BusinessWeek is the #4 News Source for Apple Computer
He's maintaining his overweight rating on Apple stock and his $277 price target based on a multiple of 25 times Apple's estimated FY 2010 GAAP earnings per share of $11.10. This morning Apple is trading down nearly $4 or nearly 2% at $202.50.
Yes, I knew Apple would never add Flash. Yes, I knew it was probably an accident that they showed Flash. But Apple, as we see, does nothing without running it past a vat full of lawyers. That they showed Flash on an iPad running on the NY Times website was clearly a mistake and, more [...]
Sat, Jan 30 | from CrunchGear