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Technology Stocks : Apple Inc.
AAPL 284.16-0.7%3:59 PM EST

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To: Eric Yang who wrote (7991)1/30/1998 7:16:00 PM
From: Marc Newman   of 213173
 
Eric, read Morgan's latest?

pelagius.com

RFI hints that the announcement from Nov. 10 will now be given on Feb. 2, and could be a merger with Oracle. Now if RFI moves the markets as it claims, why has Apple declined the past few days?

What a joke.

I have to think that the threat of the Power shares are either holding us from the mid-nineteens or that the shares are already hitting the market to some extent.

Perhaps Goldman will temper the impact of those shares as a quid pro quo for some forthcoming M+A work, such as a sale of Filemaker.

I would certainly like Apple to take the equivalent of the Power shares off the market through an official share buyback program. Apple has the cash, and could use the lower share count to help make these upcoming quarters beat estimates. Plus it would signal something about Apple's committment to shareholder value. Jobs is playing the game very well--I think a little buyback would help too. I'm sure he's getting good advice from Woolard and York too.

Anyway, I've started to build up a trading position again, in the eighteens. Still have my core position which has an average in the low fourteens as well.

Wanted to say I liked your AAPL timeline a lot too.

Marc
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