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AAPL Stock: 129.36 ( + 0.27 )

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Analyst firm rebukes \"misplaced rumors\"

updated 01:00 pm EST, Fri February 10, 2006

AAPL \"misplaced rumors\"

American Technology Research today discussed "two misplaced rumors" which contributed to Apple's decline yesterday. Addressing the MacBook Pro shipment delays as well Apple's acknowledged iMac Core Duo video glitch, American Technology Research analyst Shaw Wu defended Apple's position on both counts. "From our proprietary checks, we believe strong demand and a four-week backlog are the main reasons for a stretch in lead times for MacBook Pro. In addition, we believe the video glitch with FrontRow can be easily fixed with a software update." The company said it will remain comfortable with its guidance estimates, and added that Apple's fundamentals remain sound, arguably among the strongest in technology. "We would take advantage of the pull-back to build and/or add to AAPL positions."




by MacNN Staff

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  1. sj2neo

    Joined: Dec 1969

    0

    stock price

    I think that the reason for the pull-back in the stock price is due to some analysts and brokers found an opportunity in Apple's next quarterly forecast to slam the stock and force a sell-off. They could then urge clients to buy Apple at it's undervalued price. A cheap shot at making money.

  1. LouZer

    Joined: Dec 1969

    0

    Re: stock price

    Or, they looked at the quarterly forecast, saw that revenues would be down big time, the macintel transition was going to really start costing some sales (macbook pros not to be released until march, apparently), and the usual post-holiday sales doldrums (not to mention the fact that apple does nothing to spur computer sales, by, I don't know, offering a deal or sale or something). And don't forget those other things that turned up, like options costs. And that Apple was already way overpriced.

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