Tech Industry
08/28/2003, 4:00pm, EDT
Thursday, August 28th[::FROM::] [::SiteName::]
Wall Street unsympathetic to Apple niche
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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 consensus rating among Wall Street analysts for Apple's stock is a 2.9, 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.'"
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posted by MacNN.com Reader
posted by MacNN.com Reader
pompous and horribly wrong 60%-80% of the time.
It's just opinions any way
posted by MacNN.com Reader
posted by MacNN.com Reader
posted by MacNN.com Reader
i'd like to know how many of these guys talking about selling Apple ever recomended buying Enron or Worldcom?
posted by MacNN.com Reader
posted by MacNN.com Reader
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.
posted by MacNN.com Reader
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.
posted by MacNN.com Reader
posted by MacNN.com Reader