Here Comes the Climb (1/2/98)
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Jump back-- AAPL's on the rise. Apple stock gained 3 and an eighth today, to close at 16 and a quarter. That's a one-day rise of about 24%. Not bad.
Why the spike? Newsbytes thinks it's due to two factors. Firstly, today was the first trading day in 1998, and the abnormally low price of Apple stock in the past few weeks is attributed primarily to end-of-year loss selloffs for tax purposes. Secondly, MacWorld Expo kicks off on Tuesday, so there's only a couple of days in 1998 to buy before Steve's keynote, and some people on Wall Street may expect a 100% spike the likes of the one that occurred after last August's Microsoft surprise.
Will AAPL continue to rise? Well, we at AtAT don't claim to know anything about the stock market, but our guess is that the stock will spike before and during the MacWorld Expo keynote address, after which it will either stay up or gradually level off, depending on how much substance Steve can provide. All we can say is, we're a little bummed that we weren't able to buy at 13...
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And Now For A Word From Our Sponsors |
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| | The above scene was taken from the 1/2/98 episode: January 2, 1998: (Sorry—this was before we started writing intro text for each episode!)
Other scenes from that episode: 322: Apple Club Clubbed (1/2/98) In what could only be described as a long-overdue mercy killing, Macintouch reports that the Apple Club has finally been shut down, just less than a year after its problematic introduction. We were unable to connect to the Apple Club site to confirm this, but that fact in itself should tell you something... or, at least, it would, if not for the fact that people have always had trouble connecting to that site... 323: Approaching Reality (1/2/98) Connectix's VirtualPC is already a miracle, as we've previously noted-- It lets a Powermac G3 266 run Windows NT at speeds about equivalent of a Pentium 133-166. That's plenty fast for most occasional use (though games-playing is another matter)...
Or view the entire episode as originally broadcast... | | |
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