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Make Like A Banana &... (12/9/99)
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You knew it couldn't last forever, right? Apple's stock just kept going up and up, hitting a new all-time closing high every day-- until a couple of days ago. After peaking at 118 earlier in the week, AAPL lost nearly 8 points on Wednesday, and almost 5 more in Thursday's trading session. Is it the beginning of the end, or just a "buying opportunity"?
Well, don't head out on the ledge just yet, because no less an authority than Apple's head money dude Fred Anderson is predicting big things for Apple's stock. We don't subscribe to TheStreet.com, so we can't read the relevant article for ourselves; instead, we rely on MacNN to slip us the juiciest details. Apparently Fred and the boys are "hinting at an impending stock split"-- something that hasn't happened to Apple since 1987. And beyond that, Fred reportedly told an investment bank fund manager to expect "a price of 200 per share and another stock split next year." Does that sound nuts to you? Well, when AAPL was hovering around 30 a year ago, would you have believed it'd be well over 100 today? Fred's got reason to crow. And hopefully he won't have to eat that crow later.
By the way, that's not all Fred told that fund manager. He also said that Apple will beat Credit Suisse First Boston's Q1 estimate of an 88-cent-per-share profit. Holy Repeat Street-Beating Performance, Batman! Something to keep in mind when we dredge out our quarterly Beat The Analysts contest in a couple of weeks... (Update: at broadcast time, AAPL had rebounded to over 108... and then dropped to 103. D'oh!)
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SceneLink (1964)
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 | | The above scene was taken from the 12/9/99 episode: December 9, 1999: It just wouldn't feel like Christmastime without an Imatec press release to spread a bit of holiday cheer. Meanwhile, Apple's stock gives way, but money guy Fred Anderson hints at Big Things To Come, and is there some bizarre cosmic connection between airport luck and AirPort performance?...
Other scenes from that episode: 1963: 'Tis The Season For PR (12/9/99) It's the holiday season, and everyone's getting into the spirit. That one perpetually bubbly coworker of yours is dressing in red and green every day and singing "Jingle Bells" all day long. The house down the block has so many lights on the yard its raw candlepower per square yardage officially qualifies it as a landing strip... 1965: Stranded At O'Hare (12/9/99) How's your luck in airports? Are you one of those lucky people who's never had a flight canceled, never lost a bag, and thrives on reheated airport food and the scintillating conversation of beaming individuals handing out religious pamphlets?...
Or view the entire episode as originally broadcast... | |  |
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