Year: 2003

Apple stock jumps on analyst upgrade

Shares of Apple hit a 52-week high Wednesday after Charles Wolf of Needham & Co. upgraded the Mac maker to “buy” from “hold,” citing strong iPod sales and a potential Power Mac rebound. Wolf also raised his 2003 earnings per share estimate to 23 cents and his 2004 forecast to 60 cents from 50 cents. After rising to $19.48 in earlier trading, Apple shares ended the day at $19.12, up 93 cents, or 5.11 percent.

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Steve Jobs meets the Segway

An excerpt from “Code Name Ginger,” a new book on the development of the Segway scooter, gives a glimpse of a “combustive” meeting that Apple CEO Steve Jobs attended to give his first impressions of the device. Among several pieces of advice, Jobs reportedly said: “I think it sucks. Its shape is not innovative, it’s not elegant, it doesn’t feel anthropomorphic.

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