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Apple: Back Below $50? AAPL »
Posted by: 247wallst 2 years, 1 month agoThe negative news is mounting for Apple. The company is facing two shareholder suits over the dating of options given to company executives, but that is unlikely to make much difference in the share price given the extent of the damages is probably limited to the difference between the stock price on the grant date and the date...more
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mario
July 24, 2006, 10:40 p.m.As you can see, Apple has since bounced back nicely with its quarterly results that revealed that profits were high even during a historically slow quarter and an increase in PC marketshare (Apple's laptop marketshare is up from 6 percent in January up to 12 percent in June...and rising). I doubt that whatever Microsoft has in store to compete with the iPod will have any adverse affect to Apple shareholders' confidence levels. With the back-to-school and holiday seasons approaching, below $50 is highly unlikely.
Oh yeah, there's a Steve Jobs keynote address at WWDC coming up soon, and you know those are always fun to watch alongside your stock ticker.
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