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Technology Stocks : Apple Inc.

AAPL 260.36

-0.7%

3:59 PM EST

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To: Eric Yang who wrote (16461)	8/11/1998 11:28:00 PM
From: Marc Newman	of 213181

No iMacs in Berkeley yet. Apparently even the 10-store ComputerWare chain can't rate getting one early for demo purposes. Did note that their blackboard showed the 233 desktop as sold out with a price of $1299. Probably won't be seeing more of those at this location. It's beautiful how Apple is managing the inventory. I was thinking I might pick one up if it hit my target price of $1099, but I think one would really have to hunt for one later this year to ever find it at that price. Sure, there will always be bits of inventory that squirt around, only to find buyers very late in the game, but in general Apple isn't losing the kind of money it used to by letting systems hang around too long. Here's a bit more on iMac production: zdii.com Note that our man Mazzucchelli remains very bullish and that GKM raised targets today from $40 to $50. Also, Apple VP Schiller says tens of thousands will be available on Saturday and the same in new shipments every week. Perhaps we'll get Bear Stearns to raise its target tomorrow? Advertising looks good, including 12 page slick inserts in leading magazines: adage.com Marc

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