You'll get your Mac news here from now on...

Help TMO Grow

Subscriber Login

Advertising Info


The Mac Observer Express Daily Newsletter


More Info

Site Navigation

Home
News
Tips
Columns & Editorials
Reviews
Reports
Archives
Search
Forums
Links
Mac Links
Software
Reports
Contact

April 14th, 2000

[3:40 PM] Apple Remains Strong Despite Market Downturn
by Wes George

Apple's stock price held the line with remarkable strength in the face of today's terrible selling pressures. AAPL traded down 1 15/16 on strong volume to close at 111 7/8. That's a great way to end the worst week in Nasdaq history.

AAPL is partially shielded from the ill effects of the ongoing market correction because AAPL's price to earnings ratio was already in the low 30s going into this downturn. Also, Apple is likely to announce strong earnings next week and next week is likely to be a whole new world. The market is now going to take VALUE seriously for the first time in years!

Investors are aware that Apple has much as yet unrecognized value, such as QuickTime and OS X. Apple is positioned better than any other PC manufacturer, except perhaps Palm Inc. (PALM), to benefit from the next wave in computing--portable wireless Internet devices.

The stocks that are really getting led to the slaughter house are the Internet and biotech stocks with high P/E ratios but little or no earnings. In fact, most of the earnings-less Internet IPO type stocks are not likely to see new all time highs again this year, if ever.

The Mac Observer Spin: The days of the "greater fool theory" of investing and stocks values supported by promises rather than performance are over. A new breed of market leaders--like Apple-- strong companies with growing earnings and dominant positions in their market space are emerging to fill the vacuum left by the fallen high tech wunderkinds.

Many investors and traders, both retail and professional, young and old, dumb and smart have taken serious wounds this week. It could take months to recover. But recover it will, rest assured. Our hearts go out to those who lost everything on a margin call or those who have just recently invested in the stock market. The worst is over and Monday will be the beginning of a new week, in more ways than one.

Apple



Today's Mac Headlines

[Podcast]Podcast - Apple Weekly Report #135: Apple Lawsuits, Banned iPhone Ad, Green MacBook Ad

We also offer Today's News On One Page!

Yesterday's News

 

[Podcast]Podcast - Mac Geek Gab #178: Batch Permission Changes, Encrypting Follow-up, Re-Enabling AirPort, and GigE speeds

We also offer Yesterday's News On One Page!

Mac Products Guide
New Arrivals
New and updated products added to the Guide.

Hot Deals
Great prices on hot selling Mac products from your favorite Macintosh resellers.

Special Offers
Promotions and offers direct from Macintosh developers and magazines.

Software
Browse the software section for over 17,000 Macintosh applications and software titles.

Hardware
Over 4,000 peripherals and accessories such as cameras, printers, scanners, keyboards, mice and more.

© All information presented on this site is copyrighted by The Mac Observer except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another .