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Technology Stocks : Apple Inc.

AAPL 277.96

-0.3%

3:59 PM EST

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To: borb who wrote (9736)	3/19/1998 11:50:00 AM
From: Michael Feldstein	Read Replies (1) of 213173

Yes, I'm familiar with all of those arguments. I believe that Apple is going to be worth $50/share by the Summer; I just don't think the market will pay that much for it yet. It has taken a lot to shake the perception that Apple is dying. In fact, the only thing that really did it is proven profit. I don't agree with Van Wang, but he still represents a majority opinion of Apple out there. I don't think that people will be willing to bet that Apple is worth it's all-time high valuations until there are several consecutive quarters of profits (+ positive earnings surprises) and a growth plan that is clearly already working. That's not a bad thing; in fact, for me it increases my window of opportunity to scrounge up more money to buy shares. Long-term, I'm very bullish. Short term, while I expect $32 after earnings announcement and wouldn't be shocked at $40, I think there is still enough Apple skepticism to stop the rise short of $50. I'd love to be wrong, though. -Michael

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