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January 3, 2008

SAN FRANCISCO (MarketWatch) — Technology stocks began to shake off their doldrums and post some gains in afternoon trading Thursday, as the sector tried to turn back from the previous session’s losses.Needham & Co. analyst Charlie Wolf initiated his coverage of Apple with a buy rating and $235 price target. Wolf said that Apple is entering the “second chapter” of the company’s growth story, and that more focus will be on its Macintosh PC and iPhone

Technology stocks began to shake off their doldrums and post some gains in afternoon trading Thursday, as the sector tried to turn back from the previous session’s losses.

Needham & Co. analyst Charlie Wolf initiated his coverage of Apple with a buy rating and $235 price target. Wolf said that Apple is entering the “second chapter” of the company’s growth story, and that more focus will be on its Macintosh PC and iPhone

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