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Dear Howard (editor, Barron's OnLine)
In the article Lisa R. Goldbaum wrote today "What Does Apple Do For an En-Core" I'd like to point out an error in her calculation of Apple's gain. Lisa wrote "Apple's stock has certainly reflected the company's recent successes. Since the end of last year, it has risen from a 52-week low of 12 3/4 to its current price of 33 15/16 -- a gain of about 160%."
Actually, the gain is 166%. If you print the correction, it might add an additional 6% of credit to support the recommendation to take some profit.
Oh, by the way, you might advise Lisa to pay attention to the analysts on Wednesday, 7/15, during the Apple conference call. With Apple's 3 strong profitable quarters back to back and quarters 4 and 1 slam dunks with iMac introduction and xmas, the analysts will surely revise their 1999 earnings forecast.
Thanks for listening,
Dennis
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