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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: joe micieli who wrote (7706)	1/15/1998 1:35:00 AM
From: GS_Wall Street	of 213173

Apple starting to get good mention from a analyst. The tide is starting to shift and yes Apple is still cheap below $20 per share. ""That revelation raised confidence in the earnings. "Lots of people thought the numbers came from smoke and mirrors," said Tim Bajarin, an analyst at Creative Strategies. "But it was a quality earnings statement." Suddenly, there appears to be a "light at the end of the tunnel," he said. But producing a low-priced computer will be critical to Apple's ability to get new customers. In the first quarter, the majority of Apple's sales were to existing Apple computer owners, and the average price of an Apple computer was $2,400. Bajarin said he expects Apple to introduce a low-priced Macintosh, but one that is optimized for Java, a computer language especially suited to network computing. That may distinquish the machine from PCs being offered by competitors, such as Compaq Computer Corp. (CPQ). ""

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