Today's News On One Page
November 30th, 1999
| [4:40 PM] Chat With The CEO Of ComGrafix by Staff MyMac.com is hosting their weekly chat tomorrow night (Wednesday night). This week, they are chatting with the CEO of software development firm. According to MyMac.com:
So head over to World Without Borders for the MyMac chat tomorrow night! |
| [4:30 PM] Mac Gamers Petitioning For Homeworld by Staff DemandMac.com has started a new petition. This one is designed to help get Homeworld to the Mac. If you are interested in this game coming to a Mac near you, head over to DemandMac.com and sign the Homeworld Petition! The Mac Observer Spin: As always, the best way to get more games to the Mac is for Mac gamers to buy more Mac games! So after you sign the petition, head to a retailer or online vendor and buy that Mac game you have been eyeing for the last month! It is profits for the game developers and publishers that will bring the most new titles to our platform. |
Apple shares soared as high as 103 3/4 today as two upgrades awoke Wall Street to both Apple strong growth potential going forward and their currently undervalued position in comparison to the other PC vendors. Kevin McCarthy, an analyst with Donaldson Lufkin Jenrette, said Apple's world market share could grow into the "double digits" in the next few years. Mr. McCarthy raised his 12-month target price on Apple to $140. He also raised his 1st quarter estimate to $0.90 from $0.87 and raised his gross sales target by $100 million to $2.1 billion in the quarter. "Demand for the entire range of Apple's products, from the new consumer iBook and multi-model iMac series to the professional PowerMacs and PowerBooks, is very robust and supply is improving," according to Mr. McCarthy. JP Morgan also raise its price target on Apple to $115, saying AAPL will "remain popular with investors gauging Apple's competitive momentum in the consumer PC market, robust anticipated consumer spending overall, and the likelihood of great excitement at the MacExpo trade show." Apple was up 3 5/16 to end the session at 97 7/8 on above average volume of 7.5 million shares traded. The Dow gave up 70 points (0.64%) to close at 10877.81 on a volume of 956 million shares traded. The Dow was up as much as 100 points, but lost it all in the last hour. The Nasdaq lost 85.16 points (2.49%) to end the session at 3336.21 in what was the first really big sell-off in this recent run up. Volume was very strong at 1.5 billion shares traded, the forth largest Nasdaq volume on record. A healthy dose of profit taking was administered by investors in every tech sector. Some of the downside was attributed to end of the month balancing of accounts by fund managers. However, Nasdaq 100 futures, which represent the high tech stocks, were down over 3.00% in late trading, indicating that the profit taking will continue tomorrow. The S&P 500 lost 18.92 (1.34%) to close at 1388.91. 30-year Treasury bond were up 7/32 to close at 97 24/32, the yield fell to 6.29% from 6.30% yesterday. Bond traders are calling it an "oversold technical bounce", not the start of a new up trend. November employment numbers are coming out on Friday, that should give traders some idea of the Fed's direction next year. Consumer confidence rose this month to 135.8 from 130.5 in October after four months of steady decline. A rating of above 90 is considered good, so 135 must mean consumers are besides themselves with euphoria. The National Chicago Purchasing Manager Index for November was down to 56.8% from 58.8% in October, a bearish sign for bonds. Today was a mixed bag for Apple related stocks. Akamai continued to defy gravity up 10 points to 237. Arm Holdings advanced 3 3/4 to close at 148. While Adobe lost 2 7/8 to end at 68 11/16. Macromedia got clobbered, down 3 5/8 to close at 65 3/4. Apple's Power PC partners, Motorola and IBM were both down. IBM declined 1 1/8 to close at 103 1/16, while Motorola gave back 5 1/4 to end at 114 1/4. Apple's competitors were lower across the board. Gateway got the big boot from investors down 2 3/4 to close at 76 3/8. Hewlett-Packard and Compaq joined them in the losers circle. Only Microsoft advanced on the news that their lawyers are in Chicago to discuss a settlement with the DOJ. Dell came out today with a consumer desktop PC priced between $1,000 and $2,349 depending the configuration. The Webpc as it is called comes in four iMac-like colors as well as forfeiting the legacy ports and floppy drive. Investors weren't impressed, Dell shares traded down 3/4 to close at 43. The hurdles Dell will have to overcome to be successful in the new user market space are its lack of a retail presence and the fact that new users demand pampering which could put added pressures on Dell's margin. For full quotes on all the companies mentioned in this article, we have assembled this set of quotes at Yahoo! for your reference. We also have many of these same quotes reported live (20 minute delay) on our home page. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.
[4:15 PM] Apple Stock Watch: Apple Crosses the Century Mark, But Couldn't Hold It
by Wes George
| [2:30 PM] Holiday Gift Suggestion Of The Day: Clean That Mouse (For Cheap)! by Staff This begins a daily series we will do until Christmas. We are providing a Holiday Gift Suggestion of the Day for Mac users looking for the perfect gift for their loved one. For those not celebrating any hoolidays, treat yourself. :-)
If you have a Gift Suggestion we should post, tell us about it! |
Product:
| [11:50 AM] Put Your Web Site On A Public Beta Diet by Staff Blue Line Studios is seeking beta testers for a new HTML code editor, WebsiteDietician. The new program aims to help condense and simplify HTML code, thus making HTML elements smaller and faster to download. According to Blue Line Studios:
For more information, or if you are interested in being a beta tester, visit the Blue Line Studios web site. |
| [11:50 AM] DJs Of The World Rejoice by Staff Fidelity Media, Inc. has updated the DJ mixing application, MegaSeg, to version 1.2. MegaSeg allows users to mix MP3 and QuickTime tracks using the same interface. The new version includes a number of feature enhancements and bug fixes. According to Fidelity Media:
MegaSeg is available for US$125. A limited demo version is available. For more information you can visit the MegaSeg web site. |
| [11:50 AM] MAC-O-RAMA Sheens Into The Holidays With A Sale by Staff MAC-O-RAMA is gearing up for the holidays by having another one of their sales. The company is has also made an effort to have many of today's most popular game titles in stock, and on sale. According to MAC-O-RAMA:
For more information, you can visit the MAC-O-RAMA web site. |
| [11:50 AM] Cohesion For Your Mac by Staff Macohesion has posted their December 1999 show entitled Finding of Fact Against Microsoft. The Macohesion show is and editorial perspective on the Mac industry and community. According to Macohesion:
To hear this month's show, in QuickTime format, visit the Macohesion web site. |
| [12:50 AM] The Xhatch Files: Pen & Ink In Photoshop by Staff Inklination Inc. has released a new Photoshop filter, Inklination Xhatch 1.5. Inklination Xhatch brings pen-and-ink effects to Photoshop, and is replacing the Crosshatching filter. According to Inklination:
Inklination Xhatch is available for US$25. A demo version is also available. You can find more information at the Inklination Inc. web site. |
| [Updated 8:55 AM] Wall Street Analysts Bullish On Apple by Staff CNBC is reporting that DLJ, or Donaldson, Lufkin & Jenrette, as well as a "number of other firms" has raised Apple's stock target price. DLJ has raised their target to US$140 from US$90. JP Morgan has raised their target to US$115. The analysts seem to be pleased with Apple's general performance and are looking for a blowout quarter for the company. From Bloomberg:
Apple is trading up between 3 and 4 points at the opening of the Nasdaq this morning. The Mac Observer Spin: A "Top Pick" rating is mighty fine. Kevin McCarthy has long recognized Apple's potential when other analysts were stuck in the past when it came to Apple's future. Mr. McCarthy has been well ahead of the curve by often being the first to raise his estimates of the company. Apple should trade well today and could close above US$100 for the first time ever. Though DLJ and JP Morgan are have somewhat of a spread for their target prices, both prices are quite respectable. In particular, the US$140 target from DLJ should really get traders going. |
| [8:30 AM] Creepy-Crawly Edutainment Titles Updated by Staff The Mac-Stacks Emporium has released an update to its educational children's game series Creepin' Critters. Creepin' Critters Math has been bumped to version 4.2.1 and Creepin' Critters Clocks has ben updated to version 1.1.1. The biggest change in the updates are better Mac OS 9 performance. According to The Mac-Stacks Emporium:
The updates are free to registered owners of the titles. The full version of each is priced at US$10 while a site license is available for US$50. You can find more information and download links at the company's web site. |