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Technology Stocks : Apple Inc.

AAPL 273.67

+0.6%

Dec 19 3:59 PM EST

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To: Jon Klaus who wrote (11582)	4/16/1998 1:03:00 PM
From: X-Ray Man	Read Replies (3) of 213177

You should not be overly surprised at mild reaction. Many people bought speculating Apple would beat estimates. They want to take their profits today. Institutional investors wouldn't care if Apple posted twice as much profit this quarter, until they hear a rationale that explains why Apple might experience 25%+ growth rates in the future. The foundation is there, but the question remains what is the growth path. In this, at least, the bears here are correct. I just happen to believe that the growth paths are there for Apple if they make the right choices. I expect this will be articulated at the shareholder's meeting a little, and more so at the developer's meeting in May. Time to look at May 30 calls...

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