Barron's Online - Apple Ripe for New Products in April

"WE ARE UPGRADING SHARES of Apple to Buy from Hold with a 12-month price target of $82.
The shares have retrenched from $85 to $63 due to disappointing 2006 first-calendar-quarter revenue and earnings-per-share guidance, flash-memory order cancellations, MacBook Pro supply constraints and a less-fruitful-than-expected product launch on Feb. 28.

While a number of product transitions are conspiring against the company during the March quarter, we expect new products introduced around the company's 30th anniversary in early April to fuel a rebound beginning in second calendar quarter."