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Technology Stocks : Apple Inc.
AAPL 286.23+1.0%Dec 2 3:59 PM EST
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To: Instock who wrote (6298)11/11/1997 11:22:00 PM
From: Stephen Leung  Read Replies (2) of 213173
 
Electronic Store

First Impressions:

1. you buy a basic configuration and allowed to add on. It's not ground up built-to-order. Sort of like any other big company like Dell so I can't critize this.

2. Prices look very competitive.

3. It should help shore up Apple sales.

News brief on TV:

1. analysts disappointed no CEO successor yet chosen.
2. Jobs is catering to an existing customer base (he even said on TV that selling to an existing customer is easier) - (Geez, his marketing skills sure lack here considering Apple's market share is almost dropping below 3.3%)
3. Strategy more style than substance.
4. No long term strategy on company's survival.

These are all negative points. The stock was a great buy at the $16 level in the small crash and a good stock to sell before the announcements. I expect it to drift lower again along with the whole market. Currently sitting on cash which is a nice rest considering the market upheaval which has affect tech stocks more.
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