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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 (13284)5/10/1998 11:19:00 AM
From: Phillip C. Lee  Read Replies (2) of 213182
 
<<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.>>


Continued-

If Apple beats the estimates by a 100% in Q3 and Q4, then Q3's net
should be $0.64, and Q4's net should be $0.80 based on Yahoo's
Detailed Research data. So, we could come up with $2.15 total net in
'98. The PE should be 27.9 (60/2.15) rather than 30. If you want PE
30, the price will be exact $64.5, which is about the middle of
$60 and $69.

Phil
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