Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:
Apple Shares Reach All-Time High [MarketWatch.com]
Summary: Apple shares soared yesterday after analyst rumors about the development of an Apple iPhone reached investors. The phone would have the same music-playing and instant message capabilities as existing iPod products. Release date and possible partners for such a product remain unclear. Investors also cheered the expected sales of 14 million iPods in its current fiscal quarter, which coincides with the holiday season. Yesterday, Apple stock climbed $2.13, up 2%, to close at $88.60.
Related links: Media coverage: Reuters , MSNBC. Commentary: Report: Apple Developing iChat Smartphone • Apple's iPhone Would Undermine Carriers' Handset Domination • Bear Stearns: Apple iPhone Should Add $6 Billion Revenue. Conference call transcripts: Apple F4Q06 (Qtr End 9/30/06) Earnings.
Potentially impacted stocks and ETFs: Apple (NASDAQ:AAPL) • Competitors: SanDisk (SNDK), Microsoft (NASDAQ:MSFT), RealNetworks (NASDAQ:RNWK), Creative Technology (OTCPK:CREAF), Sony (NYSE:SNE) • ETFs: NASDAQ 100 Trust Shares (QQQQ), Internet Architecture HOLDRs (NYSE:IAH), PowerShares Dyn Hardware&Con Electronics (PHW), iShares Goldman Sachs Technology Index (NYSEARCA:IGM), iShares S&P Global Technology (NYSEARCA:IXN), iShares Dow Jones US Technology (NYSEARCA:IYW).
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