Apple stock soared to $88.3125 at the close of trading on the Nasdaq, Friday. This followed renewed votes of confidence in the company from analysts, the most recent statement of support coming from Andrew Naff, of the investment group Bear Stearns.
With all major analysts agreeing that Apple shares are, at the very least, a strong hold and the market viewing Apple shares as a definite buy, its future on the Nasdaq looks good, say industry observers. Analysts standing firm behind Apple include Credit Suisse First Boston, Deutsche Bank, and Standard and Poors.
Apple’s stock values look set to overtake Microsoft’s (Microsoft shares now stand at $91.563). The current per-share value is already greater than Intel’s and Cisco Systems’. Analysts are predicting Apple’s share value will move into the $90's
In the wake of Judge Jackson's "Findings of Fact" in Microsoft trial, more change could come according to industry pundits. A potential sell-off of Microsoft shares, with investors placing more confidence - and more money - in companies like Apple Computer is widely expected. The IT world waits to see if Motorola's recent announcement of a ramped-up production of G4 chips serves to solve Apple's inventory nightmares.