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Technology Stocks : Apple Inc.

AAPL 266.38

-0.8%

3:59 PM EST

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To: Scott Simpson who wrote (2003)	4/2/1997 11:37:00 AM
From: Phillip C. Lee	of 213173

The meeting between CalPERS money managers and Apple's board of directors has been postponed two to three weeks, which makes more sense, because: (1) By that time, speculation about takeover by Ellison will be settled on either way and quarterly report will be published; (2) Quarterly "window dressing" has been over. CalPERS managers do not need to make a decision in a rush speed; (3) CalPERS investment on Apple is very trivial compared to its own 118 billions overall investments; (4) Probably, CalPERS managers are satisfied with what Apple's changes and its new future trends about products and management; The postponement on this event does not affect the efforts made by CalPERS to influence the decisions made by Apple's executives, just the timing is not appropriate during this period of speculations. - IMHO

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