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Technology Stocks : Apple Inc.

AAPL 274.11

-1.5%

Dec 15 3:59 PM EST

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To: Alomex who wrote (28903)	9/29/2000 2:09:49 PM
From: Dave	Read Replies (3) of 213176

""They should really be upgrading."" "I disagree. Apple seemed to be running on a smooth path towards recovery (delays of OSX excepted). The earnings warning changes that." If analysts did their job and dug up numbers from companies' channels, suppliers, and other financial data, rather than just parroting whatever nonsense the CFO had said most recently, then this would come as no surprise. But since most analysts are just cheerleaders who paraphrase press releases, Apple's preannouncement is a big shock to them. My feeling is that the market is slumping and Apple is slumping along with it. Their sin is that they have not "managed expectations," which is another way of saying that they did not spoon-feed numbers to the analysts day by day.

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