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Technology Stocks : Apple Inc.

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: Phillip C. Lee who wrote (12476)	5/1/1998 8:23:00 PM
From: Phillip C. Lee	Read Replies (1) of 213177

To continue the estimate on Q4, in order to simplify the complexity of the forecast on Q4, I just assume the earning will be identical to Q3's. I think it's easy to accomplish since Q4 and Q1 are two best quarters in any given year. Therefore, Q4's earning is still my Q3's estimate, $0.57. The earning of entire '98 would be $1.85. The price should be $37 to reach PE of 20, that is very common method and straight-forward calculation. Now, it was $28. Well, it's still lagging by $9. I think the gap will be filled up within a foreseeable future. Apple's announcement for its hardware new products on 5/6 and its software's WWDC on 5/11 will boost the stock to the extreme and may break $30. It's a wonderful time for Apple's stock to advance significantly between 5/4 - 5/11 under current smooth market condition (high GDP 4.2% with rather low inflation). Cheers, Phil

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