On Wall Street, Apple Computer stock hit an all-time high today at $88.60 per share. Apple's remarkable recovery and climb has been based on the iPod mega-hit. In 1997, the stock was a bargain basement price of $3.00. Ten years later and almost a 30-bagger (a Peter Lynch term), Apple's future is promising. What lies ahead? Industry rumors abound that Apple is about to launch the iPhone - a mobile phone coupled with iTunes music-playing technology and instant-messaging capabilities. Perhaps we will see the debut of the iPhone at the annual San Francisco MacWorld Expo in January.

Can any one provide a graphic of the iPhone? I bet Taiwan's Hon Hai Precision can - they just landed a contract to build 12 million of the hand-held mobile devices, according to Forbes.com. If the iPhone does exist and sells like the iPod, watch out - Apple could be a 50-bagger, based on its 1997 price.

Happy days are here again for Apple Computer!

Pierre Cutler
The Sacramento Executive