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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (2110)	6/7/2007 10:56:33 AM
From: The Reaper	Read Replies (1) \| Respond to of 6370

Gawd, check this out... "Piper Jaffray analyst Gene Munster raised his price target on Apple's stock to $160 a share from $140, and estimated that Apple could sell 45 million iPhones in 2009. Apple will release the iPhone on June 29. Munster based his estimates on a belief that 2009 will result in the biggest growth adoption rates for the iPhone." That would mean that every AT&T Wireless subscriber would purchase the iPhone in 2009 because AT&T has an exclusive for 5 years from launch this month. These analysts have no clue about what they are writing. They don't even have 45 million subscribers yet.