Apple Computer "market perform"

06/09/04 - Piper Jaffray

NEW YORK, June 9 (New Ratings) – Analysts at Piper Jaffray maintain their "market perform" rating on Apple Computer Inc (AAPL).

In a research note published yesterday, the analysts mention that Apple Computer’s share price movement is expected to be driven by the initial response to the company’s newly launched Airport Express product. The company is also expected to benefit from the sale of additional wireless networking cards, the analysts add. The company’s performance is dependent on the spending trends in the education, consumer and creative professional markets, Piper Jaffray states.