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Technology Stocks : Apple Inc.

AAPL 264.70

+2.0%

1:02 PM EST

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To: Irish Paddy who wrote (3973)	8/11/1997 5:02:00 PM
From: Phillip C. Lee	of 213183

Tom, You are absolutely correct about Apple's future direction. We have encountered so many items contributed to Q4 revenue/net income, and hence these fundamental factors regarding revenue will be the basic indicators for its direction. Today's a healthy correction, which scares away some profit-takers, and make up some loss for short sellers. The volume of 13.8425 million shares seems very healthy and active (the 3rd in NASDAQ). We are still waiting for two big issues to be resolved: - New CEO & Chairman; - Licensing (either make or break it); I believe at least one of them will be resolved this week. Don't forget Apple now has a very strong team of board, which will expedite the process. IMHO Phil C. Lee

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