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Technology Stocks : Apple Inc.

AAPL 277.23

-0.3%

3:59 PM EST

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To: Eric Yang who wrote (9470)	3/14/1998 7:45:00 PM
From: J R KARY	Read Replies (1) of 213174

Hi Eric how's your Hong Kong visit going ? The bond conversion is at $29 but it appears they can convert for any amount if AAPL agrees . The last prospectus (supplement #6) was filed 12/17/97 and it lists all the previous amendment dates in the beginning : sec.gov My notes from the 12/97 study are in my office but my overall take was as I posted earlier - these owners/trustees are pros and they are out to enhance shareholder value for their own benefit . Going short is not beneficial unless they saw receivership coming AND they also saw no asset recovery . Converting to stock is mildly dilutive as they abandon a note secured at $24/shr and give up 6% interest . When you check the names of the trustees in the 424B (3 & 5) forms you will see no rookies . My gut feel is they have periodically sent a EDGAR message to Jobs , maybe converting some shares , to keep him moving the stock up as possibly Amelio promised . They must be happy now though . On Hong Kong - how does AAPL's future look there ? Enjoy the trip , your stock is not snoozing, Jim K.

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