Shares of Apple Computer, Inc. (AAPL) dropped $3.74, or %5.20%, in morning NASDAQ trading to fall to $68.11 on heavy volume of 31,250,549 shares.
Apple news has been dominated recently by three iPod- and/or iTunes-related lawsuits which have received widespread media coverage.
Success breeds litigation. A buying opportunity?
Related articles:
Judge allows antitrust suit against Apple for iPod+iTunes illegal ‘tying’ to proceed – February 06, 2006
Contois Music & Technology sues Apple for patent infringement in iTunes software – February 06, 2006
The useless iPod ‘potential for hearing loss’ lawsuit – February 05, 2006
Report: Apple iPod hearing loss lawsuit headed by Microsoft retained trial lawyer – February 02, 2006
iPod user sues Apple over hearing loss [UPDATED] – February 01, 2006
gotta look at this in broader context. not every apple stock owner is following apple specifically, some are following tech sector in general, and as i understand it, apple’s decline mirrors the sector.
DISCLOSURE: I am not into stock “voodoo” , BUT:
I would be selling short on Google – BIG TIME.
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