Apple Inc (AAPL)

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Apple Fundamentals
Remain 'Strongest in Technology'
Maya Roney, 02.15.06, 4:44 PM ET

American Technology Research analyst Shaw Wu maintained a "buy" rating on Apple Computer, expecting the company to continue to grow above market rates over the next one to two years.

"We continue to believe that Apple's fundamentals remain sound and arguably among the strongest in technology, but negative investor sentiment and its weak technicals may indicate further share price downside," wrote the analyst in a research note Wednesday.

"For longer term fundamental investors, we would take advantage of the pull-back to build and/or add to Apple positions."

Late Tuesday, Apple (nasdaq: AAPL - news - people ) released the Mac OS X Tiger version 10.4.5, an updated version of its operating system software for both Intel (nasdaq: INTC - news - people ) and PowerPC Macs.

This update fixes the well-publicized video glitch that Apple had with its FrontRow software on an Intel-based iMac Core Duo, in-line with Wu's expectation that this would be a software fix and not a hardware component problem that many feared would require a recall.

Also on Tuesday, Apple announced that its MacBook Pro is shipping, despite speculation that it may be delayed until April, and with faster-than-expected Intel processors.

Wu's proprietary checks with industry and channel sources revealed that Intel's yields have improved, enabling Apple to ship more high-end Core Duo systems.

http://www.forbes.com/2006/02/15/apple-computer-0215markets12.html?partner=yahootix