Novell is Dead. Apple is Dead. Long Live Microsoft! Message Board

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Technology Stocks : Novell is Dead. Apple is Dead. Long Live Microsoft!

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To: Roger Mariner who wrote ()	6/7/1996 3:50:00 PM
From: Roger Mariner	of 238

IBM In No Financial Position To Buy Novell PC Week Reports (http://www.pcweek.com/news/0603/07mibm.html): Shares of IBM tumbled after several brokerage houses lowered their ratings on the company. During a meeting with analysts, IBM Chief Financial Officer Rick Thoman said the current quarter is shaping up to be tougher than expected. Analysts said the negative impact of currency fluctuations would be about 30 cents a share. Novell, like the Bismarck, is hit, circling, alone and on its way down. ***** MacWeek Reports (http://www.zdnet.com/macweek/mw_1023/news_apple_irs.html): New Tax Dispute/Deja Vu All Over Again: Apple and the Internal Revenue Service are again fighting over taxes. The IRS said that Apple owes about $140 million in back taxes from a period spanning 1989 to 1991. Apple disputes this estimate and has filed suit; a court hearing has been set for April 1997 if no agreement can be reached. Apple recently settled an even bigger disputed tax bill with the IRS, which according to previous reports (see 10.16.95, Page 4) could have amounted to almost a billion dollars. Details of the settlement remain confidential. Apple's latest tax dispute results in large part from profits generated overseas. According to the IRS, Apple owes U.S. taxes on sales from machines made in Ireland. Apple, however, countered that its products are not made in Ireland but are merely assembled there, and that the difference is crucial when it comes to paying taxes. Apple is more like the Titanic. Full steam ahead. Do you think that the IRS will be using a lot of Powerbooks? RM

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