Year: 2001

Analyst sees possibility for Apple warning

Alyssa Jaffey of IdeaAdvisor says investors should not be surprised if Apple issues an earnings warning between now and the end of the quarter on June 30. Weak iMac sales, flat G4 sales, the continued weakness of the economy, the lack of an Internet/PDA device, and an uncertainty regarding the success of Apple’s retail stores are cited as the reasons for the possible warning.

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Palm CEO denies takeover rumors

Palm CEO Carl Yankowski today refuted speculation that the company was in talks regarding a buy out. “No one has approached me and I have no comment consequently,” Yankowski told Reuters. Rumors have abounded that Palm, whose stock is trading around an all-time low of $5, is poised for a takeover. Apple, which previously attempted buying Palm before the company went public, has been one of the companies named as prospective purchaser.

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