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Technology Stocks : Buy Apple... I know you guys think I'm crazy but ...

AAPL 270.37

-0.4%

Oct 31 9:30 AM EST

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To: Stephen Leung who wrote (13)	6/2/1996 1:49:00 PM
From: Daven G. Rajangam	of 90

The 10q report on EDGAR says unit shipments for the 1Q 96 were down 14% from Q1 95. In a way, I'm surpirsed it wasn't more given the dirge-like news on Apple all quarter. The real story will be 2nd quarter and whether shipments rebound or whether continued weakness occurs. One bad sign: I'm trying to buy a Powerrbook 5300 and they've all been recalled. Can't get one until mid-to late June. If I treated this investment on a cold-hearted basis, I guess I would sell Apple. I do believe, however, that all the bad news is priced into the stock and a just a bit of good news will move it up smartly (IBM cloning deals, early release of Copland, PPCP machines col y to strong reviews, etc.-I think you get the idea). News of this type is very likely, and if I were Amelio, I'd plan a surpirse like this for the near future. I see modest upside to AAPL and little downside. BTW, what other computer hardware maker would you invest in now other than Hewlett Packard? Dave

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