Apple Inc (AAPL)

[roni]

Good post Lango,

I am in essential agreement with it. I bought a small position a couple of days ago in part because I think the momentum has a way to go. I think there is a chance (I'd say somewhere around a 25% chance at this point, strictly my guess), that enough of the iPod crowd will buy the G5 iMac that it will pop CPU sales over the next 2 years--very little of that will cannabilize existing sales. When I say enough of, it does not need to be a high percentage of the iPod crowd. I bought thinking it might be a good ride through January of 2006, but we all know the risks of holding Apple too long and of trying to predict what will happen in the tech market short-term.

I don't think MSFT's entry into the music market will hurt Apple tremendously. It is and will continue to be a rapidly expanding market. I think the introduction of the G5 iMac may be the first time we see Apple's non-CPU business bring growth to part of the CPU side. It is a big maybe which is part of why my position is a small one :).

Ron