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Technology Stocks : Apple Inc.

AAPL 272.24

+0.5%

Dec 23 3:59 PM EST

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To: Kurt Starnes who wrote (14040)	5/25/1998 12:56:00 PM
From: Alomex	Read Replies (3) of 213177

The closing price was DM48.70, which at .5688DM to USD$1 is about $27.70 or about 18 cents below where APPL closed in the States on Friday. I think a different exchange rate is used by arbiters. It seems to me that the price is lower than $27.70. Frankfurt closes at mid-trading day here. That means closing price on Friday in Germany should have been the equivalent of no higher than US$28 3/4 as the stock traded below that figure all day. Now subtract 4.98% from that and we get a closing price for today of $27.32. Alternatively, if we assume Apple closed Friday in Germany at $28 1/4 here, today's closing price would be US$26.84.

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