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Apple Could Be Setting Up for a Run


Plus, how other tech stocks are shaping up.

Editor's Note: The following was posted in real time on our premium Buzz & Banter (click for a free trial).

"Apple: Product Catalysts Ahead; Reiterate Overweight - Morgan Stanley" is a nice piece, and I was just going to say I think Apple is setting up for a run as alluded to two days ago when I wrote on the Buzz about Apple (AAPL), Google (GOOG), and Goldman Sachs (GS). I'm adding to Apple first of the three. As I've stated previously, the iPhone is a platform and the "iNetbookkiller" product may be as big (or bigger) as the first in the line -- the 2.5G iPhone.

The more I think about this product the more I think this will spur a huge infusion of Apple Computing share into the enterprise, which would be the next holy grail for Apple share price over time.

Much like Cisco (CSCO), the value of Apple's hardware has to do with the underlying software. Once you get hooked on the functionality you stick with the next generation of hardware advancements.

  • Rambus (RMBS) -- increased its share buyback. I don't really like share buybacks, never have in fact. But others do and Rambus will be selling much higher in due time. It is below its settlement spike and that settlement was watershed for it.

  • Solars -- is it the ultimate market tell now? It is minutely higher currently. I stated yesterday Sunpower (SPWRA) may be nearing a durable low.

  • CommScope (CTV) may do it to me again. I took my scalp and it's still moving north.

  • What's this I hear about Cisco and some new tech? Wonder if it will coincide with some real government stimulus for the group in March.

  • Wasn't that 60 Minutes special about the Bloom box interesting? Could the IPO market be primed for a 2010 flourish after a death in the first quarter?

  • One thing I don't want to see is too much new supply.

  • Brocarde (BRCD) -- I'm now positive on my premarket Brocarde buy. I'm hanging on, as I said it's a buy in the $5s and a sell close to or over $7.

  • Verigy (VRGY) -- I think that report was better than the stock has acted.
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Position in AAPL, GOOG, GS, BRCD, RMBS

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