Apple Computer stock hit a ten-year low today of 13-3/16, falling 7.5
percent. Last Thursday, an unidentified investor thought to be Steve Jobs
sold off 3.4 million shares of Apple stock, causing the stock to fall
dramatically. Today, analysts blame the drop on Power Computing, the most
successful Macintosh clone maker, which recently announced an IPO based on
PCs, not Macs.
Microsoft CEO Bill Gates, in a speech to 5,000 educators at the National
Educational Computing Conference in Seattle said "I think the Macintosh is
going to continue to be very, very important in the educational environment
for a long, long period of time." However, he urged attendees to provide
students with the technologies they would use in the real world: Windows
personal computers.
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