S&P upgrades Apple
Standard and Poor's analyst Richard Stice on Friday upgraded shares of Apple from a 4-star "Buy" to a 5-star "Strong Buy," saying the most recent formal disclosures surrounding its stock-option issues are helping to alleviate lingering uncertainty for the company.
"While the entire scenario is cause for concern, we believe these formal disclosures will help alleviate lingering uncertainty for the company," he wrote. "Moreover, we think fundamental business drivers remain intact."
Stice maintained his 12-month target price of $110 on shares of Apple.
Month of Apple Bugs tips-off
A security analyst who vowed that January would be the "Month of Apple Bugs," is making good on his promise this week with an inaugural bug listing titled "Apple Quicktime rtsp URL Handler Stack-based Buffer Overflow."
The issue has been successfully exploited in QuickTime Version 7.1.3 and Player Version 7.1.3, according to the report. Previous versions should also be vulnerable on both Microsoft Windows and Mac OS X.
Apple posts teaser on website
Apple this week updated the landing page of Apple.com with a new graphic and teaser for the new year. "The first 30 years were just the beginning," the company wrote. "Welcome to 2007."
As noted by MacRumors, the last time Apple posted pre-Macworld teasers was in 2002. In that instance, the company changed its teaser text daily in the week leading up to Macworld San Francisco 2002.
Graphic teaser appearing at Apple.com | Source: Apple Computer, Inc.
"This one is big. Even by our standards," read one message. "Beyond the rumor sites. Way beyond," said another.
The 2002 conference eventually gave way to the flat-panel iMac, a 14-inch iBook, iPhoto and the first Macs to ship with Mac OS X as the default operating system.