“Stocks opened higher Monday as investors welcomed falling energy prices and a report that Apple Computer Inc. was talking with Intel Corp.about using its microprocessors in its Macintosh computer line,” The Associated Press reports. “Wall Street was cheered by the report as such a change would possibly be the biggest shift in the Mac’s makeup since it came out in 1984 and a potential cash cow for Intel.”
AP reports, “An Apple move to Intel’s chips would make Macs far less expensive — a major hurdle in Apple’s ongoing battle with cheaper PCs already using Intel processors and Microsoft’s operating system. The possible deal, reported in The Wall Street Journal, could spell trouble for IBM Corp. , Apple’s current supplier.”
Macs are cheaper than PCs, and their processors are faster too. – Paul Murphy, “Will Apple switch to Intel?” – May 23, 2005.
Apple added $1.27 to $38.82 in morning NASDAQ trading.
Full article here.
MacDailyNews Take: Sometimes you just have to chuckle at the market. Wall Street understands Apple about as well as Ping-Pong balls understand chocolate pudding.
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