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AAPL Stock: 562.29 ( -3.03 )

Analysts chime in on Apple

updated 08:28 am EST, Wed December 6, 2000


Merrill Lynch analyst Steven Fortuna has reiterated his near-term "neutral" rating on Apple. Credit Suisse First Boston analyst Kevin McCarthy, meanwhile, has downgraded the stock from "buy" to "hold." J.P. Morgan analyst Daniel Kunstler has also cut his rating on Apple, from "buy" to long-term "buy." Lehman Brothers analyst Dan Niles issued a report at noon Eastern, cutting his forecast on Apple's fiscal 2001 results to a net loss of 15 cents per share, from a profit of $1.15 per share, signaling the analyst's belief that Apple will not be able to return to healthy profitability as early as the company predicts it will. [updated]


by MacNN Staff

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  1. 0

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    Apple stock

    "Hold" in analyst's circles means "sell," and these geniuses will wait until share holders panic and start selling, driving the stock to $10/share. Then these brokerage houses will buy tons of Apple stock and then sell them again during January's Macworld Expo, when Apple stock always goes up. That's how they will make a profit. Just watch and see. Don't get fooled, hold on to the Apple stock, other PC stocks i.e. Dell, Gateway have also been downgraded. Don't get suckered by these analysts, their job is to make money for their financial houses first, then for their clients.

  1. 0

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    Losers

    If any of these characters had changed their recommendation before the announcement last night, I might consider them useful. Any dummy could do what they did. And ask yourself, are they looking at the long term? Never. The previous commenter is correct. Don't get suckered by these bozos.

  1. 0

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    Negative Reaction

    Apple is hurting partly because of a few marketing blunders, but mostly from the negative press and reaction of the stock market to any negative news from Cupertino. Most of us customers are waiting for something new to come from Apple (faster G4s, OSX etc.). We who have been loyal customers for years know that this year's product line was especially skimpy considering that the current G4 processors have been here for nearly 2 years. Now Apple is stuck with a pretty large inventory to sell before they release the new machines. When they finally do release their new machines and OSX. They won't be able to build the machines fast enough to keep up with demands. Basically we consumers don't want to end up with another Apple IIFX. Apple sold those babies for nearly $10,000 and a month later released faster, better Quadras for half the price. The same thing happened when Apple introduced the first Powermacs. Now it's going to happen again. Most of us professional Mac users are not going to trade our Macs in for PCs. We know how screwed up the Wintel platform is. We just want faster Macs & OSX. It WILL happen. Just wait. Then the stock will go up quickly.

  1. 0

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    So...?

    Other than their own feebleminded kind, who cares what the fools-in-suits say anyway?

  1. 0

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    Yeah, Keep the faith!!

    Hey-- everyone in here has a unique oppurtunity to cash in on AAPL and make some dough.......if you even got a couple hundred bucks, i'd say throw it in........wayyyyyy better odds than going to vegas--you're almost guaranteed to win!!

  1. 0

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    So...?

    Other than their own feebleminded kind, who cares what the fools-in-suits say anyway?

  1. 0

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    Choosing next computer

    As the point has been made here, for many of us, continuing on with the Mac will involve buying both a new machine, and buying new software to be able to take advantage of OS X. In addition, we will have to learn a UNIX-based OS to be able to know it as well as we do OS 9.
    Given all this, it seems quite reasonable to ask if it would be better to buy a new Athelon machine, new software to take advantage of Wilmette [sp], and learning a new OS to be able to know it as well as we do OS 9.
    Moving to "the dark side" gives all the benefits of competition and market share -- more speed, lower prices, more software, more access, more compatibility, more use for one's skills, more of a future. Sticking with Apple gives all the benefits of an "integrated" system, with fewer incompatibility problems, and more seamless workflow.
    I don't know the answer for myself, let alone for my wife, my mom, my co-workers, or for the rest. But I think it is important that we ask and understand the basic question.

  1. 0

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    Buy AAPL now!

    Get an E*Trade account and buy as much Apple as you can. The price is low, but remember this is post-split pricing.

    Apple could easily buy its way out of this mess (and in fact may be doing just that). They have 4 *billion* in cash (assets). Not only can they buy up a lot of their own stock dirt CHEAP avoiding a buyout, they can bring in the missing elements of their business.

    Apple already bought Astarte for its DVD authoring technology, and now it appears Radiologic was swallowed by Apple up as well for CD/Disk supporting technology that frankly Apple has not done very well with on its own.

    The Cube is a great computer, but it was priced way too high and lacked a clear target market (SOHO would be perfect) and related marketing push. Where are the ads with "real" people using a Cube to run a small business instead of how "cool" it is. Business wants "works well" and "costs very little" Apple!

    We need better (more specific) marketing, better partners and more Mac OS X commitments. We being the Shareholders of Apple.

  1. 0

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    new models

    as rumored by an retail chain here in switzerland, apple announced several new products, i know sure of new ibooks for the expo in 5 weeks as i was told... i almoust bought a G4 cube, but i now i will wait to see what happens. i was fooled once (when i bought my PM7300 almost 3 years ago) and this was a good lesson, so wait!

  1. 0

    Joined:

    0

    new models

    as rumored by an retail chain here in switzerland, apple announced several new products, i know sure of new ibooks for the expo in 5 weeks as i was told... i almoust bought a G4 cube, but i now i will wait to see what happens. i was fooled once (when i bought my PM7300 almost 3 years ago) and this was a good lesson, so wait!

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