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Technology Stocks : Apple Inc.

AAPL 277.23

-0.3%

Dec 9 3:59 PM EST

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To: Noda who wrote (9449)	3/14/1998 11:08:00 AM
From: J R KARY	Read Replies (2) of 213176

Noda the Bondholders ousting Jobs is an old rumor Started in December when some of them converted to stock . They had been Dr. Gil's investors and the logic was to pay back Jobs . Senor Jobs has been there and back - remember Sculley ? Dr. Gil owes $5 mln to AAPL and it is secured by his options exercisable at $26. You know whuut ? At $26 Dr Gil's still owes AAPL mega bucks so the update goes Dr. G calmed down his bondholder friends . At $28 the remaining bondholders are made whole and that is why we will see $28 by annual meeting time . Now that is not the end to that rumor as the update adds that the bondholders have committed their shares to somebody out of the Blue . Phil Lee's explanation of this is as good as it comes and AAPL's Board , picked by Jobs and in at $23/shr , would be crazy to jump ship . The same goes for Power CC's remaining shareholders. Hold this puppy, Jim K. PS: I didn't believe the rumor but I averaged my holdings down from $28/shr to slightly under $18 - My buy for 19 13/16 at 2/98 opts expir time did not execute . I will attempt a buy again this Friday .

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