Apple Computer "buy"

06/07/05 - UBS

NEW YORK, June 7 (newratings.com) - Analysts at UBS maintain their "buy" rating on Apple Computer Inc (AAPL). The target price is set to $54.

In a research note published this morning, the analysts mention that the company intends to commence the shipment of Mac with Intel processors within one year. End-users are unlikely to witness a significant difference between Apple Computer’s transition to Intel processors and the company's other hardware upgrades, the analysts say. The company has indicated that it has sold two million copies of Tiger over the past six weeks.