Holy crap! 
Apple Tops $400, Chases Exxon as Most Valuable
http://www.bloomberg.com/news/2011-...n-exxon-as-world-s-most-valuable-company.html
Apple undervalued at $404.
"In order to be conservative and to avoid ridiculously high valuation predictions," he writes, "I will assume further P/E compression (12 and 10) and earnings growth cooling off in 2012 and 2013 (respectively, 80% and 60%). Barring any market meltdown, I predict that one year from now AAPL will be at $550 or more, $650 by the end of 2012, and at least $850 by the end of 2013."
http://tech.fortune.cnn.com/2011/07/26/is-apple-undervalued-at-404/
Apple Tops $400, Chases Exxon as Most Valuable
http://www.bloomberg.com/news/2011-...n-exxon-as-world-s-most-valuable-company.html
Apple undervalued at $404.
"In order to be conservative and to avoid ridiculously high valuation predictions," he writes, "I will assume further P/E compression (12 and 10) and earnings growth cooling off in 2012 and 2013 (respectively, 80% and 60%). Barring any market meltdown, I predict that one year from now AAPL will be at $550 or more, $650 by the end of 2012, and at least $850 by the end of 2013."
http://tech.fortune.cnn.com/2011/07/26/is-apple-undervalued-at-404/