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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (49886)	1/4/2006 11:12:59 AM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 213172

Piper Jaffray research analyst Gene Munster maintained an "outperform" rating and $80 price target on Apple Computer (nasdaq: AAPL - news - people ) and included the stock in his top picks for calendar 2006, along with Adobe Systems (nasdaq: ADBE - news - people ) and Avid Technology (nasdaq: AVID - news - people ). "Investors believe the easy money has been made, but we see more upside potential in Apple's business, and sentiment suggesting that growth has peaked leads us to believe that Apple shares will respond positively to any outperformance," wrote the analyst in a recent research note. While 2005 was a year of iPod innovation, Munster believes 2006 will be a significant year for Macs, with the incorporation of technology from Intel (nasdaq: INTC - news - people ) and introduction of new form factors leading to the launch of several new PC products. Furthermore, the research analyst said a Mac gain of 0.5% PC market share in 2006 could add 10% to his per-share earnings estimate, while a 1% market share gain would add 18%. "For top picks in calendar 2006 we chose three companies that we believe: have a healthy base of customers, are likely to benefit from identifiable changes in the industries in which they are focused, and have catalysts coming in the form of significant new product introductions," said the analyst. On Adobe and Avid, Munster has "outperform" ratings and respective price targets of $45 and $65. [I'll give you five Chartman for one Munster!!] :)