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Technology Stocks : Apple Inc.
AAPL 286.23+1.0%Dec 2 3:59 PM EST

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To: tech who wrote (5391)10/14/1997 6:16:00 PM
From: Robert Mayo   of 213173
 
"Apple will miss the estimates by a long shot. This company is in far worse condition than anyone in the general public is aware. If there ever is a merger, it will occur when Apple shares trade at $10-15, where it belongs at best. Watch the panic ensue tomorrow morning."

I love this stuff. I really do.

Let's see, Mac OS 8 sales were near the top of the CR-ROM sales charts in August and September; Adobe posted great numbers based, in part, on surprisingly good Mac software sales; MOT posted decent numbers with strong chip sales; anecdotal evidence from several markets reported an in increase in Macintosh sales last August; UMAX had a blow-out quarter (licensing fees) and; Apple hasn't issued a profit warning. And you think Apple is going to miss estimates by a long shot? Yeah, you're probably right_on the high side.

Still, could be an ugly market in the morning. Tech traders don't seem too happy with Intels' numbers, or its cautious view of the immediate future.

Bob


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