Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: Sonny McWilliams who wrote (15723)	1/6/1998 9:27:00 PM
From: Sonki	Read Replies (1) of 27012

sonny, did u buy appl? wow take a look at this..... APPLE COMPUTER (AAPL) 19 3/4 +3 7/8. What a way to start MacWorld! Just moments ago, the struggling computer maker indicated that it may finally be turning around its operations. According to the company, it will report a profit for the 1st qtr. Based on current shares outstanding, AAPL's forecast of a profit of more than $45 million works out to approximately $0.35 a share, which is a pretty impressive when you consider that Wall Street was expecting a loss of $0.06 a share for the quarter. Revenues are expected to post in the $1.58 billion range, which would represent a sequential decline of about 2%, compared to the 7% sequential decline experienced in the fiscal 4th qtr. In the year-ago period, Apple Computer lost $120 million, or $0.96 a share, on sales of $2.13 billion. The company attributes the much better than expected bottom-line figure to higher gross margins, cost-cutting initiatives, and new products and initiatives. Other highlights of the press release: CFO believes company should be able to sustain gross margin improvement; Microsoft expected to release 4 products for the Mac; Jobs says previous quarter G3 shipments have been 50% above its internal goal; Microsoft unveils Office 98 Macintosh edition. The company plans to release final results on January 14. Chart

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