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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 (13270)	5/10/1998 8:33:00 AM
From: Phillip C. Lee	Read Replies (4) of 213181

<<Simple. I assumed Apple beats the estimates by a 100% in each of the next two quarters. Then I gave Apple 30 P/E ratio, and I get $60.>> Well, what a "math"! We are talking about math 101 here. You say Apple 30 PE ratio. Do you know what it means? At the current price of $30.4375, the earnings will be around $1.01 annually to match your 30 PE, which means there will be $0.20 net each in Q3 and Q4. Hehe..., I thought when you said "math", it should be of very advanced calculation. To the contrary, you even misunderstand PE definition. Be careful about your calculation. If you are not good at "math", just don't utter out because this is a public area. Phil

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