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Technology Stocks : Apple Inc.
AAPL 266.38-0.8%3:59 PM EST

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To: Marc Newman who wrote (7707)1/15/1998 1:08:00 AM
From: J R KARY  Read Replies (1) of 213173
 
Marc thank you and Eric for analysing 1Q's info

AAPL's 1Q earnings report and conference call are being accepted positively by skeptical analysts .

Prior to the conference call CFO Anderson stated the 22 % margin is sustainable for following quarters:

wired.com

The Conference Call confirms a coming sub $1,000 Mac (NC?) and the CEO search is now "passive" :

infoworld.com

Bondholder conversions can remove $60 mln of interest expense and replace it with $60 mln in interest income ($1 shr/yr before dilution).

Coming Annual Report and Proxy mailings will reassure shareholders and Power appears ready (1/26/98) to be an investor in AAPL (no Wintel).

The interest change nulls any dilution so we may see some upgrades .

Jim K.
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