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Technology Stocks : Apple Inc.

AAPL 259.35

+0.1%

3:59 PM EST

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To: Robert Mayo who wrote (4542)	8/27/1997 4:44:00 PM
From: Phillip C. Lee	of 213181

Robert, I am not surprised that short sellers went up in the last a couple of weeks, primarily due to the make-up by institutions who did short the stock before $19+. There is an obvious example as follows: Bid:22 5/16, Ask: 22 3/8, Deal at: 22 1/4 This scenario didn't happen often and cannot be done by individual speculators. The intention was to pull down forcefully without playing any rules. The following three events will make Apple and Microsoft even get closer: (1) Microsoft rolls out Office 98 for Macs, at: infoworld.com (2) Competitors boost alliance against Microsoft, at: globe.com (3) Sun's McNealycriticizes Apple's Java moves, at: webintosh.com It seems that "Conspircy Theory" is getting closer to reality. IMHO Phil C. Lee

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