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Technology Stocks : Apple Inc.

AAPL 259.35

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From: HerbVic	1/3/2007 3:30:56 PM
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Apple retail commitment, headcount surge over 55 percent By Katie Marsal and Kasper Jade Published: 02:00 PM EST With its total store lease commitments fast approaching $1 billion, Apple Computer has no plans to slow development of its extremely successful retail segment and will utilize approximately $360 million in capital expenditures during the 2007 fiscal year to facilitate new store openings. That represents an 80 percent increase over fiscal 2006, when it spent $200 million to open 41 new retail stores, including a total of 10 international stores in the U.K., Japan, and Canada. During that same time, the company's total retail lease commitments also rose from $609 million to $887 million. <snip> appleinsider.com

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