Thomas Weisel Partners: Intel Transition is 'Proving Difficult'
Thomas Weisel Partners: Intel Transition is 'Proving Difficult'
by , 2:40 PM EST, March 6th, 2006
Financial research firm Thomas Weisel Partners on Monday issued a research report in which it said that its "checks with Apple specialist resellers across the U.S. found there is soft demand for Macs and a lack of supply for the Intel-based notebook products," according to MarketWatch's Michael Baron. It also found that 65% of the resellers it interviewed think the transition will negatively impact Apple's earnings this quarter.
However, the firm maintained its "peer perform" rating on the stock and did not change its earnings estimates. Analyst Kevin Hunt believes that the stock is currently valued at a "high but reasonable" level and that Apple has growth opportunities ahead of it.
At 2:23 PM EST on Monday, Apple shares were selling for US$65.15, down 3.8%, or $2.57, for the day. The company's stock peaked at $86.40, its 52-week high, shortly after January's Macworld Expo but has declined steadily since then, with the exception of brief bounces above the $70 mark.
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Mon Mar 06, 2006 4:29 pm Subject: Perfect name for a financial services firm
Mon Mar 06, 2006 4:54 pm Subject: Weak demand, but not enough supply?
I was holding out for an intel mac, but I don't like what I'm seeing (cost/lack of a normal size pci slot, etc). I buddy of mine is offering a 2005 PowerBook G4, 1.5Ghz with 1G RAM, 80G HD, MS OFFICE Suite, Airport, Bluetooth, new superdrive for $1300. What do you think? Deal/No Deal? Is it obsolete already? Please let me know. Thanks. -2003 ibook guy
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