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 Technology Stocks : Apple Inc.

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To: J.F. Sebastian who wrote (27426)1/13/2000 8:44:00 AM
From: HECTOR RUBERTRead Replies (1) of 154124
 
MORGAN STANLEY UPGRADED AAPL TODAY...TARGET $120!!

This call was based on the recent slump of 26% from its highs set in Dec. The analysts contacted the company and verified their bookings as solid and their year projections are right on track. The analysts Upgraded to Market Outperform from Neutral based on valuation at a steep discount to expected growth.

They feel really good about this call and see no reasons for the recent weakness. Advise clients to take advantage of the current weakness as earnings growth remain solid and this quarter earnings will be the best in company's history as it relates to sales.

Just mentioned on CNBC.....

Hector
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