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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,795.16
(
0.00%
)
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Teri Garner

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Teri Garner

Re: None

Wednesday, 08/01/2007 9:06:18 AM

Wednesday, August 01, 2007 9:06:18 AM

Post# of 704019
APPL Apple: Upgrade details (131.76 ) : As mentioned at 6:51 Citigroup upgraded AAPL to Buy from Hold and maintained their $160 tgt following Tuesday's $10 or 6.8% pullback. The firm says iPhone and iPod production cuts should not be a surprise, saying iPod production cuts reflect normal channel inventory clearance ahead of Aug/Sep new Price product intros. The firm say iPhone production cuts reflect a return to more-reasonable expectations following aggressive initial forecasts to suppliers to insure ample supply for launch. They say production cuts were already reflected in their 2HCY07 ests and consensus before today
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