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Technology Stocks : Apple Inc.
AAPL 273.67+0.5%Dec 19 9:30 AM EST
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To: Linda Kaplan who wrote (12189)4/25/1998 1:19:00 PM
From: Phillip C. Lee  Read Replies (2) of 213177
 
<<50 would be an acceptable price for Apple in July. I shall hold
my call options for a while>>

I expect the stock will run up gradually in the coming three months.
It will accelerate around MacWorld and Q3 announcement dates in July
to join the summer rally.

<<I think Apple should wait quite a while to accept a buyout offer,
till the buyout price can fully reflect Apple's potential. They
probably wouldn't give much more than 35 right now. What are your
thoughts on the issue of buyout?>>

There is always a possibility that Apple will be bought out. However,
I don't think it will occur in a short term. Apple needs to prove
their continuing improvements in revenue/net income for another couple
of quarters before landing any takeover bid from potential candidates.
It's an immature timing for any company to take an action now.

On the other hand, I am more interested in their growing prospects in
the current and next quarters. It's believed that street's
analysts are also expected to see Apple's growth before they could
provide any more recommendation. Well, it sounds like endless game.
It's actually no end on Apple's future prediction. After Q3's
outstanding outcome is announced, then people will be looking for
Q4's. It is funny, isn't it? I tend to believe Apple's stock has
stabilized with less counting on "event-driven" swings. With their
consecutive two positive net incomes, they already built up their
solid fundation on stock price.

Be patient to wait another shoe to drop in the summer.

Phil
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