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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (39150)	4/18/2001 6:58:28 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Apple Computer Inc. (NasdaqNM:AAPL - news) said on Wednesday that it had turned profitable again in its second fiscal quarter on the strength of new products, beating analyst expectations with the magnitude of its turnaround. ADVERTISEMENT Apple shares shot higher in response to the earnings, extending an already sharp rally. In the after-hours market, Apple shares jumped as high as $27, a six-month high and an 18 percent gain from $22.79 at the regular Nasdaq close. Apple credited its turnaround with the launch of new products and software, including an ultrathin titanium notebook computer and a new operating system for its Macintosh line. ``It was a great new product quarter and there's still more to come,'' Apple Chief Executive Officer Steve Jobs said in a statement. Cupertino, Calif.-based Apple said it earned $40 million or 11 cents per diluted share excluding non-recurring items. Wall Street forecasts had ranged from an 8-cent loss to a 7-cent profit, according to Thomson Financial/First Call.