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Technology Stocks : Apple Inc.
AAPL 278.46+0.2%1:32 PM EST

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To: Eric Yang who wrote (8696)2/23/1998 2:06:00 PM
From: Alomex   of 213174
 
I've added the discussion section to Apple Q2 98 Earnings Estimate page.

Good work, Eric!

As I explained before, I believe gross margins will be down for this quarter, to somewhere in the vicinity of 20%.

I think Apple is on course to finish the year with a steady source of profits of about $100-$200 million p.a., while still in revenue decline mode. Thus I consider that Apple at around $20 per share is properly valued. My prediction for share price at the end of the year is $16-$22 per share.
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