Rumors of the demise of the school field's traditional favorite computer maker apparently are greatly exaggerated, but so perhaps are reports that Apple Computer Inc. is out of the emergency room and moving smartly down the road to full recovery.

Apple posted a $47 million quarterly profit. That came as a big relief to those K-12 decision makers who've lurched awake at 2 a.m. worrying that their beloved old Macs would be good for nothing but door stops if Apple's troubles went on much longer.

Shares of Apple Computer Inc.

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