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Technology Stocks : Apple Inc.
AAPL 277.96-0.3%Dec 8 3:59 PM EST

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To: Eric Yang who wrote (6041)11/9/1997 2:52:00 PM
From: Richard Habib   of 213174
 
I'm trying to keep this as an investment and not trade it but I'm also worried about the aftermath. It would be a real shame to have to sell on the pop since by all indications this is the beginning. But we have to face a couple of facts, first there are alot of shares out there that have been held for a long time in the 40+ and those folks are going to remember how the stock declined this last time. Second, there are alot of morons out there who probably do expect an announcement to translate into immediate revenue/earnings streams. We've got a long way to go, at least to the end of next year for real improvement that could support relatively high prices. So I think the key is how Jobs trickles out the follow-on announcements to this one. He has to play a tricky game of keeping the momentum up until earnings come on line. I'm relatively confident that can be done but you can't help but be cautious.

Rich
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