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Technology Stocks : Apple Inc.

AAPL 269.96

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3:59 PM EST

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To: Josh who wrote (1815)	3/20/1997 2:20:00 PM
From: Phillip C. Lee	of 213184

Josh, The Wall Street investors/analysts only focus on revenue and net income. Layoff news is good to the future net income, but meanwhile, Apple also predicted current quarter's revenue is between 1.6-1.7 billions, which is a very bad news to the investors no matter how they interpret the numbers. Well, CFO said two good points: - Apple will have modest net income in 4th Q of 97; - There will be about 9 billions revenue in 97. These two news offset the bad news about the current quarter's revenue. Apple had better not play the number games, otherwise, the punishment will be very severe as early as the coming meeting between retirement funds managers and Apple's board of directors on April 1.

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