Shares of Apple Computer shot up another $3.04 on news that the company will report an all-time-high quarterly revenue of $5.7 billion for the fourth quarter of 2005.
SAN FRANCISCO Shares of Apple Computer Inc. shot up another $3.04 Wednesday (Jan. 11) on news that the company's latest iMac computer, based on Intel's Core Duo processor, is in stores six months ahead of schedule and word that the company will report an all-time quarterly revenue of $5.7 billion for the fourth quarter of 2005.
After gaining 3.8 percent Wednesday, Apple closed at $83.90, a 52-week high. According to an Associated Press report, this also represents a split-adjusted all-time high for the company's stock.
Apple stock was up more than $4 in trading Tuesday, the day of the day Steve Jobs announced the early integration and record revenue.
Also Wednesday, Dow Jones reported that UBS raised its price target on Apple to $100 from $86 and maintained its "buy" rating.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.