Updating APPLE INC., J.P. MORGAN CHASE & CO., ALCOA INC. and HARTE-HANKS INC.

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APPLE INC. $204 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 900.7 million; Market cap: $183.7 billion; Price-to-sales ratio: 5.0; WSSF Rating: Average) has won its court case against Psystar Corp., a Miami-based company that sells computers that run on Apple’s Mac operating system. Apple refuses to let other computer makers use its software, and the court upheld its copyright. A separate hearing in December will determine what damages Psystar may have to pay. While the amount will likely be small, this ruling will help protect Apple from competition from cheaper computers. Apple is a buy. J.P. MORGAN CHASE & CO. $42 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.9 billion; Market cap: $163.8 billion; Price-to-sales ratio: 1.8; WSSF Rating: Average) will buy the 50% of Cazenove Group that it doesn’t already own. Cazenove is a U.K.-based investment-banking and brokerage firm. In February 2005, Morgan paid roughly $300 million for half of Cazenove. It will now…