AAPL
APPLE INC. $153 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 869.6 million; Market cap: $133.0 billion; WSSF Rating: Average) plans to start selling its new iPhone in the United Kingdom on November 9, at prices similar to the U.S. version.
Although the iPhone connects to the Internet at slower speeds than comparable European devices, other features …read more »
APPLE INC. $93 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 861.9 million; Market cap: $80.2 billion; WSSF Rating: Extra risk) has started shipping its new “Apple TV” set-top device, about a month behind its original schedule. This product uses wireless technology to transfer movies and other videos from a computer to a regular TV set. …read more »
In the past year, the SEC has investigated more than 120 companies over the backdating of executive stock options. The agency thinks companies improperly or illegally manipulated the exercise price on stock options they granted to their managers, to expand the manager’s profits at the expense of investors.
Only four of our recommendations are on the SEC list. Any restatements will …read more »
SONY CORP. ADRs $44 (New York symbol SNE; Conservative Growth Portfolio, Manufacturing & Industry sector; WSSF Rating: Above average) will have to absorb part of the $400 million cost to recall faulty batteries it sold to computer maker Dell Inc.
Sony feels the recall will have only a small effect on its profits. In its first fiscal quarter ended June 30, …read more »
APPLE COMPUTER INC. $62 (Nasdaq symbol AAPL; WSSF Rating: Extra risk) is fighting a proposed law in France aimed at spurring competition in the legal music downloading industry.
Right now, customers can only listen to songs downloaded from Apple’s iTunes online music store on Apple’s iPod music player. The new law would force Apple to re-program these files to play on …read more »
APPLE COMPUTER INC. $74 (Nasdaq symbol AAPL; WSSF Rating: Extra risk) has risen eight-fold for us since we first recommended it at $9.50 in November 2000. Much of this rise is due to the huge success of its iPod digital music players.
The company sold 14 million iPods in its first fiscal quarter ended December 31, 2005, up from 4.6 million …read more »
