updated 05:00 pm EST, Mon March 6, 2006
Intel transition difficult
Shares of Apple today fell nearly two percent to $66.37, while Thomas Weisel issued a research note stating that the transition to Intel is "proving difficult." The firm said its checks with Apple specialist resellers across the U.S. found soft demand for Macs, and a lack of supply for Intel-based notebooks, according to MarketWatch. A majority of the resellers expect the transition to have a negative impact on Apple's current quarter, according to Weisel. The analyst firm maintained its peer perform rating, as well as its current earnings estimates. Weisel dubbed the stock's valuation "high but reasonable," growth opportunities considered.