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Technology Stocks : Apple Inc.
AAPL 273.67+0.5%Dec 19 9:30 AM EST

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To: Marc Newman who wrote (12997)5/7/1998 10:22:00 AM
From: Alomex  Read Replies (1) of 213177
 
Anderson has been very good at telling us what we need to know.

I agree. Help yourself to some more:

Anderson warned, however, that the company expects revenues to remain relatively flat until it ships a new line of portable computers and a consumer-level desktop product. He said those lines should be available by the first fiscal quarter 1999 [I guess we should make that third quarter 1998]

Apple's PowerBook line of notebook computers accounted for 13 percent of revenue, compared with 26 percent from the year-ago period.

Anderson also said pricing pressures throughout the computer industry helped account for Apple's decline in revenues and will have an effect on Apple's gross margins down the line. "There's a continuing price erosion in the marketplace," he said. "When Apple comes out with a consumer unit in the December quarter, obviously it won't yield as good a margin as the G3. What impact that will have is to be determined, but we expect to maintain gross margins at or above 23 percent."

Anderson said while the company expects third-quarter margins to remain flat, fourth-quarter margins should be sequentially higher.
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