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Technology Stocks : Apple Inc.

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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To: Essam Zaneldin who wrote (12046)	4/23/1998 8:38:00 AM
From: Phillip C. Lee	Read Replies (2) of 213176

Essam, No, I don't believe the negative trend will continue. The prices in the first and last 30 minutes trades only represent pure speculation. The price will stabilize and move up gradually since the revenue/net have revealed Apple's stabilization and future growth. Apple's successfully sold their G3's with low non-G3 inventory, the entire picture looks very bright for the rest of '98. It wouldn't be any surprise to me that Apple will hit $50 in July. However, the near-term's wide swings derived from daily speculations will continue. This stock will become the most worth keeping one in '98. Phil

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