| Apple stock rose back above 45 as other computer stocks all took a ride on Hewlett-Packards coattails. Analysts were ecstatic about HP announcing a better than expected quarter.
Apple closed at 45 1/4, up 7/8 or 1.97% on slightly lower than average volume of 3,729,500.
IBM, Compaq, Dell, and Gateway 2000 also joined the happy party with HP which closed up 6 7/8.
Apple will also be having a meeting with press analysts tomorrow which probably also helped the stock.
The Mac Observer Spin: Why is it that HP's good results can bring Apple and other PC makers up with them? Analysts love to see good news in the tech sector (of course). They think that the health or lack of health of one manufacturer can often translate into good news or bad news for their competitors. This is a grand over simplification of course, and it is certainly not always the case.
Whatever the case, it is good to see Apple above 45.
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