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Technology Stocks : Apple Inc.

AAPL 256.44

-0.7%

Jan 28 3:59 PM EST

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To: Richard J. Byrd who wrote (8158)	2/3/1998 9:36:00 AM
From: Phillip C. Lee	Read Replies (1) of 213183

Dick, From MacNN (http://www.macnn.com), the reason for yesterday's sliding Apple price was due to the sales by ex-Power CEO, Dr. Kohng, probably along with his subordinates' shares. I think Apple needs to absorb those shares from market sooner or later if Apple wouldn't propose to buy them. It has been at least several days after 1/26 that the stock prices have showed the weakness, probably due to diluted stocks from Power released to the market. If they have 3.3 million shares, I think they already sold most of their holdings. I woundn't be convinced by "bonds converted to stocks" speculation. Phil

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