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Technology Stocks : Apple Inc.
AAPL 278.79-0.7%Dec 5 9:30 AM EST
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To: Thomas Chiou who wrote (1223)2/6/1997 12:19:00 PM
From: mike kennedy   of 213173
 
Thomas,Book value is misleading;what you think your warehouses, factories and equipment are worth are two different things at auction time.Whats important is how much cash you have in hand and how much "BANK" indebtness you have.Theres always Intelectual property but how do you put a price on that?This may be disputed but last time I heard Microsofts book vaue was around $5.00.In any case Apple is looking like a buy but with risk;after all, where is the bottom?

All thr Best Mike.
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