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Technology Stocks : Apple Inc.

AAPL 278.85

+0.5%

Nov 28 9:30 AM EST

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To: joe caetano who wrote (7640)	1/14/1998 4:45:00 PM
From: Marc Newman	Read Replies (1) of 213173

Thanks, Joe. Cash keeps rising, $313 million in operating expenses is amazing, and we didn't break below the $1.6 billion in revenue. Let's hope for a good conf. call (they used to RealAudio those things live but I can't find it) and good spin. Doesn't seem to be any fakery in this profit that I've seen so far. They probably did taper off the ads since they needed to move old inventory this quarter, which led to low expenses. Their Dec. SEC filing said they expected lower revenue next quarter than a year ago, which means under $1.6 billion. Maybe they can make a good run for this figure though. Sounds like they can still make a profit on $1.5 billion, so that's cause for optimism too. Marc

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