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Technology Stocks : Apple Inc.
AAPL 275.92-0.2%Feb 5 3:59 PM EST

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To: Andy Chong who wrote (3705)8/8/1997 1:24:00 AM
From: Andy Chong   of 213185
 
Read this from briefing.com's tech stocks analisys:

The investment community continued to embrace Apple Computer, with the most recent converts being Bear Stearns and JP Morgan both of which upped their ratings on the stock... Clearly, the alliance with Microsoft and the "dream team" board has convinced the street that Apple has turned the corner on the road to recovery... But it should be noted that the recent investment upgrades were most likely written on PCs and that unless Larry Ellison, Jerome York and Bill Campbell plan to buy a couple thousand Macs each the company will continue to lose market share... In the long-term Apple's recovery will not be won on Wall Street but on Main Street, and until the company can restore the consumer's confidence in the viability of Apple it will continue to lose market share and bleed red ink... Once the upgrade cycle comes to an end (another few days), look for Apple to stage a pullback of at least 20%...
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