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Technology Stocks : Apple Inc.

AAPL 278.86

+0.5%

Nov 28 12:59 PM EST

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To: Eric Yang who wrote (6713)	12/9/1997 3:26:00 PM
From: Marc Newman	Read Replies (1) of 213173

Okay, I just looked up the WSJ article from yesterday. The article is mainly about Amelio's ridiculous compensation but has a paragraph at the end commenting on the Friday SEC filing. Basically the WSJ just repeats the facts, the company's sales will slide through March, it will take another $30 million restructuring charge sometime in the next six months, and it faces pricing pressures from clones. I've been expecting the lower revenues and the additional charge is a bit of a shock, but I don't see why the competition with the clones isn't fading, not increasing. From what I can tell, the competition since early November has been entirely in the low-end. I'd think UMAX is having a rougher time than Apple. I'll mull this for a while. Meanwhile, AAPL's heading back up. 1/4 by 3/8. Marc PS--Alomex, good to have you back. Read the news.com article, if you haven't.

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