Apple Computer shares up strongly to hit new intraday all-time high near $80

Shares of Apple Computer (AAPL) are up $2.37 to hit a new all-time intraday high of $79.90 per share in moderate volume (10,855,108) NASDAQ trading today. The company on Monday announced the revamp of its line of PowerBook G4 portable computers. The company will now offer five versions of the PowerBook at prices between $1,499 and $2,699.

Apple’s 52-week closing high, set on January 31, 2005, stands at $77.89. Apple’s old all-time closing high stood at $69.562 and pegged $71.00 in intraday trading back on March 28, 2000.

NASDAQ Apple quote (15-minute delay) here.


    The market cap of Apple is now over $32 Billion (US), Apple has $6.5 Billion +/- in the bank and no debt. Now is the time to go shopping, it’s the most American thing to do, while interest rates are low.
    May I offer a menu of possibilities:

    Adobe- market cap 14.5-15 Billion. Own the creative suite and get a boatload of developers in the deal. Make sure that Adobe CS runs best on Mac forever.
    Macromedia- market cap 2.5-3 Billion. Maybe Apple can make Flash render faster on the Mac.
    Novell- market cap similar to Macromedia. Own a big chunk of Linux and get a bunch of enterprise stuff and developers in the mix.
    Electronic Arts- market cap (gulp) 20-21 Billion. The ultimate FU to Microsoft and Sony. Control the dominant Game Developer in the World. Gives a whole new meaning to “Plays for Sure” doesn’t it?

    Do it. My vote is for EA. It’s the biggest meal, but the upside would be awesome and has the least potential regulatory problem.

  2. I’d recommend buying a chunk of adobe if possible to ensure that killer apps like photoshop don’t disappear along with the other apps they killed on the mac. I think buying it outright would be a mistake as Apple would end up killing the Windoze versions like they did for some of the other products they bought.

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