Apple Computer is the Teflon tech stock

“You’ve heard of the Teflon Don and the Teflon president. Apple Computer is the Teflon tech stock,” Paul R. La Monica reports for CNN/Money. “Shares of the iPod maker have held up well during a turbulent market. And there’s more room to grow.”

“There is a rather lengthy laundry list of concerns facing the company. So considering how jittery the market has been for the past few months, it’s truly amazing how well shares of Apple have held up,” La Monica reports. “Guess what: I still think Apple looks attractive. Here’s why.”

Full article here.

20 Comments

  1. c,
    Lighten up man, we’s just funnin’.

    “I wouldn’t buy Apple stock even if Bill Gates slipped some in my drink.”

    Yeah Ron, we know all about you. Different story altogether if he used it as a suppository though; you’d be on it like a Rottweiler on a pot roast. Asking for ketchup even.

  2. Jas:

    HUH?

    Are we gonna have to re-hash that old bit about MS investing in Apple?

    Apple and MS have nothing to do with one another other than MS looking to Apple for R&D.

  3. “If you buy shares in Microsoft, a piece of Apple is included.”

    Jas,

    Sorry to break it to you, but you’re parading your ignorance by repeating that old rubbish. Here goes:

    As part of the undisclosed 1997 settlement between Apple and Microsoft regarding the infamous “look and feel” lawsuit, Microsoft agreed to buy $150 million worth of Apple’s non-voting stock, as well as promising to continue to produce Microsoft Office for Macintosh for five years. It had the added effect of being a fig-leaf during the DoJ’s anti-trust suit against MSFT (“See? We do support other platforms!”). Microsoft has long since sold that stock for a handsome profit (after the original iMac became a runaway hit and Apple’s stock climbed to over $50 per share), and even though the agreement has expired, they have continued to produce Office for the Mac. Gates is no idiot; they still earn good money from Mac users.

    Summary: Microsoft NEVER “bought” Apple, certainly not for the laughable sum of $150 million, and currently owns no Apple shares. If you don’t have a clue, borrow one for God’s sake.

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