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Technology Stocks : Apple Inc.

AAPL 256.44

-0.7%

Jan 28 3:59 PM EST

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To: Doren who wrote (5499)	10/16/1997 4:19:00 PM
From: Marc Newman	of 213183

Doren, you're right about the response to the quarterly announcement. What I was saying last night, no big deal. Sure, we gapped down further than I thought, but that was the end of it. The techs got killed today, otherwise Apple might've closed above 22, just like it was Monday. I can't believe we don't have a better network here to check on non-US sales. This earnings report really brought it home to me. If we'd just had one bug in Japan, I might've been convinced to get out yesterday with a good profit on my trading position. To my mind it was Japan that killed the quarter. Figure they came in up to $200 million less in revenue just from Japan. If they'd hit that number they would have a $20 million operating profit and the whole deal would've been much different. Good luck, Marc

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