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Technology Stocks : Apple Inc.

AAPL 278.77

+0.6%

11:56 AM EST

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To: Marc Newman who wrote (11140)	4/14/1998 8:21:00 AM
From: Phillip C. Lee	Read Replies (1) of 213176

The wild card is the education spending--if Apple can show two quarters of profitability, it should help the fence sitters. And if school districts are as flush with technology grants as we've been reading, look out. It depends on whether or not schools have budgets to buy more computers. Federal budget has 50b+ surplus in '98, where it could run as high as 100b if everything is running smoothly (based on Washington Post). Besides, state/county governments have extra incomes from tax payers due to their increased salaries, investment gains. Hence, schools will have more sufficient funds to invest in everyting, including new hardware/software installations. At least, the phenomenon occurred in where I live. Phil

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