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On Wall Street, Apple Makes for Some Disbelievers

Stock quotes in this article: AAPL , CREAF , SGTL , AMD , MOT  

Updated from 7:16 a.m. EDT

Apple Computer (AAPL Quote) has a credibility problem.

Shares of the technology pioneer were climbing early Thursday as Wall Street celebrated an extraordinary third quarter and laughed off soft guidance, assuming Steve Jobs will find a way to overcome whatever obstacles exist.

In a conference call Wednesday night, Apple warned that it expects software sales to slow in the current period and expressed concern about how an announced processor transition will affect sales of its Macintosh computer. ...

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