New Apple "Accumulate Rating" b - FYI-AXXel
September 29, 2000: Axxel Knutson, President & Chief Investment Officer [CIO] of TradingWeapon.com in Warren, New Jersey, an OSJ* office of First Allied Securities Inc., an NASD/SIPC member, today initiated coverage in view of the price deterioration in Apple Computer, Inc. [AAPL] with an "Accumulate" rating. According to Knutson, "Apple's profit warning, taking the street by surprise, has brought about an opportunity to purchase Apple at prices not too far off the 1998 base and we think that this [prices under $30] represents an area of value. Should we see trading at or below the $25 level, we would increase our rating to "Buy." Should we see trading at or below the $22 ½ level, we would move to a "Strong Buy" rating. We believe that Apple is far from defenseless in terms of coming to grips with a soft market." TradingWeapon.com is located at 197 Mountainview Road, Warren, New Jersey 07059 TEL: 908-647-5750.
· Office of Supervisory Jurisdiction
AXXel Knutson
www.TradingWeapon.com
axxel@blast.net
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