RSSApple Drops on iPod Delay Rumor
By the Betanews Staff | Published June 29, 2006, 2:30 PM
Shares of Apple fell Wednesday to their lowest levels in eight months after a financial analyst said Apple would not debut new versions of its players until the fourth quarter at the earliest. Shaw Wu, analyst with American Technology Research, said that a switch of suppliers was his reasoning for suspecting a delay. Wu had believed Apple would refresh its product line starting in the summer quarter with the Nano, and later the video iPod during the holiday quarter.
The delay would push each launch a quarter behind, Wu said. If true, it could mean a wait of as much as a year for new iPods. The iPod nano was released in October, and some analysts have warned sales have begun to slow. Wu said there could be an upside to the delay, as it could mean a better spacing of iPod launches during 2007.
So, one guy makes a statement that shipment will be delayed based upon his assumptions, and the stock tanks?!?! Nice system. And the U.S. Govt wants us all to forgo the SS system in favor of investing our retirement savings.
Right, and pigs will fly then too....
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Did you check the quote of AAPL? It's up 5%, the market on average is up 3%. Don't just blind believe everything BN put out.
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no, let the corrupt government continue to loot the SS funds. Get a clue... privitization of SS doesn't mean investing in risky stocks....
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For your information, EVERY stock is a risky stock. There is this little thing called a stock market crash, in 1929, and again in 1989. So, you get a clue. Maybe they should've invested in "proven" stocks like, oh, I don't know, perhaps Enron, WorldCom, Global Crossing, etc... ALL these stocks at one time were considered very low risk. Yeah, low risk for the CXX level folks, but not for the shmoe who was CONNED out of their retirement fund, or the STATES that lost pensions because of it. So, don't give me that bull#### that privatization of my SS money is not investing in risky stocks. Frankly, I'd rather not wait to see if you are right....and be living on catfood in a box on the street, next to you.
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bcortez you are right.
just like the 401k program was supposedly designed to supplement pension plans-- not supplant them.
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