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Technology Stocks : Apple Inc.
AAPL 277.96-0.3%Dec 8 3:59 PM EST

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To: Randy Tidd who wrote (11407)4/15/1998 6:45:00 PM
From: Dylan  Read Replies (1) of 213174
 
I expect more than 0.38 for the next two quarters. Remember, this is traditionally the weakest quarter for Apple.

So, I think a still conservative estimate is something like:
0.33 Q1
0.38 Q2
0.45 Q3
0.50 Q4
----
1.66 Yr

PE of 21 for Apple would then allow price to approach 35. However, a company that is further along in its turnaround phase deserves a higher PE than one that has yet to show it really can turn around.

-Dylan
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