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Wall Street unsympathetic to Apple niche
updated 04:00 pm EDT, Thu August 28, 2003
Even though Apple's iTunes online music store is "doing boffo business" and its new Power Mac G5 "has been met with mostly great reviews," the First Call , according to CNN/Money. "So this is essentially a Hold recommendation which, as most investors know, is a nice way of saying Sell....'Apple has always been the oddball in the computer industry,' said Matthew Kelmon, president of Kelmoore Investment. The criticism that Wall Street often makes when evaluating Apple's prospects is that it's a niche company that will never supplant Microsoft.'"
Apple will be #1
08/28, 04:28pm reply
come on baby!
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Let them
08/28, 04:46pm reply
Let them sell. That'll make the price drop so I can buy more.
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about wall street
08/28, 05:13pm reply
Analysts are the biggest arogant monkeys in suites.
pompous and horribly wrong 60%-80% of the time.
It's just opinions any way
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Wall Street
08/28, 05:32pm reply
So, if a company cannot "supplant Microsoft" it should just close its doors? How arrogant!
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yea, thats why..
08/28, 05:32pm reply
..stocks have gone up almost 4 bucks since june? Brokerage idiots.
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i agree.
08/28, 05:34pm reply
i'd like to know how many of these guys talking about selling Apple ever recomended buying Enron or Worldcom?
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remember the IT bubble?
08/28, 05:53pm reply
yes, that was created also by these so called ANALysts... never trust an analyst if you can use common sense.
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Ha!
08/28, 06:12pm reply
No PC manufacturer will ever supplant Dell. So the others should just give up.
JC Penney will never supplant Sears as a department store. You should sell any stock you have.
Volkswagen will never supplant GM as a supplier of cars. Guess they are worthless too.
CNN will never supplant real journalism. So by their own logic, CNN should shut its doors.
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Don't be so sensitive
08/28, 06:45pm reply
The caricatured argument does make sense: No PC manufacturer will surpass Dell, thus their stock is low. No-one is saying that they cannot surpass Dell, just that the odds are low => cheap stocks.
Even during the last years during which Apple has been doing Really Cool stuff, they haven't increased their market share => cheap stocks.
And yes, I think apple will prevail, and yes, if I had money to burn I'd invest.
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Wall Street
08/28, 07:29pm reply
Wall Street is filled with useless, know-nothing bean counters who are nothing more than aggrandized checkbook-balancers. They THINK they know all, but in reality know NOTHING. And why do we let them run the world????
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