Apple Computer Inc shares were the only technology stock to increase in price as Wall Street crashed on Monday (CI No 3,277). The reason it beat the trend were rumors that Steve Jobs, after basking on the beaches of Hawaii, had decided to take up the full-time position as the company’s chief executive officer. Jobs, of course, always vowed that he wanted to return to Pixar Animation Studios Inc, the 3-D computer animation outfit. Those investors rushing into Apple stock might note that the third quarter results from Pixar out this week show net profit down 62% and revenue 60% lower at $5.3m. If Jobs takes the Apple job it might be a better idea to invest in Pixar.
