Apple stock reaches 52 week high…again
Apple’s stock today reached it’s 52 week high, trading as high as $54.56. Many tech stocks rose today, spurred by the news that Microsoft Corp. and Palm Inc. were set to unveil a new Palm smartphone that runs on Microsoft’s Windows operating system. Apple’s rise was also spurred in part to a recent analyst upgrade by Bear Stearns to outperform. All this comes despite reports that Apple may be late in delivering it’s Intel-based machines, and that many users have found problems with their iPod nano displays inexplicably failing, and cracking.
