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Technology Stocks : Apple Inc.

AAPL 273.67

+0.5%

Dec 19 9:30 AM EST

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To: Phillip C. Lee who wrote (10221)	3/27/1998 3:20:00 AM
From: e. boolean	Read Replies (1) of 213177

The notion that Adobe's report implies poor Mac sales is one possible interpretation, but there are many other interpretations that are at least as plausible. For example, if the general weakness of the quarter is due to factors not related to Mac hw sales (product cycle, competitive sw, etc.), the change in Adobe Mac sales relative to Wintel sales could be accounted for by a mere 4% improvement in Adobe's penetration into their potential Wintel market (given a ratio of 17:1 Wintel to Mac in the pc market).

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