Re: Needham upgrades Apple from 'Buy' to 'Strong Buy' Re: Bad night....

4phun <vic.healey@gmail.com> amazed us all with the following in
news:3286e2ec-41fc-4f28-9fb8-8af1b6b228ca@i12g2000prf.googlegroups.com:

> On Jan 22, 10:51 pm, larry <no...@home.com> wrote:
>> "More than $40 billion in shareholder wealth has vanished since the
>> end of December, when Apple's stock hit its 52-week high of $202.96."
>>
>> Apple's down over 11% from closing to 8PM, tonight!
>>
>> Bad night......fasten seat belts.
>>
>> Return tray tables to full upright position.
>>
>> Stewardesses secure the cabin. Turbulence ahead....
>>
>> The captain.
>>
>> PS - Where's the big 4phun announcement of Apple News??
>>
>> He must be talking to his broker, eh Vic?
>
> Needham upgrades Apple from 'Buy' to 'Strong Buy'
> Wednesday, January 23, 2008 - 04:22 PM EST
>
> Needham & Co analyst Charlie Wolf has upgraded Apple (AAPL) from "Buy"
> to "Strong Buy" with a price target of $235.
>
> Wolf wrote in a research note to clients today that the Apple upgrade
> is based "chiefly on the prospect that the current migration of
> Windows users to the Mac platform is likely to accelerate over the
> next several years."

And it continues to drop even today as the markets recover. Down over a
third from it's recent high, it is the ONLY major tech stock (other than
Sprint) to take such a beating and is trending contrary to the industry.

Unless they find some radically new product stream, the company goes the
way of Sony (in terms of relevence) by the end of the year.

Bob wrote:

> Unless they find some radically new product stream, the company goes the
> way of Sony (in terms of relevence) by the end of the year.

It's kind of surprising that they haven't come out with a slew of new
products based on the iPhone platform, only the iTouch. Think of all the
handheld products that would benefit from a platform with a relatively
large LCD, and a relatively large amount of flash. Incremental products
would be relatively low cost in terms of development. If they had a card
slot on the iPhone and the Touch, and Bluetooth on the Touch, and opened
it up to developers, they could sell a lot of these into vertical
applications that are now developing custom products, or basing their
products on the Windows Mobile devices which are more open.

SMS <scharf.steven@geemail.com> wrote in news:479931fd$0$84189
$742ec2ed@news.sonic.net:

> If they had a card
> slot on the iPhone and the Touch, and Bluetooth on the Touch, and opened
> it up to developers, they could sell a lot of these into vertical
> applications that are now developing custom products, or basing their
> products on the Windows Mobile devices which are more ope

That has NEVER been part of the Apple business model....Open access. They
could have had Bill Gates' corporate ass if they had opened up the Apple II
years ago. They had computers that were easy to use by anyone and they
BLEW IT with corporate greed trying to make their computers into a
continuous revenue stream like a SELLphone has become. Micro$oft said,
here it is, here's an SDK, make something out of it......and the 3rd party
developers certainly did....even to a much harder-to-use, less user
friendly system that everyone bought because it has LOTS OF SOFTWARE and
lots of that was, and still is, FREEWARE. To see how important and good
working that is, just check Bill Gates' checkbook balance!

Apple will never learn that lesson......