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Technology Stocks : Apple Inc.

AAPL 271.50

+2.0%

Nov 21 9:30 AM EST

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To: J R KARY who wrote (8165)	2/3/1998 10:58:00 AM
From: Phillip C. Lee	Read Replies (1) of 213173

Jim, The converted bonds are just another factor similar to Power shares, both are possibly contributed to yesterday's sales, but no clear official evdience at all. I knew bondholders can convert their bonds to stocks anytime they wish as current situation, and knew that there was no motive for them to convert yesterday since it is a regular day like everyday. I admit that is a factor, but no driving force based on particular news occurred yesterday. Hence, there is just a speculation like Power shares sales. Phil

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