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Technology Stocks : Apple Inc.

AAPL 277.96

-0.3%

Dec 8 3:59 PM EST

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To: Michael D. Muzzie who wrote (11392)	4/15/1998 6:22:00 PM
From: Randy Tidd	Read Replies (3) of 213174

> Does anyone expect a big run-up tomorrow and then a > correction/selloff/profit-taking on Friday? Or should we see > healthy gains on both days? I am not much of a trader/TA person but we can look at the fundamentals. Being conservative, let's assume flat earnings for the next two quarters. We had $0.33 last quarter, $0.38 this quarter, and let's say we have two more quarters at $0.38. That's $1.33 for twelve months. At a price of $27, that's a PE of 20. It's hard to find another stock on the market to compare to Apple, but Compaq is currently trading at a PE of around 21. I'd call a PE of 20 for Apple slightly undervalued, so I can see them sustaining a level of $27 for a few months, assuming they can hold the course that they're on. Randy

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