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Technology Stocks : Apple Inc.

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: soup who wrote (8471)	2/13/1998 10:14:00 PM
From: Phillip C. Lee	Read Replies (1) of 213177

Apple's current fair value should be around $31. Based on the PE ratios of those in computer hareware/software, your friend's estimated price is pretty close to reality. News.com today covered a fair report: news.com "Maintaining a steady supply of notebooks, which typically represent higher profit margin than desktop computers, will be essential to Apple as it tries to repeat or exceed its first quarter financial feat of turning a $47 million profit." Still, the shareholder's meeting is held in air. What are the major reasons for Apple to postpone? I believe having not chosen a CEO is one, new products in late Feb, early March is the second, and good news for current quarter report is the third and most important factor. Anybody wants to speculate? Have a good long weekends to everybody and expect to break $20 next week. Phil

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