[techweenie]

From Apple's earnings call:

"Now, as we move ahead into the June quarter, I’d like to review our outlook, which includes the types of forward-looking information that Nancy referred to at the beginning of the call. We expect revenues to be between $33.5 billion and $35.5 billion compared to $35 billion in the year ago quarter. We expect gross margin to be between 36% and 37% reflecting approximately $90 million related to stock-based compensation expense. We expect OpEx to be between $3.85 billion and $3.95 billion including about $500 million related to stock-based compensation. We expect OI&E to be about $300 million and we expect the tax rate to be about 26%."

And an observation from a random commenter on money.cnn:

"I'd like to add one more thing, as to why Apple continues to be sold-off, even as the general market settles and ocassionally moves up.

The question is, who exactly is doing all the selling?

When the whole market sells off, obviously Apple gets hit along with everything else.

But.. one would think that Apple's massive stock buy-back would be able to counter the downward pressure better than it has.

Generally, Apple's stock price moves on news. Either Apple related news, or general market news.

I believe Apple is suffering from an orchestrated take-down by the HFT algos, during a seasonably slow Apple news-cycle.

How else do we explain Apple stock going down when the market goes down AND when the market goes up, with no new bad Apple news?

Apple is being held hostage by the HFTs."

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Dow up 13.X% YTD AAPL down 20% YTD

Definitely an odd situation. thinking about buying...