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Prudential is lowering earnings estimates on Apple Computer to a first quarter loss per share of 36 cents from a loss of 24 cents. For 2002, Prudential is forecasting earnings per share of 61 cents from 84 cents.

BN AMRO said on Wednesday that it had lowered its price target on Apple Computer Inc. (AAPL.O) to $20 from $25, one day after the computer maker said it was ready to launch the new version of its OS X operating system this weekend.

Apple's fiscal 2002 earnings per share forecast was cut to
30 cents a share from 55 cents a share, on revenue growth of 5
percent, down from 18 percent.

And then there's:
Saudi billionaire Prince Alwaleed bin Talal said he is confident that the U.S. economy can withstand "jitters." Talal is one of the world's richest men, with a fortune valued at $20 billion as of May. "The American economy is solid and I am not selling anything. I will not sell any of my shares in any company,' the prince said in a statement to Reuters. He then added, "Years ago, when I placed my confidence and hence my investment dollars in the U.S. stock market, I did not act emotionally." But watching CNBC is one of Talal's passions--it's hard to imagine that pastime isn't upsetting the high-energy investor's stomach a little. U.S. investments in his Kingdom Holding include: $9.65 billion in Citigroup , $1.1 billion in News Corp , $932 million in AOL Time Warner , $534 million in Four Seasons Hotels and Resorts , $314 million in Apple Computer and $300 million in Compaq Computer .

Takin my advice from one of the 15 richest men in the world
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