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Technology Stocks : Apple Inc.

AAPL 278.37

+0.1%

Dec 12 3:59 PM EST

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To: Sam Scrutchins who wrote (11585)	4/16/1998 1:18:00 PM
From: David Semoreson	Read Replies (1) of 213176

So AAPL beat estimates for the quarter by 20 cents and this guy raises his annual estimate by 15 cents ?!? Well at least he was quick. >>Gerard Klauer Mattison & Co analyst Lou Mazzucchelli said that he raised his fiscal 1998 and 1999 earnings estimates on Apple Computer Inc., after the company reported a better-than-expected second quarter. -- Mazzucchelli said he raised fiscal 1998 estimates to $1.50 a share from $1.35 previously << This analyst also says $1.70 next year. Anderson said "year-on-year" sales growth in the 1st qtr. That means over $1.6 billion. He also said margins of at least 23% and expenses continuing to fall. $1.6 x 23% - 300 is the minimum first quarter. This is $68m or .47/share. More likely is 1.7 x .24 - 290 = $118m or .81/share. The average of these 2 estimates is .64/share (roughly double same Q this year). Doesn't look like $1.70 for the year to me. I guess that Anderson still hasn't got enough credibility with this guy. Everyone stay calm ... shareholders meeting next week, WWDC next month. We will be in the $30's. ** David

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