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Technology Stocks : Apple Inc.

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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To: Phillip C. Lee who wrote (13247)	5/9/1998 2:34:00 PM
From: Alomex	Read Replies (3) of 213182

the projected price will be around $69 (30x30/13) which is highly likely to occur. The reasons are as follows: I did the math and it seems a price of $60 by the end of the year is within what could realistically happen. However, to call it "highly likely to occur" is IMHO absurd, and I sure hope calmer heads prevail here. Apple has not yet posted a quarter-to-quarter increase in revenues. You thought Apple had a good chance to do so this previous quarter. It wasn't even close. Next quarter revenues will be higher than those of Q2, but not much different from Q1, and still down on a year-to-year basis. The only reason I say Apple has even a chance of reaching $69 is that it is possible for Apple to post higher revenues on a year-to-year basis in Q4. That could excite the market and send Apple to over $60, but I'd give it a 15% chance of happening, at the most.

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