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Technology Stocks : Apple Inc.

AAPL 267.51

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Nov 18 3:59 PM EST

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To: Phillip C. Lee who wrote (2555)	6/19/1997 8:56:00 AM
From: David Semoreson	of 213173

>>I believe shop asst's estimates for 3Q outcomes based on the following reasons<< Phillip .... I would like to see this happen too, but I don't think so. My concern is late shipping of high margin models (which may not make the quarter at all?) and discounting of the low end. The currency will help overseas markets, but I think the domestic market is poor. In addition, the cost cutting is not fully implemented, and the savings from splitting of Newton will not be reflected in this quarter. I am still highly confident about Q4, but I sold all of my shares last week. I expect a significant drop IF the news is bad, but no movement up if the news is good. I will reenter at the same or lower price. Good luck to all ...

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