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

March 22nd, 2000

[11:20 AM] Apple Hits 140 In Intraday Trading For The First Time!
by Wes George

Apple's stock (AAPL) briefly touched US$141.25 this morning for a new intraday all time record high before settling back into the US$130s. AAPL is experiencing a massive price surge after dipping to US$114 as recently as March 14th.

It's hard to believe, but one year ago this week AAPL was trading in the US$32-35 range, while naysayers were predicting the end of the iMac "fad" and the continued decline of the Mac platform.

Although there is no specific news out of Cupertino driving the stock higher, it appears that investors are piling in ahead of Apple's earnings announcement for the 2nd fiscal quarter of 2000 on April 14th. A number of analysts are expecting unusually strong Mac sales in this normally weak season.

Other investors may be attracted to AAPL at this time because of the eminent release of OS X. Yesterday, Apple announced Steve Jobs will deliver the opening keynote address at this year's Worldwide Developer Conference (WWDC), which takes place May 15-19 at the San Jose Convention Center in San Jose, California.

The press release quoted Mr. Jobs, "This conference will be the most important event of the year for Mac OS X developer and marketers. We're planning for the biggest and best developer conference in Apple's history."

Apple also has yet-to-be-announced plans for some variety of stock split later in the year. We won't even mention the numerous unconfirmed rumors of wireless and/or handheld products in development.

The Mac Observer Spin: It must be very gratifying for long term AAPL investors, who have put up with a lot of negative nonsense over the years, to watch Apple triumph. Apple's vocal opposition is dwindling. For example, James Poyner, a once influential PC analyst who consistently declared Apple dead, lost his job at CIBC Oppenheimer late last year. According to Eric Yang of aaplinvestors.com, "Oppenheimer quietly withdrew its "sell" rating on AAPL a few month ago when the analyst left the company."

For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.

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 .