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Takeover Rumors Shore Up Apple Stock

Apple Computer officials informed investors last week to expect a drop in stock prices because holiday sales are lower than expected. Analysts say the stock won't be affected due to takeover rumors.

Apple Computer officials cautioned investors last week to expect a dip in stock prices due to lower-than-expected holiday PC sales. However, the stock closed with only a $3 decrease due to new rumors of the company's impending sale.

Analysts attribute the holding pattern to rumors of an Apple takeover that continue to incite investor speculation that a big deal is in the works.

In recent months, a number of unsubstantiated reports have surfaced that Apple is being sold--some said to IBM, others to Hewlett-Packard.