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Technology Stocks : Apple Inc.

AAPL 278.85

+0.5%

Nov 28 9:30 AM EST

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To: Bud Fox who wrote (8992)	3/2/1998 8:14:00 PM
From: Phillip C. Lee	of 213173

Bud, I feel some guilty letting you get into the market a little be earlier. Luckily, the market rebounded back to 22.75 in the final 30 minutes. It's about your buying price. Today's computer stocks were driven by Compact CFO's announcement regarding products prices, and Compaq's current quarter prospects, and bonds selloff. Almost all coputer stocks were down. Compaq's CFO did mention that prices cuts will not impact the margin due to cheaper parts, such as memory, disk, CPU. I think although Apple cuts its G3's series prices, the margin probably could sustain with the same reasons. Besides, the sales volume might increase due to cheaper prices. I start to believe 4m is the threshold for Apple. We'll see if that is true in the next couple of weeks. The final hour's rebound provides us a better chance to advance after the open hours tomorrow. Phil

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