Apple Shares Jump 7.2%

Business and Technology News, San Francisco Chronicle: Business
Mon, 11/19/2012 - 10:51pm

Apple shares jump 7.2% Despite investor concerns about product shortages, stiffening smartphone and tablet competition, and management changes, demand for its products remains strong and the stock slide is unfounded, Brian White, an analyst at Topeka Capital Markets, said in a research report Monday. "The sell-off in Apple's stock over the past eight weeks has gotten to the point of being 'insanely insane' given the depressed valuation, new blockbuster products for the holiday season, the attractive long-term growth opportunities that lie ahead and the company's ability to distribute significant cash flow to investors," White said. Cisco Chief Executive Officer John Chambers is seeking to capitalize on the boom in demand for smartphones and tablets in the workplace by snapping up a company that helps businesses manage security and wireless access points via the Internet. online privacyGoogle's Safari settlement OKdGoogle's $22.5 million agreement with the U.S.

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