Apple Inc. Message Board

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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: May Tran who wrote (10003)	3/24/1998 9:28:00 PM
From: Phillip C. Lee	Read Replies (1) of 213173

May, Welcome to the board. Jobs will take the position but nobody knows when he will, which is a good point to prevent from increasing shorts positions. Jobs has received all info from polls (67% supports),investors, BOD, as well as employees. He pretty understands his current situation and will make a decision sooner than later. Although Jobs who becomes the CEO is important, the bottomline of driving this stock higher is its improving revenue and net income. It has been clearly shown that Q2 is far exceeding the consensus estimates from the generous stock compensations to executives, particular to Jobs. The real stock boost is not today's CEO news, but Q2 reports three weeks from now on 4/15 and shareholders meeting on 4/22. If you look carefully about the stock trend last month, you would find out the stock will go upwards after the day of options expiration similar to last month's. I wouldn't be surprised if the stock is pulled back 3%-5% in the coming weeks within any given day, but it should be swift and short. You will see in $30's as soon as this week. I think it will reach $35 after 4/15. Phil

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