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Technology Stocks : Apple Inc.

AAPL 258.33

-0.6%

Jan 15 3:59 PM EST

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To: Phillip C. Lee who wrote (13819)	5/19/1998 7:28:00 PM
From: Sam Scrutchins	Read Replies (1) of 213182

I still believe analysts need to give Apple another upgrade within 1-2 weeks to catch up the upcoming revenue/net in Q3. Phil, I'm beginning to wonder if this will happen. The analysts have had plenty of chances to upgrade Apple, and they have missed the doubling of the stock price. Many may be worried about the computer sector in general, especially in what may be the last gasps of a bull market. Moreover, Apple has basically delayed its introduction of a Rhapsody-like OS for another year or so. These analysts may view this as an indication that Apple will not continue to perform well (I happen not to believe this, but I could understand such a perspective). I think that Apple needs one or two upgrades to give it renewed momentum. Without the upgrades, I expect the stock to increase slowly over time, perhaps about $2 per share per month on average (just a guess). We shall see! Sam

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