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Technology Stocks : Apple Inc.
AAPL 259.95-0.4%3:59 PM EST

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To: May Tran who wrote (16946)8/19/1998 7:31:00 PM
From: Essam Zaneldin  Read Replies (2) of 213182
 
Some good news:

>>Wednesday August 19, 3:33 pm Eastern Time

Apple new iMac sells out at most retailers

CUPERTINO, Calif., Aug 19 (Reuters) - Apple Computer Inc. said Wednesday that retail channel reports indicate record consumer demand for iMac personal computers which went on sale Aug. 15, with many retailers sold out and taking orders for delivery from next weekend.

''iMacs sold out at most of our dealers this past weekend,'' said Steve Jobs, Apple's interim chief executive, in a statement. ''We are refueling them with tens of thousands more for this weekend.''

Apple is supporting iMac with the largest marketing campaign in its history, including more than $100 million in paid media advertising this calendar year.

The company's stock jumped to a nearly three-year high after its launch of the new personal computer. It was last trading at 42-7/8, up 5/16 on the day.

The sleek computer, which is priced at $1,299, marks the computer company's re-entry into the consumer market.<<

source:
biz.yahoo.com

(sorry if this was posted before)..
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