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Technology Stocks : Apple Inc.

AAPL 275.29

+0.4%

3:37 PM EST

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To: John F. Dowd who wrote (12041)	4/22/1998 8:38:00 PM
From: Phillip C. Lee	Read Replies (2) of 213176

<<I don't get point #3. What is the connection. Even the MSFT thread people don't know what to make of increasing profit/slowing revs. report. Why should this effect AAPL?>> For any short term players, institutions control the stock movement. They have mutual agreement on whisper numbers of Microsoft's revenue/net. Besides, Microsoft said they expected to increase revenue by 17% a couple of weeks ago, which all positives have been factored in. Hence, the outlook of Microsoft's Q3 seems not meet aggressive estimates. They who dumped Apple's stock today just assumed that Microsoft's earning will more or less impact tech stocks as a whole tomorrow. I will not be surprised if Apple's opening price jumps up (gaps up) from $28 tomorrow. Phil

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