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Technology Stocks : Apple Inc.

AAPL 278.85

+0.5%

Nov 28 9:30 AM EST

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To: J R KARY who wrote (7612)	1/15/1998 12:06:00 AM
From: Marc Newman	Read Replies (1) of 213173

Is Apple the first to suffer from new reporting rules? Jim, I think I may have solved our problem with missing the eps numbers, as I stupidly forgot that starting with the 4th quarter of 1997, firms have to report both basic earnings (the old way) and diluted earnings (outstanding shares plus warrants, options, and covertible stock). Maybe everybody else knew this and you've probably already e-mailed it to me but not only were we confused today but so was CNBC, etc. Apple beat numbers by two cents, with no fakery. Only the diluted numbers were below estimates. (Can't wait until Microsoft has to report their diluted numbers.) At least I think this is what happened. Media and street sentiment seems to be positive for Apple.

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