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Technology Stocks : Apple Inc.

AAPL 277.23

-0.3%

Dec 9 3:59 PM EST

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To: David Semoreson who wrote (5803)	10/31/1997 2:13:00 PM
From: Russ	Read Replies (2) of 213176

The Nov 22.5 call is very active - I'm surprised, as I'd say the Nov 20 call is a better play (they're also up - they're going for 3/8). As far as Joe's idea of 9 shares of ORCL for every share of AAPL - I'd expect ORCL to decline on the news. A 1:1 swap, with a slight decline in ORCL could come in near $32. -Russ

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