This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Apple Updates Educational PC

Apple Computer (AAPL) is updating the eMac, its desktop computer targeted at students and teachers.

The company is discontinuing its old version, which was based on the original CRT monitor iMac, and replacing it with a version based on the company's latest consumer-oriented desktop computer, which includes a built-in LCD screen.

The new version will include an Intel (INTC) processor, and while it will have a smaller hard drive and less sophisticated graphics capabilities than a regular iMac, it will carry a price tag of about $900, which is about $400 less than the low-end iMac.

It's also losing the eMac moniker.

Apple began selling the new "education configuration" of the iMac on Wednesday. The company has ceased production on the original eMac and will sell out its remaining stock through its Web site and sales representatives.

Although computers based on Microsoft (MSFT) Windows have long ruled the corporate world, Apple has had a strong presence in the education market. And the space remains an important one for the company; about 12% of Apple's sales were to education customers in its last fiscal year.

Apple introduced its original eMac in 2002 as a low-priced alternative to its mainstream offerings for education customers. When the company launched the computer, it was based on an already outmoded design. A few months earlier, the company had replaced its original iMac with a lamp-stand-shaped LCD version.

Although Apple had updated the processor and specifications of the eMac after it introduced the computer, it never revised the design.

The company introduced its new all-in-one LCD iMacs in 2004 and added Intel processors to them in January.

The lowest-end iMac, which Apple sells for about $1,300, has a 160-GB hard drive, a "super drive" that will read and write DVD discs and a discrete graphics card from ATI Technologies (ATYT). In contrast, the education iMac will have an 80-GB hard drive, an optical drive that will read but not write DVDs, and a less expensive integrated graphics card from Intel.

Both computers come with a 1.83GHz dual-core Intel processor and 512MB of memory.

Shares of Apple were off $1.08, or nearly 2%, to $56.87 following the announcement.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs