What I am afraid of is that only and only Mac investors (and Mac
sites related to Apple) are so enthusiastic about the next earnings.
Well, It may be true because most of other major tech companies, such
as Compaq, Intel, SGI, MU, etc. expect to have disappointing earnings.
We should be enthusiastic about Apple's Q2 earning since it is the
second on the row to be profitable, and may have surprising earning
records. If we look ahead in Q3 and Q4, we could clearly see more
profitable quarters for the rest of '98. We can count on sub-notebooks
sold in Japan, QuickTime 3 revenue, G3's sales to schools as they
begin to shop from Q3, and so on. The operating costs have been well
controlled and hence any additional revenues will be contributed to
extra net incomes. As I mentioned in the previous post, we may expect
good stock boost if the net far exceeds the expectations. There are
only five trading days left before the reports if counting April 15th
in. We always have nice rebounce in the final session. I expect
we may stay within $26.5 - $27.5 before 4/16 if there is no more
bad news from other big tech companies.
The price going down again seems indicate that the major analysts
(they are supposed to have at least the same kind of information of
all of us here and certainly more and from better sources) have
information of the contrary. I hope I am wrong...
This is overall teck stocks that went down. Actually, there has been
an opporunity for people on the sidelines to jump in and a precious
chance for shorts to cover back. I don't know if we will see today's
prices again.
Cheers,
Phil |
