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Technology Stocks : Apple Inc.

AAPL 283.32

+1.6%

Dec 1 3:59 PM EST

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To: David Semoreson who wrote (7265)	1/6/1998 2:00:00 PM
From: Marc Newman	Read Replies (3) of 213173

I'm going to be fairly quick with the trigger in the next day or two and perhaps people with calls in the money should do so as well. We should have selling pressure as Power dumps the rest of their shares, as people who held and got burned from this latest fall to $13 sell, and as a ton more shorts come in hoping to drive it back under $20 like last time. I'm very bearish about sales for the march quarter. If revenue is under $1.6 billion at Christmas, what the hell is it going to be in spring with no educational sales? Also there will likely be a writeoff for slow 603/604 inventory. Eric, dip into the GVIL. Not too late, that stock belongs at 2 1/2 minimum. Seriously. Marc

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