“Charles Wolf, a celebrated Apple Inc. analyst at Needham & Co. who jumped to Wall Street after teaching at Columbia Business School for almost two decades, has died,” Stephen Miller reports for Bloomberg. “He was 81.”
“He died on Oct. 28 at his Manhattan apartment, his wife, Margot Wolf, said yesterday. The cause was lung cancer. He had been working through the weekend reviewing Apple’s latest financial results, she said,” Miller reports. “Wolf was often sought out by business journalists for his views about Cupertino, California-based Apple. He also wrote the technology newsletters Wolf Bytes and Wolf Bits.”
“His first call as an analyst was a sell recommendation on Commodore International Ltd., an early PC maker. When the stock subsequently tanked, Wolf’s star rose,” Miller reports. “‘Like the aging baseball rookie in ‘The Natural,’ Charles R. Wolf came to Wall Street late in his career, but not too late to become a home run hitter,’ the Journal said in its profile.”
“Wolf’s next big call, in April 1985, was a prescient buy recommendation on Apple when it traded at around a split-adjusted 38 cents a share. He remained enthusiastic about the company. It closed yesterday at $107.34,” Miller reports. “His home office ‘looks like an Apple showroom,’ his wife said in a telephone interview.”
Read more in the full article here.
MacDailyNews Take: This past January we called Charlie Wolf “one of the best Apple analysts.” Wolf was a reliable voice of reason for many years. We’ll miss his Apple analysis. Charlie left some big shoes to fill over at Needham & Co.
R.I.P., Charlie.
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