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Technology Stocks : Apple Inc.

AAPL 277.47

+0.2%

Nov 26 3:59 PM EST

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To: tech who wrote (5442)	10/15/1997 5:42:00 PM
From: Marc Newman	of 213173

tech, Did your previous research show that sales were bad in Asia? I think you should have shared this with us. :) To my mind everything is in order for a profit next quarter. The cost structure is very good. I imagine that they've cooked the books a bit to make this quarter a little worse so that next quarter can show the profit that puts Jobs on the cover of the business magazines. I haven't dived into the results too deeply yet but assume cash flow was good. Assets and book value holding in there. Sunk by Japan! So unfair. Going to cost me some cash tomorrow, but no big deal. Marc

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