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Technology Stocks : Apple Inc.
AAPL 259.35+0.1%Jan 9 9:30 AM EST
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To: Alomex who wrote (13205)5/9/1998 12:10:00 PM
From: Phillip C. Lee  Read Replies (1) of 213182
 
<<Actually is a two-year high, which is nice. Apple has recovered to where
it was two years ago. A couple of years more back into the future and
Apple will be at $60 !!>>

Alomex,

From the Apple price pace of last four months, it jumped from $13 to $30+
within four month and few days. If the same ratio can sustain for
the next 4-5 months, the projected price will be around $69 (30x30/13)
which is highly likely to occur. The reasons are as follows:

- Better expected earnings for Q3 and Q4;
- Better revenues due to new products of software and hardware;
- Fundamental is stronger than previous two quarters;
- Tends to accelerate the stock price as the brighter future is
predicted;
- still undervalued on PE(price/earnings), SP(sales/price) as opposed
to others in the same group.

Phil
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