View Full Version : Apple Shares Fall on Needham Downgrade

12 December 2004, 03:15 PM
"- Apple Computer Inc. shares fell Friday after Needham & Co. downgraded the stock to "hold" from "buy."

In lowering the rating, the company said any future earnings increases, particularly from the iPod music player, have already been priced into the stock,

Shares of the Cupertino, Calif., company finished at $62.68, down $2.53, or 3.9 percent, on heavy volume on the Nasdaq Stock Market. The stock is still almost three times the price it was at the beginning of the year. "

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12 December 2004, 04:24 PM
NEW YORK (Reuters) - Apple Computer Inc. (NasdaqNM:AAPL ( - News ( rose 1.8 percent before the bell on Monday after Bear Stearns raised its share price target on the company to $72 from $60.

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