Apple 1 Computer from 1976 Goes for 388K at Christie’s and 2 Other Hot Stocks to Watch
Apple, Inc. (NASDAQ:AAPL): Current price $422.81
An original Apple computer from 1976 built by Steve Wozniak has sold at auction for almost $388,000. The Apple 1 was one of the first Apple computers ever built, and it went for $387,750 at a Christie’s online-only auction. The buyer’s name was not reported, but the seller was a retired school psychologist from Sacramento. Vintage Apple products have become much sought-after following the death of Apple co-founder Steve Jobs in October 2011.
Dell, Inc. (NASDAQ:DELL): Current price $13.36
A vote on the proposed $24.4 billion sale of Dell Inc. is now just over a week away, and Carl Icahn is trying out a new tactic, urging fellow Dell shareholders on Wednesday to begin preparing appraisal rights for their shares. The unusual move could yield a payout that surpasses the $13.65-per-share that Michael S. Dell and the investment firm Silver Lake offered. Basically, shareholders would have to vote against the leveraged buyout, and then ask Delaware’s court of chancery to “appraise” the actual value of their shares. Icahn points out that there exists a 60-day period in which shareholders may demand appraisal rights, and then withdraw the request and accept the $13.65-a-share offer.
Oracle Corp. (NASDAQ:ORCL): Current price $31.17
Oracle announced it is leaving the NASDAQ, and will instead be listed on the NYSE. The action marks a big loss for NASDAQ, with Oracle being a key tech company, as well as one of the biggest, most-traded securities on the exchange. When it moves, Oracle will also surrender its spot on the Nasdaq-100 index, which is the benchmark for the PowerShares QQQ ETF, along with equal-weight versions First Trust NASDAQ 100 Equal Weighted Index Fund, and Direxion NASDAQ-100 Equal Weighted Index Shares.