Taking Stock in Apple (4/27/99)
SceneLink
 

Yowza! For the past week, we've been holding off on mentioning Apple's stock price because we didn't want to jinx anything, but at this point there's no way we can sit idly by and pretend that nothing's happening. After a fairly long stretch at hovering in the mid-thirties, AAPL started to see a slow rise-- not because Apple reported their sixth consecutive Street-beating profit, which Wall Street responded to with a big fat yawn, but rather because IBM announced better-than-expected results. Strange how the world works, hmmm? Of course, the IBM-influenced bump is nothing compared to what's been happening over the past couple of days.

See, apparently the key to stock performance is how well that stock is rated by all these analysts running around. Strangely enough, Apple's ratings are consistently quite a bit lower than one would expect for a company that's doing as well as it is. Recently, though, some of the analysts are coming around and getting past the age-old "Apple is dying" prejudice. Most recently, according to a Reuters article, the firm of Golman Sachs upgraded Apple from "market perform" to their recommended list-- which is apparently their highest rating. And that's what Wall Street pays attention to, because by the end of the day, AAPL had leaped up over four points to settle at 45.75-- within spitting distance of the year-long high of 47.31 it hit last January. Things are looking up.

We have a feeling this isn't a one-time spike like we see at the big Apple events; something tells us that a higher stock price due to an analyst upgrade is probably more of a long-term gain. Of course, we could be wrong, and there's always the jinx factor. However, we feel that the only way we could really jinx Apple's stock price would be to actually buy some AAPL. As it stands, we fulfill our duty to Apple's continued financial success by utterly refraining from owning even one share of stock, since our bad luck with money matters is legendary. If we had bought AAPL at 16, it'd currently be hovering around 12. So if you're reaping the benefits from Apple's stock performance, just remember whom to thank.

 
SceneLink (1488)
And Now For A Word From Our Sponsors
 

From the writer/creator of AtAT, a Pandemic Dad Joke taken WAYYYYYY too far

 

The above scene was taken from the 4/27/99 episode:

April 27, 1999: Following a much-needed upgrade by a Wall Street firm, Apple's stock shoots towards a twelve-month high. Meanwhile, iMac envy is all too obvious in the case of A-Top's new PC enclosures...

Other scenes from that episode:

  • 1489: "Beauty" That's Skin-Deep (4/27/99)   You knew it was only a matter of time before the iMac knock-offs started appearing, right? After all, given that the iMac is one of the most successful computers of all time (yes, we're just making assumptions, so don't ask for proof), it was obvious from the beginning that some companies would try to figure out just what made the iMac so darn popular and then incorporate that "iMacness" into their own products...

Or view the entire episode as originally broadcast...

Vote Early, Vote Often!
Why did you tune in to this '90s relic of a soap opera?
Nostalgia is the next best thing to feeling alive
My name is Rip Van Winkle and I just woke up; what did I miss?
I'm trying to pretend the last 20 years never happened
I mean, if it worked for Friends, why not?
I came here looking for a receptacle in which to place the cremated remains of my deceased Java applets (think about it)

(1287 votes)

Like K-pop, but only know the popular stuff? Expand your horizons! Prim M recommends underrated K-pop tunes based on YOUR taste!

Prim M's Playlist

DISCLAIMER: AtAT was not a news site any more than Inside Edition was a "real" news show. We made Dawson's Creek look like 60 Minutes. We engaged in rampant guesswork, wild speculation, and pure fabrication for the entertainment of our viewers. Sure, everything here was "inspired by actual events," but so was Amityville II: The Possession. So lighten up.

Site best viewed with a sense of humor. AtAT is not responsible for lost or stolen articles. Keep hands inside car at all times. The drinking of beverages while watching AtAT is strongly discouraged; AtAT is not responsible for damage, discomfort, or staining caused by spit-takes or "nosers."

Everything you see here that isn't attributed to other parties is copyright ©,1997-2024 J. Miller and may not be reproduced or rebroadcast without his explicit consent (or possibly the express written consent of Major League Baseball, but we doubt it).