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

To: WebDrone who wrote (24497)	5/1/1999 3:14:00 AM
From: el vez	Read Replies (1) \| Respond to of 213177

Does anyone know when the release date for the powerbook imac is? This announcement which may be forthcoming, will have an "imac like" effect on the mac's future. Especially, since they are supposed to be "imac priced".

To: WebDrone who wrote (24497)	5/1/1999 1:33:00 PM
From: Richard Habib	Read Replies (1) \| Respond to of 213177

Apple shares rise on product hopes By Bloomberg News Special to CNET News.com April 30, 1999, 4:00 p.m. PT Apple Computer shares rose as much as 9.6 percent on optimism that the maker of the iMac home computer will unveil new products and benefit from rising consumer demand. Cupertino, California-based Apple closed the day at 46, an increase of almost 7 percent with 12.9 million shares trading hands, making it among the most active stocks in U.S. markets. Shares of the company earlier touched 47 1/8 and have gained 12 percent this year. "There's a lot of anticipation that Apple will show a bunch of new products from now though August. That's creating a buying interest and good volume in the stock," said Charles Wolf, a Warburg Dillon Read LLC analyst, who rates Apple a "buy." One of the more anticipated new products due in the next few months: a new notebooks for the consumer market, a segment which the company has not competed in for some time Apple also is set to kick off its Worldwide Developers Conference in San Jose, California, on May 10, and the semi-annual MacWorld show in New York in July. New products are historically announced at these shows. Optimism about the PC market in general may be benefiting Apple as well, analysts say. Recent reports show that PC shipments rose a more-than-expected 19 percent in the first quarter. That's seen as positive for Apple, Wolf said. Meanwhile, PC sales at large electronics stores in Japan rose 67 percent in the week ended April 11 from the year-earlier period, Nikkei Market Access reported. Japan traditionally has been one of Apple's biggest markets. Another factor, more large investment houses are getting on board and encouraging their customers to buy into Apple, said Lou Mazzuchelli, an analyst with Gerard Klauer Mattison. Earlier this week, Goldman Sachs analyst Richard Schutte raised his rating on the stock to "recommend list" from "market perform." "I think the shockwave is finally starting to hit from Goldmans' upgrade," Mazzuchelli noted. Apple is also starting to get more aggressive in promoting itself to Wall Street analysts and asking why it isn't valued as highly as other PC companies, comments which analysts are paying attention to, he noted. The company may start using some of its $2.8 billion in cash for stock buybacks, which would help boost the share price, Schutte noted in his report. News.com's Jim Davis contributed to this report. Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: WebDrone who wrote (24497)	5/1/1999 1:35:00 PM
From: Richard Habib	Read Replies (2) \| Respond to of 213177

Motorola, Intel settle lawsuit By Dan Goodin Staff Writer, CNET News.com April 30, 1999, 5:05 p.m. PT Motorola has settled a lawsuit accusing Intel of illegally hiring away employees from the Motorola division responsible for the PowerPC microprocessor, the two companies announced today. Terms of the settlement were not disclosed. The companies said they expect the lawsuit, which was filed in Texas state court in Austin, to be dismissed within the next two weeks. Motorola sued Intel in March, alleging that Intel violated laws against trade-secret misappropriation when it hired about 15 PowerPC designers away from Motorola. Motorola sought a court order forbidding the engineers from taking positions in Intel where Motorola trade secrets would be used. Motorola alleged that Intel first hired away Mark McDermott, the head of Motorola's Somerset design center in Austin. Ten days later, Motorola, claimed, Intel announced plans to open a similar center nearby. Intel spokesman Chuck Mulloy declined to discuss the settlement except to say that it "addresses the concerns of both parties." Representatives from Motorola could not be immediately reached for comment.