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Technology Stocks : Apple Inc.

AAPL 273.79

-0.3%

Feb 10 3:59 PM EST

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To: Annso who wrote (799)	1/6/1997 4:35:00 PM
From: Maher Sid-Ahmed	of 213185

I agree Apple has bottomed out. Selling now would be utterly foolish. I am sure most investors are waiting for the effect of MacWorld on the stock movement. Gil Amelio, said Apple should return to sustained profitability by the end of the second quarter of '97. If this is the case then Apple shares should rise from there on. Other predictions that Apple should reach sales of $10 billion and net profit of $106 mil by the closing of 97. This may bring the share up to $34 assuming a P/E of 40, which most technology stocks seem to be trading at. I think Apple is a good long term investment. Remember Intel was only $58 only a few months ago and IBM was down to $40. So patience and time is on the side of the long term investor. Maher

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