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![]() Apple approaches 52-week high By Jeff Pelline Staff Writer, CNET NEWS.COM April 16, 1998, 2:00 p.m. PT update Apple Computer today edged closer to a 52-week-high, a day after it posted better-than-expected earnings for its second fiscal quarter. The PC maker's stock closed up 1.19 today, at 28.63. It has traded as high as 29.75 and as low as 12.75 during the past 52 weeks. As reported, Apple said yesterday that it
Under acting chief executive Steve Jobs, Apple has posted profits for two straight quarters. Many analysts praised Apple's quarterly performance, but some remained cautious about declaring a full-fledged turnaround until a full year's worth of results is logged. Apple holds its shareholder's meeting on April 22. Among other computer makers, Compaq (CPQ), IBM (IBM), and Hewlett-Packard (HWP) were down in morning trading.
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