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Technology Stocks : Apple Inc.

AAPL 273.40

-0.1%

Dec 26 9:30 AM EST

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To: Moominoid who wrote (12504)	5/2/1998 1:11:00 AM
From: Sam Scrutchins	Read Replies (2) of 213177

I have a question for anyone. Am I missing something or what? Q1 earnings were about $0.37, and Q2 earnings were $0.38, for a 6-month total of $0.75. Given this, why is First Call reporting that the lowest current FY98 estimate is $0.65? No analyst is suggesting a loss in either Q3 or Q4. If one adds the lowest quarterly estimates for those quarters together (Q3=$0.23 and Q4=$0.21), the lowest possible outcome is $1.19. Admittedly, some analyst could be providing the lowball $0.65 annual figure assuming losses for one or both of the next two quarters. However, any analyst who would legitimately forecast a loss in either of these quarters is simply stupid. Generally, I don't believe these people are stupid. Consequently, I must me missing something or this analyst is involved in some sort of market manipulation game. On the other hand, maybe "simply stupid" is the correct conclusion after all. Sam

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