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Technology Stocks : Apple Inc.

AAPL 276.67

-0.8%

3:20 PM EST

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To: Moonray who wrote (149094)	1/24/2013 2:24:44 PM
From: Keith Feral	of 213173

Sacconaghi of Bernstein kept his outperform rating on the shares, noting that "sentiment is low, valuation is compelling, and several potential catalysts exist," adding that "at some point, the cash has to matter," adding that Apple has about $145 per share in cash on its balance sheet. $145 in cash basically puts the stock price around $310 right now. Everyone will be talking about the fortress balance sheet as the stock forms a base around these levels at $450. Apple has plenty of time to recover from today's hit, best to get it out of the way. Positive catalysts Dividend hike and stock buyback T Mobile next quarter for the iPhone New products in June End of lock up period for the iPhone 4S by June DoCoMo and China Mobile I see another boost of 10 million iPhones per year from last year basically taking hold. New demand from new carriers should boost demand another 10 million next year. With Apple making 10 iOS products per second, they are well on their way to better demand as the lock up periods for the iphone 4S expire in a couple months. I wouldn't be shocked at all to see them doing 100 million iOS devices by this December. Too bad it's mid Janaury!

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