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Technology Stocks : Apple Inc.

AAPL 278.37

+0.1%

Dec 12 3:59 PM EST

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To: Softechie who wrote (29065)	10/3/2000 1:48:03 AM
From: jack bittner	Read Replies (2) of 213176

how does it come to $1.85 if they are projecting 30-40 cents a share for the quarter. do i mis-remember? DID they say 30-40 cents? how does cash on hand relate to earnings, except for the interest they may earn on the cash? do they have debt? how much debt per share? if they have a lotta cash, and if it's earning say 5-6%, that's a lousy asset as to earnings. it's some kind of safety factor. but what good does it do them if sales and earnings are falling? can someone tell me if i got that right about 30-40 cents for the current quarter, and if so, how that comes to either 11.75 or 13 x earnings - before sabrejet wakes up and tells me i'm clueless - or worse? by the way, how come you guys are buying computer hardware stocks - which are commoditized - when you could buy photonic stocks, some of which have locks on niches - or, as Ben Graham used to say, have a "franchise".

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