Apple Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Trey McAtee who started this subject	10/8/2000 7:45:10 PM
From: Softechie	Read Replies (1) of 213176

DLJ on Apple as of 8/29/00: TOP PICKS 8/29/00 APPLE COMPUTER, INC. (AAPL: 59.19) Investment Statement: The best-positioned supplier of technology for growth in consumer Internet computing, AAPL consistently delivers innovative, highly functional, fun and easy-to-use products for the rapidly expanding consumer market. Shares currently trade below AAPL's three- to five-year expected earnings growth rate of 25%; several hardware stocks, with less compelling growth dynamics, trade at multiples of earnings growth. With less than 4% market share and less than 10% of the retail PC segment now, we believe AAPL can achieve its 35- 40% annual unit growth target. Operating system releases over the next 6-12 months should provide an upward stimulus to margins. The Internet obviates operating system platforms, freeing AAPL to focus on providing enhanced, differentiated computing experiences. FY: Sep EPS P/E ROE Dividend $0.00 1999 1.29 45.9 7.0% Current yield 0.0% 2000E 1.79 33.1 8.9 5-year EPS growth (est.) 20% 2001E 2.10 28.2 9.4 Implied total return 48% Debt-to-equity ratio 0.54:1 Relative Current 5-Year Avg Book value per share $12.39 ROE (2001E) 0.49 0.36 Total Return Since 12/31/99 15.1% P/E (2001E) 1.22 (4.73) Shares outstanding (mil.) 324.97 Price/book 1.07 2.30 Market capitalization (bil.) $19.23 Note: Prices in this month's issue of the monthly analysis are as of 8/29/00

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next