punks - P Huang

08/12, 06:20pm reply

Watch the derogatory term. Bad taste is bad taste.

kw14

Junior Member

Joined: Sep 2004

0

c****?

08/12, 08:36pm reply

c****?

Sondjata

Fresh-Faced Recruit

Joined: Oct 2000

0

Popular News