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Technology Stocks : Apple Inc.
AAPL 273.40-0.1%Dec 26 9:30 AM EST

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To: smartInvestor who wrote (16582)8/13/1998 9:43:00 AM
From: Eric Yang  Read Replies (1) of 213177
 
Here is what I've been able to gather about CS First Boston's "hold" rating.

As you know CS First Boston analyst Charles Wolf upgraded AAPL back in Jan when Q1 earnings came out. Jimmy Johnson of AG Edwards also upgraded us around the same time. These were two of the most brilliant calls imaginable. These two analyst were among our list of "the Crazy Ones". macevolution.com

Apparently sometimes between Jan and Aug, CSFirst Boston stopped coverage of AAPL.If you look at this article that was posted yesterday, Charles Wolf's comment on AAPL was very positive.
I'll poste the link in a separate post since it is not formating correctly.

So why would CS First Boston initiate coverage with a HOLD? I think Charles Wolf was given a new position. It appears that Wolf has been promoted to a new position. I found this quote in the article. "Charles Wolf, a director in the equity research department at Credit Suisse First Boston" They probably got a new analyst for the computer sector. The new guy must be one of the PC dude...at least we know he is not one of the Crazy Ones... Too bad.

Of course some of this information still need to be confirmed.

Eric
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