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Technology Stocks : Apple Inc.

AAPL 278.07

-0.2%

12:30 PM EST

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To: Dylan who wrote (11415)	4/15/1998 6:51:00 PM
From: Randy Tidd	Read Replies (1) of 213176

> PE of 21 for Apple would then allow price to approach 35. However, > a company that is further along in its turnaround phase deserves a > higher PE than one that has yet to show it really can turn around. I agree -- if Apple really does show positive earnings AND earnings growth for four quarters running, they'll be in full turnaround mode and the stock will get a lot of attention. Even now, I am pretty psyched that they showed good earnings two quarters in a row. I worked for NeXT when Jobs announced their first profitable quarter -- or should I say "only" profitable quarter. It was a single small profit in a sea of losses. A lot of people speculated that he cooked the books to make things look good for that one quarter. I admit thinking the same thing when Apple announced profits last quarter. Now, with a second round of strong earnings and a lot of good numbers behind it, I'm much more optimistic. Randy

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