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Technology Stocks : Apple Inc.
AAPL 278.08+0.8%3:59 PM EST

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To: David Semoreson who wrote (405)10/18/1996 2:09:00 PM
From: GS_Wall Street   of 213185
 
After listening to VLSI's confernece call they made mention to Apple. Their comments were Apple had a small negative effect on current quarters earnings but they were very positive (regarding the Apple account) because bookings at Apple were strong for the 4th quarter. This indicates that Apple is moving product through the channel as opposed to stuffing the channels. Apple is addmiting that this current quarter is somewhat uncertian due to product transistion namely powerbooks but going into calender 1997 they will start to grow again. At these prices a little growth could yield close to $2.00 in earnings next year. You value the company 15 times equals $30. Should see that easy by next Apple earnings report.
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