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Technology Stocks : Apple Inc.

AAPL 278.85

+0.5%

Nov 28 9:30 AM EST

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To: kris hatfield who wrote (2497)	6/6/1997 10:50:00 AM
From: Phillip C. Lee	of 213173

There are differences between what you want and what Sr. Executive Vice President of Apple wants. What you want them to is just a wish or teasing, while what Apple executives want is not only a wish, but also a determination and will that force Apple to accomplish the goal. It seems to be no problems for Apple to return to profitability in the fourth quarter, but can it retain in black after 4th Q of 97 that remains to be seen. The current quarter's results will be as important as 4th Q's. Based on last year's data (Revenue and net income), the third quarter's net income may be near (-32 millions of 3rd Q, 96, excluding any charges) or less due to the stuff reduction that has been kicked in in this quarter and currency exchange rates that benefits international corporations. If the revenue can exceed 1.875 billions, it is possible to get back to black in the current quarter.

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