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Technology Stocks : Apple Inc.

AAPL 259.48

+0.5%

Jan 30 3:59 PM EST

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To: Fernando Saldanha who wrote (3981)	8/11/1997 11:50:00 PM
From: Jaime H. Ayalde	of 213183

"objectively speaking Apple was one of the most overvalued stocks in the U.S., already when it was trading at $15. At $24 it is a joke." Here, let me throw you a Bear bone. Apple Computer (AAPL) today officially revealed that it will stay in the red through its fourth quarter. In a filing today with the Securities and Exchange Commission, Apple cited restructuring costs when it reported that it "does not believe [it] will return to profitability in the fourth quarter." The company also said net sales will likely fall short of the prior year's comparable levels through the first quarter of 1998, if not longer. > It is really interesting hear the Bears were long on this ride....

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