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Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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To: Matthew Johnson who wrote (12976)	5/6/1998 8:24:00 PM
From: Phillip C. Lee	of 213176

<<All, Richard Habib said that Apple does not have a PE because we haven't had 4 quarters of profit. Can we get a PE for 2 quarters or at least calculate what it should be for 2 quarters?>> We always can get PE of two quarters. At the current price, PE of the past two quarters is about 21.3. However, if you notice the current and next quarters are going to be a lot better than the past two quarters (which expected earnings on the lower bound are $0.5 each), then PE will become 17.7. You should pick the one more comfortable to you. Phil

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