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Technology Stocks : Apple Inc.

AAPL 274.11

-1.5%

3:59 PM EST

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To: Phillip C. Lee who wrote (10351)	3/28/1998 11:57:00 AM
From: Kurt Starnes	Read Replies (2) of 213176

Phillip: I continue to be impressed with your analysis of AAPL. Especially your call of $28 on Tuesday after AAPL was sucked below $25 on Monday after option expirations. While some in this group seem to think you might be overly optimistic regarding AAPL, recent history has proved your analysis to be very accurate. I share your continued optimism, and predict AAPL at $50 by late July. To get there, AAPL will have to surprise this quarter (I like Eric's numbers), name a CEO and surprise again when 3rd quarter numbers are released. And these words from AAPL's most recent 10Q will not leave my head: "Therefore, sequential revenue growth is not expected until at least the third quarter, while year-over-year revenue growth is not expected until at least the fourth quarter. The Company believes that gross margin levels on its current products are sustainable for several quarters and that operating expenses will continue to trend downward through the third quarter." IMHO, if the prophecy of the above paragraph is fulfilled, then $100 by (with "year-over-year revenue growth") AAPL's fourth quarter is within grasp. Yes, I am a shareholder and option holder. And a serious AAPLhead. GO AAPL! Kurt

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