Apple Inc (AAPL)

[fmikehugo]

07:44 AAPL Apple Computer target raised to $65 at Fulcrum (55.17 ) -- Update --

Fulcrum raises their tgt on AAPL to $65 from $53 and raises their Dec qtr est. While still just midway through the Dec qtr, signals from the co's component supply chain, together with shortened delivery lead times, make them believe the co may not be as severely constrained meeting very strong demand for both its iPods (traditional and mini) and new flat panel iMac G5s. Firm raises their Dec qtr rev/EPS ests to $3.23 bln/$0.51 from $2.86 bln/$0.41 (well above initial guidance $0.39-$0.42). (Briefing.com note: Note that Piper Jaffray raised their tgt on AAPL to $100 this morning... see 7:08 comment.)